Nasdaq to Launch Overnight Trading Session in December
Nasdaq will introduce an overnight trading session on December 6 and is seeking approval to eventually offer trading for up to 23 hours a day.
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Nasdaq will introduce an overnight trading session on December 6 and is seeking approval to eventually offer trading for up to 23 hours a day.
Crypto market maker Wintermute has secured a U.S. broker-dealer license, paving the way to trade traditional securities and compete with established Wall Street firms.
SpaceX will release its first quarterly earnings report as a public company, with investors closely watching Starlink growth, AI spending, profitability, and future guidance.
SpaceX shares fell to a new all-time low of $110 as the post-IPO selloff continued, leaving the stock nearly 50% below its peak despite growing buying interest from ETFs.
SpaceX shares have fallen to a new all-time low, wiping approximately $1.48 trillion from the company’s market value in just 37 days and dropping well below their $135 IPO price.
SpaceX shares fell below $140 for the first time since the company’s IPO, reaching a new post-listing low after giving up most of their early trading gains.
SK Hynix shares fell 16% in Seoul, marking a record one-day decline just days after the company’s historic Nasdaq IPO.
SK Hynix raised $26.5 billion in the largest U.S. IPO ever by a foreign company as surging AI memory demand fueled overwhelming investor interest.
SK Hynix began trading on Nasdaq after raising $26.5 billion in an oversubscribed ADR offering, with the proceeds set to expand AI memory chip production.
U.S. markets lost roughly $1.8 trillion in value within two hours as stocks, precious metals, and cryptocurrencies sold off sharply following shifting expectations surrounding a potential U.S.-Iran agreement.
Ontario Teachers’ Pension Plan’s $300 million investment in SpaceX has grown to nearly $12 billion based on the company’s expected IPO valuation, representing one of the fund’s most successful investments ever.
Some market analysts warn that SpaceX’s upcoming IPO could become one of the largest insider liquidity events ever, as early investors gain access to trillions of dollars in previously locked-up equity.
SpaceX is reportedly targeting a $1.75 trillion valuation for its upcoming IPO, with the company expected to begin its investor roadshow on June 4 ahead of a planned Nasdaq debut on June 12.
The Nasdaq 100 closed above 30,000 for the first time in history after surging 31% in just 56 days, fueling comparisons between today’s AI boom and the late-1990s dot-com rally.
Quantum computing company Quantinuum is seeking to raise about $1.05 billion in its Nasdaq IPO at a valuation near $12.7 billion, with the U.S. government expected to purchase a $100 million stake.