May 18, 2024
Finance

Microsoft-backed Rubrik’s stock jumps 21% in NYSE debut

(Reuters) -Rubrik’s shares climbed nearly 21% in their debut on the New York Stock Exchange on Thursday, giving the Microsoft-backed cybersecurity firm a valuation of $6.77 billion. The startup joins a list of companies that have seen strong debuts recently as initial public offerings (IPOs) bounce back on hopes of a soft landing for the

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Investment

A new fund that allows investment in private tech firms like SpaceX and OpenAI has seen its market value surge as much as 818% in 2 weeks

A female SpaceX employee is suing the company for discrimination and retaliation.Eva Marie Uzcategui The Destiny Tech100 fund has soared as much as 818% since its debut two weeks ago. The closed-end fund offers investors access to companies that have yet to go public. Some of the top holdings in the fund include SpaceX, Epic

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Finance

GE Vernova Completes Spin-Off and Begins Trading on the New York Stock Exchange

A purpose-built company to electrify and decarbonize the world, uniquely positioned with a scope and scale of solutions to accelerate the energy transition Executing with sustainability, innovation and lean at its core and delivering disciplined growth, margin expansion, higher free cash flow, and effective capital allocation Trading on the New York Stock Exchange under “GEV”

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Finance

Reddit prices shares at $34 in highly anticipated IPO

Reddit priced its initial public offering at $34 per share, the higher end of its expected range, valuing the social media platform at roughly $6.4 billion. The stock as of 12:05 PM Eastern on Thursday was indicated to open anywhere between $50 and $52 per share. The company’s debut on the New York Stock Exchange

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