The company, which shops and delivers groceries to customer doors, went public on Tuesday with an IPO price of $30 per share. It kicked off its debut trading at $42, 40% higher than the set IPO price. This pegged Instacart’s value at about $13.9bn. On Thursday, the company’s market cap sat at an estimated $8.33bn.…
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Despite this positive tipping point, the dollar registers weak against its recent three-month high. This cooling gives solid indication that the Federal Reserve may be prepping for further interest rate hikes after a slowing down period of economic spending and employment. APAC Societe General and Global Head of FX Strategy, Kit Juckes noted: If a…
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The country’s growing digital economy, which is expected to reach a notable $1trn by 2026, spurred this move. Research conducted by JLL, an international leader in commercial real estate and investment management, showed that the Indian data centre sector reached 637MW during the first half of 2022, with an expected growth of up to 1,318MW…
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Nicky Maan, Spectrum Markets CEO, explained: Ever since we set out to offer a better way for retail investors to access markets, we’ve maintained a constant focus on enhancing and evolving our infrastructure and service offering, listening closely to what our customers want, and responding accordingly. The collaboration with ICE Data Services Italy is the…
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He added: It is our mission to continue to democratise access to Level 3 data and analytics and widen our data coverage across global jurisdictions. With phase one of our APAC data coverage expansion complete, we are delivering on the strategy we set out following our successful Series B fundraise in October 2022. Further exchange…
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With the new investment, the company enters strategically important connectivity hub for digital networks. The South African market boasts a significant network of submarine communications cables, established at several points across the country's 2,850 kilometres of coastline. Eugene Bergen, President, EMEA, Equinix, said: We entered the African continent earlier this year with the acquisition of…
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Jeremy Deutsch, President, Asia-Pacific, Equinix, commented: Establishing a presence in Johor strengthens Equinix's leadership position in Asia-Pacific within a strategic market such as Malaysia, one of the most requested markets in Asia-Pacific by our global customers. I would like to express our gratitude to the Digital Investment Office (DIO), Invest Johor, and Tenaga Nasional Berhad (TNB) for…
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Tara Risser, President, Americas, Equinix noted that the company has chose Colombia for its investment because of its fast-growing IT sector and its large regional economy. Risser commented: The country's economy has boomed over the past decade, driven by thriving energy and manufacturing sectors. We believe the country is also well positioned to support businesses…
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BMLL Vantage allows users to look at daily, monthly or annually aggregated data sets and correlations between them. They can use the tool to compare how stocks performed on different markets and sort and explore the data through simple dashboards without requiring a quant analyst, data science or cloud computing resource. Dr Elliot Banks, Chief…
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Jonathan Cooper, Chief Revenue Officer at Parameta Solutions commented: Creating possibilities for clients drives everything we do, and it became clear that there was a significant gap in the market for independent OTC benchmarks. Underpinned by our wealth of data and insight, we’re now able to provide bespoke and transparent benchmarks & indices built on…
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