Reddit, a news aggregation site and forum network with over 73 million users, has never made a profit to date, but is regarded as one of the world’s biggest and most widely read websites. It has now revealed that its IPO will involve 22 million shares that will be sold for between $31 and $34…
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Holcim’s current CEO, Jan Jenisch, will be at the helm of this spin-off while focusing on his role as chairman. Jenisch will also stand for re-election at the company’s annual general meeting in May 2024. Gutovic has been part of the company’s group executive committee since 2018. He is presently in charge of Region Europe…
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The American Depository Shares of BEST Inc., a Chinese supply chain technology firm, began trading today on the New York Stock Exchange (NYSE) under the ticker symbol “BSTI”. The company raised $450 million in gross proceeds and is the largest U.S. IPO of a Chinese firm year-to-date. GTS is the NYSE Designated Market Maker (DMM)…
Read moreThe three major exchange groups, financial exchanges operator Bats Global Markets Inc (BATS:BATS), Nasdaq and the New York Stock Exchange (NYSE), (collectively called ‘the exchanges’) have worked together to harmonize key functions of the U.S equity markets to increase resiliency during times of extreme volatility. In the coming weeks the exchanges will file with the Securities…
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