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Experts React To Rocket Companies' Liftoff After IPO Fundraising Misses Target
Friday, August 7, 2020 - 3:46pm | 561Rocket Companies, Inc. (NYSE: RKT) shares were trading higher on their second day of trading and are now up about 30% from their $18 IPO price. The huge initial open market demand comes as a relief for investors concerned that the IPO itself priced below the company’s target...
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Apple's Guidance Warning Proves That 'Buy The Dip' Still Works: PreMarket Prep Recap For Feb. 18, 2020
Tuesday, February 18, 2020 - 1:50pm | 1141Apple Inc. (NASDAQ: AAPL) on Monday night warned that the spread of coronavirus throughout China will prevent the company from hitting its previous revenue targets for the quarter. While that news wasn’t especially surprising considering the economic implications of a widespread...
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Eric Krull On SmileDirectClub IPO: 'They Don't Make Money'
Monday, September 16, 2019 - 12:13pm | 597Investors in SmileDirectClub Inc (NASDAQ: SDC) had a reason to grin Friday. Shares in the home-teeth straightening company were starting to come back after getting hit badly by what appeared to be an overpriced opening on the stock’s first day on the market Thursday. The shares...
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IPO Expert On AB InBev's Canceled Go-Public Plan: It Wasn't Clear From Day One
Monday, July 15, 2019 - 2:42pm | 529Beer giant Anheuser Busch Inbev NV (NYSE: BUD) will no longer proceed with the planned IPO of its Asian unit due to "several factors, including the prevailing market conditions." What Happened Budweiser's parent company was on track to hold the title of overseeing the world's most...
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Uber's First Day On Wall Street
Friday, May 10, 2019 - 4:03pm | 567With co-founder Travis Kalanick watching from the floor, Uber Technologies Inc (NYSE: UBER) opened for trading at $42 per share — after pricing its IPO at $45. The stock listed at the low end of its expected range. A Bargain? “They really priced it so much more as a bargain,” Eric...