The US real estate sector is heating up amid accelerated economic recovery fuelled by an aggressive vaccination campaign. Strong demand for new homes at the back of declining inventories point to a market-ready to take off. Likewise, deals and activities in the sector are increasingly edging higher to the extent of Compass Inc. plotting a
IPO
Bitcoin acceptance by mainstream institutions continues to gather momentum as Morgan Stanley became the first banking institution to accept digital currency as an emerging asset class. The move by the financial institution positions it in a tight spot with other banking institutions expected to follow. Morgan Stanley to launch three crypto funds In a statement,
The US SEC moved to strike Ripple’s defenses following its suit in December, accusing the blockchain giant and its executives of selling unregistered securities. However, Ripple has responded to the motion to strike its pivotal “fair notice” defenses, labeling it as “meritless.” Ripple says SEC’s motion to strike is meritless In a letter to Federal
Transaction volume in the South Korean cryptocurrency markets exceeded the stock market’s daily average transaction volume, as BTC rose to a new all-time high of $61,000. Crypto market volume surges on BTC price rise to $61,000 CoinMarketCap data showed that the combined 24-hour volume to top south Korea-based digital currency exchanges Bithumb, UPbit, Korbit, and
Alphabet Inc. (NASDAQ:GOOGL) backed insurance start-up, Oscar Health has filed for an initial public offering seeking cash following the telehealth market demand surge during the pandemic. The start-up founded in 2012 by Kevin Nazemi (no longer with the company), Mario Schlosser, and former President Trump’s adviser Jared Kushner’s brother Josh Kushner listed the size of
Real estate is a theme that has held firm amid the shocks triggered by COVID-19. A spike in home prices in some markets has come at the back of strong demand. Likewise, markets such as New York are once again bottoming out, as demand for office space improves. The sector also continues to see an
Billed as one of the most bizarre years, one thing stood out in 2020: Special Purpose Acquisition Companies SPACs. Better known as shell companies, SPACs took the market by storm as the need to raise capital inched a notch higher among private companies. While private companies have always had ample access to capital from venture
The U.S Exchange Traded Funds market has been a buzz of activities as investors eye broader market exposure to counter the exacerbated volatility levels. The uncertainty triggered by the COVID-19 pandemic has seen most investors turn to ETFs to diversify investment portfolios. ETFs For IPOs Likewise, the Initial Public market has also been heating up
It’s all system go for the much-awaited Airbnb Initial Public Offering slated for December 10 on the Nasdaq. According to regulatory filings, the U.S home rental firm has priced its IPO at between $56 and $60 a share. At the upper end of the price range, the company would sell stock worth $3.1 billion conversely
Alibaba Group Holding Ltd (NYSE:BABA)‘s financial arm Ant Group is poised to go public and could raise as much as $34.5 billion in a dual initial public offering. The company is poised to list its shares in Hong Kong and Shanghai, making the IPO the largest on record. Regulators in China and Hong Kong have
Strong demand for cloud-computing offerings amid the work-from-home spectacle is poised to give rise to one of the biggest Initial Public Offerings, in one of the most challenging market environments. Cloud storage software maker, Snowflake is planning to go public as it looks to take advantage of investors pouring money into the cloud market. Snowflake