Nongfu Spring raised over $1.1 billion through its IPO which was oversubscribed 1148 times. Its listing on the Hong Kong stock market makes it one of the biggest listings of 2020.
Shortly after getting 400 million euros from selling the new stock the previous week, Ryanair now plans to raise $592 million in a five-year eurobond sale.
Just Eat Takeaway is now accepting Bitcoin payments for food deliveries in France. Through its website, Just Eat revealed that it will not charge any fees for the payments in BTC.
Tech Mahindra announced it was teaming up with Amazon Web Services (AWS) to build solutions based on blockchain technology. The company will introduce blockchain solutions built on Amazon Managed Blockchain to global customers.
Revolut has experienced the exodus of staff and officials since the coronavirus pandemic struck. Besides the 62 redundancies that the company announced earlier in the year, the company fired more than 50 of its employees.
Samsung recently won a $6.64 billion order from Verizon to provide network solutions. The win will help Samsung expand services to more countries.
The decline recorded in the tech stocks in the past week appears to have spiked fears amongst SoftBank’s investors.
The U.S. Department of Defense said that there were reports of SMIC’s alleged involvement with the Chinese military and further passing on their chip technology for China’s defense purposes.
Virgin Galactic revealed that it plans to conduct four-hour test flights of the spacecraft’s carrier aircraft WhiteKnightTwo scheduled for October 1 and October 7.
“We think this is a big, big – one of the biggest of all time – houses of cards that’s getting ready to fold,” Trainer explained while pointing out the recent Tesla Inc (NASDAQ: TSLA) fundamentals.
Through its $100 billion Vision Fund, SoftBank bought nearly $4 billion in shares of Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Netflix (NASDAQ: NFLX). Moreover, SoftBank purchased a stake in Tesla (NASDAQ: TSLA).
According to Paolo Gentiloni, European Commissioner for economics and taxation, Amazon, Apple, and Alphabet are “the real winners” of the COVID-19 crisis, and it was no longer possible “to accept the idea that those giants are not paying a fair amount of taxes in Europe”.
At the moment, Peloton has not made an official announcement regarding the launch. However, one of the sources added that the company may announce the launch before the 10th of September.
For the past few days, Apple has been declining as it had its worst trading day since mid-March. AAPL is currently down 1.35% in pre-market trading.
At the time of writing, the Dow Jones was at around 28,292.73 points, having lost 807 points, which is approximately 2.78%.