Al Ansari Financial Services experienced an upswing in the value of its shares after instituting 2023’s first Dubai IPO.
When Virgin Orbit went public, its valuation was pegged at around $4 billion, however, the tides have shifted over the past few months with the company’s market capitalization now pegged at around $65.38 million.
According to the company, it has plans to produce a total of 1.8 million vehicles with the total delivery expectations pegged around that figure.
As the events in the banking ecosystem riled the market, tech stocks that are generally known to power growth underperformed for the month.
Like many other automakers, Nikola has been struggling to stay afloat in the sinking water of macroeconomic constraints.
Meanwhile, Electronic Arts dropped its booking expectation last month as consumers began to slow down on spending.
The Alibaba growth sentiment has spread to the entire Chinese sector with the shares of other competing firms soaring following the news.
The Lucid CEO said the company remains committed to expanding globally despite cutting headcounts.
Chinese e-commerce giant Alibaba has confirmed plans to split into smaller groups to allow each one pursue independent IPO.
Binance reportedly assisted United States law enforcement in freezing and seizing over $125 million in 2022 and more than $160 million YTD.
A source confirmed that the latest development would impact employees within major divisions of Walt Disney.
Since the collapse of Silicon Valley Bank, several industry stakeholders have been doing all they can to help cushion the pangs in the firm to help prevent it from collapsing.
Ark Invest is also interested in Jack Dorsey’s payment firm Block after short-seller Hindenburg Research published a damning report on the company.
First Citizens has acquired failed bank Silicon Valley and will open former SVB branches today as First Citizens Bank and Trust Company.
A UK competition regulator eases off slightly on the Microsoft-Activision deal, sending the gaming publisher’s shares soaring.