Memory chip giant SK Hynix plunged further in South Korea on Monday, just one trading day after its successful debut on the Nasdaq. Shares listed on the Korea Stock Exchange closed down 15.4% (the steepest drop in the stock’s history) as investors locked in profits after a months-long rally and the company’s closely watched ADR
SpaceX has taken off and now Wall Street believes the stars are the limit. Elon Musk’s rocket company made its debut on the Nasdaq 100 index on Tuesday, weeks after raising $85.7 billion in the largest initial public offering in history. Joining the Nasdaq opens SpaceX to a wave of passive buying, in which investors
IQM, a full-stack quantum company from Finland, went public on the Nasdaq on Thursday via a SPAC merger at a valuation of around $1.9 billion. But stock prices did not rise. They spent most of the day below the IPO price – a lukewarm welcome. SPAC mergers don’t tend to be immediately popular with retail
