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The debut of the social Internet service Pinterest in the stock market on Thursday last week showed investor interest in its shares, which, following the results of the IPO, rose by almost 30%. Thus, the cost of Pinterest was estimated at approximately $16 billion. This IPO, as well as the planned initial public offering of Uber, reinforces interest in the US IPO market. Pinterest Chief Financial Officer Todd Morgenfeld stated that the company was working to create a better version of Pinterest in the next few years. During trading on Friday, its shares were traded at $23.75 per share, which is higher than their value of $19 during the IPO. At the close of trading, their price rose to 24 dollars 40 cents per share.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
Oil prices climbed on Wednesday after U.S. crude inventories fell against analysts’ expectations, prompting a boost in the market amid the coronavirus resurgence. Brent crude futures gained 0.3%, or 14 cents, at $43.36 per barrel. U.S. ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
On Monday, Deutsche Bundesbank’s President Jens Weidmann said in a newspaper interview that Germany would toughen its auditing and accounting regulations to prevent another scam like the Wirecard scandal. Wirecard AG (WDI), a financial ...
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