Often referred to as the “Korean” Amazon, South Korean e-commerce retailer Coupang saw its share price pop — peaking at $69 a share, up 84% — after originally listing at $35/share on the NYSE last Thursday. With its IPO, Coupang raised $4.6bn in an enlarged offering after raising its share […]
The biotech industry has stolen the limelight after being pushed to the forefront of people’s minds as the world races to manufacture vaccines and restore a sense of normality. Early this month, we passed a historic milestone – the number of Covid-19 vaccinations globally finally surpassed the total number of […]
As of the time of writing, the current valuation of GameStop stands at 8.94bn USD with a closing price on January 28th of $193.60 per common unit — this is after a one-day drop of 44%. It truly is a sign of the times when in a short few days […]
Bitcoin hit an all-time high again. Of course, not before slumping shortly afterwards. It peaked at an intraday all-time high of $19,510, more than 300% above its low point in March earlier this year. It last attained such numbers in December 2017, a year which saw its value skyrocket nearly […]
Chip-manufacturing giants Taiwan Semiconductor Manufacturing Co Ltd. (TSMC) and Qualcomm have both recently reported blowout earnings, raising their revenue forecasts following a year of record highs. Worldwide sales of semiconductors totalled $113.6bn during the third quarter of 2020, an increase of 11% over the previous quarter and 5.8% more than […]
When the opening bell rang at the NYSE a few weeks ago, founder and CEO of Hyliion Inc. Thomas Healy earned the dubious distinction of becoming one of the world’s youngest self-made billionaires. With a stake in Hyliion Holdings Corp. — the newly formed company from the merger with special […]
As Japan’s longtime PM, Shinzo Abe, steps down after almost a decade of service, his successor inherits the third-largest economy which has emerged relatively unscathed from the aftermath of a cancelled Olympic games and the largest fall in GDP since records began in 1980. Yoshihide Suga was confirmed as the […]
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