Latest news with #post-IPO
Yahoo
7 days ago
- Business
- Yahoo
Circle Shares Rocket 20% Premarket After IPO Surge
Circle Internet Group (NYSE:CRCL) kicked off Friday with a 20% premarket pop, building on Thursday's epic 169% debut when shares soared to $83.54 from the $31 IPO price. Thursday's upsized offering raised nearly $1.1 billion by selling 34 million shares at $31 eachwell above the originally marketed $27$28 range and far beyond last week's $24 $26 window. As issuer of the USDC stablecoin, Circle boasts a circulating supply near $61.5 billion, underscoring why investors piled in: USDC sits just behind Tether as the second-largest stablecoin, and demand for stable, USD-pegged tokens has surged amid broader crypto volatility. Circle's IPO success reflects Wall Street's growing appetite for fintech plays that offer digital-currency exposure without direct crypto price swings; Circle earns revenue from transaction fees and interest-bearing reserves, a model that resonated after the IPO price hike. Behind the scenes, Circle plans to channel this fresh capital into expanding USDC's global footprint, bolstering partnerships with financial institutions, and developing new products to bridge traditional finance with digital currency rails. Even after such a blockbuster debut, the company is under pressure to prove that USDC growth and partnerships can sustain long-term revenue. Investors should care because Circle's performance is a bellwether for the stablecoin sector's credibility in public markets: a sustained rally could spur more crypto infrastructure firms to seek listings, while any stumble might spook a market still digesting regulatory uncertainty around digital assets. Looking ahead, traders will zero in on Circle's upcoming quarterly report for metrics like USDC transaction volumes, net interest income, and new partnership announcements, which will be crucial in determining whether CRCL can maintain its momentum or settle into more typical post-IPO trading patterns. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
05-06-2025
- Business
- Yahoo
Will This Profitable IPO Follow CoreWeave's Lead?
Shares of new issue eToro Group are near new highs as the trading platform shakes off a post-IPO dip and nears a buy point and other IPO stocks rally. EToro stock is forming an IPO base with a 74.28 buy point, according to IBD MarketSurge pattern recognition. Like many new issues, eToro stock has been volatile.
CNBC
27-05-2025
- Business
- CNBC
Stocks making the biggest moves premarket: Tesla, Informatica, Newmont, CoreWeave and more
Check out the companies making headlines before the bell. Newmont — The gold miner's stock shed 2% alongside the decline in the precious metal's price. Spot gold, considered a safe haven, was down 1.5% after President Donald Trump delayed tariffs on the European Union. Tesla — Shares of the electric vehicle maker rose more than 2% after CEO Elon Musk said in a Saturday post on X he will give greater attention to his companies, writing: "I must be super focused on /xAI and Tesla (plus Starship launch next week), as we have critical technologies rolling out." Musk has been criticized for focusing too much on his work with the Trump administration. Tesla has notably suffered due to Musk's political work, and its Europe April sales were down 49% year-on-year , according to fresh data from the European Automobile Manufacturers' Association. CoreWeave — Shares rose more than 4%, even after the stock got its first Wall Street downgrade since its post-IPO rally. Barclays downgraded CoreWeave to equal weight from overweight on Monday, saying it is optimistic on the stock for the long run but that short-term upside is limited. Informatica , Salesforce — Informatica shares jumped 6.5% on news that the cloud data management company is being acquired by Salesforce, whose shares rose 1%. The deal is valued at $8 billion and is expected to boost Salesforce's AI component. A deal between the two companies fell apart last year. PDD Holdings — The U.S.-listed shares of the Chinese online retailer tumbled more than 20% after the company posted disappointing first-quarter earnings results , amid rising trade tensions between the U.S. and China. The parent company of Temu posted revenue of 95.67 billion yuan ($13.28 billion) that fell short of the FactSet consensus estimate of 103.13 billion yuan ($14.32 billion). Trump Media & Technology Group — Shares of the Truth Social parent company jumped about 9% after the Financial Times reported that the company plans to raise $2 billion in fresh equity and $1 billion through a convertible bond, in order to spend on cryptocurrencies. SoundHound AI — Piper Sandler initiated coverage of the AI stock with an overweight rating, leading shares 4.3% higher in early morning trading. The firm highlighted several areas SoundHound can expand its growth runway, including further integration of its conversational AI technology into auto. Champion Homes — Shares of the company, which produces of factory-built housing in North America, slipped 1.5% on the back of lackluster fourth-quarter financial results. Champion posted adjusted earnings of 65 cents per share on revenue of $593.9 million, while analysts polled by FactSet called for earnings of 76 cents per share, excluding items, on revenue of $595.4 million. Champion also announced an agreement to acquire Iseman Homes, which sells manufactured and modular homes in the Midwest. — CNBC's Sarah Min, Jesse Pound and Michelle Fox contributed reporting.
Yahoo
14-05-2025
- Business
- Yahoo
Why eToro Stock Is Skyrocketing Today
eToro began trading on the Nasdaq, opening well above its IPO price. The company's net income skyrocketed from 2023 to 2024. 10 stocks we like better than eToro Group › Shares of eToro (NASDAQ: ETOR) are soaring in their trading debut on Wednesday. The stock and crypto trading platform's shares surged 28.2% as of 2:20 p.m. ET after opening at $69.69, which was 34% above its initial public offering (IPO) price of $52. The impressive debut comes as the S&P 500 was flat while the Nasdaq Composite gained 0.5%. The trading app's stock began trading today. The successful IPO signals potential renewed interest in public offerings. eToro's IPO raised nearly $310 million after selling roughly 6 million shares at $52 each, above the expected price range of $46 to $50. An additional 6 million shares were sold by existing investors. The ability to price above the expected range and see significant first-day gains was a positive sign for the rest of the market. Recent high-profile IPO filings from fintech company Chime and digital physical therapy provider Hinge Health suggest that IPOs may soon have the resurgence many expected from the reelection of Donald Trump. eToro reported that its net income increased almost 13-fold last year to $192.4 million from $15.3 million in 2023. Much of this was from its exposure to the crypto market. For the first quarter of 2025, eToro expects crypto assets to account for 37% of its commission from trading activities. This is actually down from 43% a year earlier, but that is more a reflection of the broader market activity than the company's operations. I would wait until the post-IPO volatility calms down before investing, but eToro looks to be headed in the right direction and is a solid pick. Before you buy stock in eToro Group, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and eToro Group wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $613,951!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $796,353!* Now, it's worth noting Stock Advisor's total average return is 948% — a market-crushing outperformance compared to 170% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of May 12, 2025 Johnny Rice has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Why eToro Stock Is Skyrocketing Today was originally published by The Motley Fool Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
