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Reuters
a day ago
- Business
- Reuters
Stablecoin issuer Circle raises $1.05 billion in upsized US IPO
June 4 (Reuters) - Circle Internet on Wednesday priced its upsized U.S. initial public offering at $31 apiece raising $1.05 billion, adding fresh momentum to a growing pipeline of late-stage cryptocurrency firms eyeing public markets. Circle and its shareholders sold 34 million shares at $31 apiece, valuing the company, which issues the USDC stablecoin, at roughly $8 billion on a fully diluted basis. The IPO had been marketed in a range of $27 to $28 per share. The company's flotation would be one of the biggest of the year after the Trump administration's trade policies rattled markets and pushed firms planning to go public to adopt a wait-and-see approach. However, market debuts of companies such as Israeli fintech eToro have offered some respite to investors tracking fresh public offerings.
Associated Press
28-05-2025
- Business
- Associated Press
Reddit Set to Join Russell® 3000 Index
SAN FRANCISCO--(BUSINESS WIRE)--May 28, 2025-- Reddit, Inc. (NYSE: RDDT) is set to join the broad-market, widely held Russell indexes later this quarter. Reddit debuted on the public markets in March 2024 as RDDT and remains one of the most visited websites in the world. Reddit retains an important position in the data and AI landscape with 100,000+ communities about nearly any topic and the largest corpus of human conversation on the internet today. As part of the recent 2025 Russell indexes reconstitution, a preliminary list of additions including Reddit was posted on May 23, 2025. Reddit will be added to the Russell 3000 index at the close of business June 27, 2025. In addition, Reddit will also be automatically added to either the Russell 2000 or Russell 1000 index. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes. 'Being included in the Russell index is a meaningful milestone for Reddit. It puts us in good company and is a testimony to the platform we've built with our communities,' said Steve Huffman, Co-Founder and CEO of Reddit. 'As we grow, we aim to join other leading indexes and believe Reddit's unique strengths—our communities, content, and culture—position us well for the road ahead.' Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. According to data as of the end of June 2024, about $10.6 trillion in assets are benchmarked against the Russell US indexes, which belong to FTSE Russell, the global index provider. For more information on the Russell 3000® Index and the Russell indexes reconstitution, go to the 'Russell Reconstitution' section on the FTSE Russell website. About Reddit Reddit is a community of communities. It's built on shared interests, passion, and trust and is home to the most open and authentic conversations on the internet. Every day, Reddit users submit, vote, and comment on the topics they care most about. With 100,000+ active communities and 108+ million daily active unique visitors, Reddit is one of the internet's largest sources of information. For more information, visit About FTSE Russell, an LSEG Business FTSE Russell is a global index leader that provides innovative benchmarking, analytics and data solutions for investors worldwide. FTSE Russell calculates thousands of indexes that measure and benchmark markets and asset classes in more than 70 countries, covering 98% of the investable market globally. FTSE Russell index expertise and products are used extensively by institutional and retail investors globally. Approximately $18.1 trillion is benchmarked to FTSE Russell indexes. Leading asset owners, asset managers, ETF providers and investment banks choose FTSE Russell indexes to benchmark their investment performance and create ETFs, structured products and index-based derivatives. A core set of universal principles guides FTSE Russell index design and management: a transparent rules-based methodology is informed by independent committees of leading market participants. FTSE Russell is focused on applying the highest industry standards in index design and governance and embraces the IOSCO Principles. FTSE Russell is also focused on index innovation and customer partnerships as it seeks to enhance the breadth, depth and reach of its offering. FTSE Russell is wholly owned by London Stock Exchange Group. For more information, visit FTSE Russell. View source version on CONTACT: Investor Relations Jesse Rose [email protected] Relations Gina Antonini [email protected] KEYWORD: CALIFORNIA UNITED STATES NORTH AMERICA INDUSTRY KEYWORD: TECHNOLOGY SOCIAL MEDIA COMMUNICATIONS INTERNET SOURCE: Reddit, Inc. Copyright Business Wire 2025. PUB: 05/28/2025 08:26 AM/DISC: 05/28/2025 08:25 AM
Entrepreneur
24-05-2025
- Business
- Entrepreneur
Comparing Public and Private Investment Performance
In recent market discussions, experts have highlighted the advantages of private investment vehicles over traditional public market options such as the S&P 500. The analysis explains how private equity and... This story originally appeared on Due In recent market discussions, experts have highlighted the advantages of private investment vehicles over traditional public market options such as the S&P 500. The analysis explains how private equity and credit can improve returns while lowering investors' risk exposure. By comparing historical performances and risk metrics, the discussion offers insight into evolving market dynamics in which fewer companies choose the public route. Shifting Trends In The Market One key observation is that there are far fewer publicly traded stocks today than in past decades. Around the year 1997, the public market contained many more listings. However, as the economy has expanded over time, many companies have chosen to remain private. This shift allows these companies to focus on long-term growth rather than being pressured by short-term quarterly reports. Investors now see distinct advantages in this change. With fewer stocks on the public market, the S&P 500 delivers competitive returns while keeping risk in check. Compared to a diverse portfolio of public companies, private entities benefit from a management approach prioritizing gradual growth over immediate earnings figures. View this post on Instagram Private Equity And Its Performance The conversation on investments has turned toward private equity funds as a means to potentially outperform the widely followed S&P 500 index. A private equity fund has shown impressive gains since its inception, reportedly delivering returns three times greater than the S&P 500 in similar time frames. Over the last three years, this fund has achieved returns 73% higher than the benchmark index. Such strong performance is not without its context. The analysis reveals that losses would have been limited even if an investor were to buy at a low point and sell at a low point. For instance, in the worst-case scenario, the private equity fund would have dropped by 4.5%, while the S&P 500 fell by 24.5% during the same period. Even in unfavorable market conditions, the fund demonstrated resilience with lesser losses compared to the S&P 500. These figures are presented net of fees, emphasizing the effective performance in terms of both gains and risk management. Investors considering private equity can capture these benefits while distancing themselves from some of the volatility seen in public markets. Private Bonds And Risk Management Private credit, often called private bonds for clarity, is another area that has garnered interest. One fund focused on private credit has shown an annual return 4% higher than similar standard market options since its inception. A key point in this discussion is how investors measure risk. Standard deviation remains a widely accepted metric for risk. In this instance, the private credit fund has shown a figure that is 93% lower in standard deviation compared to the S&P 500. This indicates much lower volatility and points to a smoother performance over time. The reduced risk in these private credit funds suggests that investors may be better protected against sharp market fluctuations in turbulent times. Many are hoping to ensure a more secure growth trajectory by opting for investments with more stable risk metrics. Core Findings And Insights The analysis rests on several critical findings that shed light on today's investment options: The S&P 500 is praised for its consistent performance and lower risk relative to many other public investments. The number of publicly traded stocks has decreased significantly over the past few decades. This is due in part to more firms opting to stay private to prioritize long-term goals. Private equity funds have demonstrated higher returns, where one sample fund noted returns three times that of the S&P 500 since its inception. Even on the worst trading days, the decline in private equity investments was considerably less severe compared to the public market index. Private credit funds show stable performance with an annual return increase of about 4% and drastically lower fluctuations, as indicated by a 93% lower standard deviation than the S&P 500. These points highlight a trend among investors seeking more stable and rewarding alternatives to the traditional public markets. Evaluating The Risk And Return Balance Risk and return are the two sides of every investment decision. Investors are often drawn to the high returns of private equity and credit funds. However, they also prioritize the stability that comes with reduced risk. The discussion emphasizes that investment choices made in private markets can result in higher returns and lower negative impacts during market downturns. In specific numbers, a potential decline of only 4.5% in private equity funds during low periods contrasts sharply with a 24.5% plunge experienced by the S&P 500 in similar situations. Investors also note that presenting performance figures net of fees makes for a fairer assessment. Considering the actual returns that investors take home after expenses, the superiority of some private funds becomes evident. The Strategic Value Of Private Investments The trend of companies choosing to remain private plays a significant role in shaping investment strategies. Without the constant pressure of quarterly earnings reports, businesses can evolve with a focus on strategic, long-term performance. This change benefits the companies themselves and yields attractive opportunities for investors. Private investments allow fund managers to take a longer view on growth. They are less likely to be swayed by short-term market disturbances or fleeting trends. This long-term stability often provides a more secure foundation for continuous value creation. Investors looking for ways to diversify their portfolios have begun including options from private markets. The data shows attractive performance numbers from private equity and credit funds, offering a blend of elevated returns and significantly less risk. Looking To Future Investment Strategies The insights provided suggest that traditional investments such as the S&P 500 continue to have their merits. Yet, as companies increasingly opt for remaining private, alternative funds are seeing improved returns and better control over risk. Evaluating both performance and stability can help investors make more informed decisions. With a market that has transformed dramatically since the late 1990s, today's investors have a wider range of options. Many now believe that private equity and private credit funds offer substantial value, particularly when considering the long-term growth model many private companies adopt. The shift in business structures and strategies that favor private investments creates new avenues for potentially enhanced financial performance. These findings urge investors to re-examine traditional investment approaches and explore alternatives that might generate a steadier return. Financial advisors and market analysts point out that a diversified approach may incorporate both public and private investments. This balanced model allows investors to harness the reliable nature of the S&P 500 while tapping into the unique growth potential of private-focused funds. Final Considerations The analysis illuminates the need to adopt a broader perspective when managing investment portfolios. While the S&P 500 remains a strong indicator of market performance, private equity and credit have shown they can achieve superior returns with decreased risk. The question is how best to blend different investment types for a resilient and balanced portfolio. Investors may find that including private investments in their strategies helps them navigate market fluctuations more effectively. The demonstrated results from these funds offer a compelling case for considering private equity and credit as viable alternatives. With improved returns and lower drawdowns during market stress, these options deserve further exploration. Looking ahead, potential investors are encouraged to assess their risk tolerance and goals. A thorough understanding of market changes and performance metrics is essential for developing strategies that can lead to long-term success. The post Comparing Public and Private Investment Performance appeared first on Due.
Bloomberg
23-05-2025
- Business
- Bloomberg
Surge of Successful Tech IPOs Gives Hope to Silicon Valley Startups
Welcome to Tech In Depth, our daily newsletter with reporting and analysis about the business of tech from Bloomberg's journalists around the world. Today, Katie Roof and Kate Clark report on the light at the end of the tunnel for Silicon Valley tech startups after a few recent successful debuts in the public markets. AI megaproject: OpenAI is helping G42, an AI company backed by the United Arab Emirates' sovereign wealth fund, build a massive data center under its 'Stargate' brand in Abu Dhabi.
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Versamet Commences Trading Today on TSX Venture Under Symbol "VMET"
Vancouver, British Columbia--(Newsfile Corp. - May 20, 2025) - Versamet Royalties Corporation (TSXV: VMET) ("Versamet" or the "Company") announces that its common shares will commence trading on the TSX Venture Exchange (the "TSX-V") today under the symbol "VMET". "Our listing on the TSX Venture Exchange is a significant milestone for Versamet as we enter the public markets," said Dan O'Flaherty, CEO of Versamet. "With a portfolio of high-quality streams and royalties already generating meaningful free cash flow, and multiple near-term catalysts expected to drive forecasted 2026 production to between 14,000 and 16,000 gold equivalent ounces, we believe Versamet is firmly on the path to becoming the leading emerging gold-copper royalty and streaming investment. Supported by strong corporate partners and a seasoned team, we are well-positioned to deliver long-term value for our shareholders." For more information about Versamet Royalties, please visit our website at General inquiries email: info@ Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. The scientific and technical information contained in this news release has been reviewed and approved by Diego Airo, Vice President of Evaluations for Versamet and a member of the Association of Professional Engineers and Geoscientists of the Province of British Columbia. Mr. Airo is a Qualified Person as defined in the National Instrument 43-101 - Standards of Disclosure for Mineral Projects. Cautionary Note Regarding Forward-Looking Information This press release contains "forward-looking information" and "forward-looking statements" within the meaning of applicable securities legislation. The forward-looking statements herein are made as of the date of this press release only, and the Company does not assume any obligation to update or revise them to reflect new information, estimates or opinions, future events or results or otherwise, except as required by applicable law. Often, but not always, forward-looking statements can be identified by the use of words such as "plans", "expects", "is expected", "budgets", "scheduled", "estimates", "forecasts", "predicts", "projects", "intends", "targets", "aims", "anticipates" or "believes" or variations (including negative variations) of such words and phrases or may be identified by statements to the effect that certain actions "may", "could", "should", "would", "might" or "will" be taken, occur or be achieved. Forward-looking information in this press release includes, but is not limited to, statements relating to: the Company's common shares trading on the TSX-V today; multiple near-term catalysts expected to drive forecasted 2026 production to between 14,000 and 16,000 gold equivalent ounces; being on the path to becoming the leading emerging gold-copper royalty and streaming company; and being well-positioned to deliver long-term value for our shareholders. Forward-looking statements and information are subject to various known and unknown risks and uncertainties, many of which are beyond the ability of Versamet to control or predict, that may cause Versamet's actual results, performance or achievements to be materially different from those expressed or implied thereby, and are developed based on assumptions about such risks, uncertainties and other factors set out herein, including, but not limited to, the risk factors set out under the heading "Risk Factors" in the Company's final non-offering long form prospectus dated May 12, 2025 available for review on the Company's profile at Such forward-looking information represents management's best judgment based on information currently available. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management's beliefs, estimates or opinions, or other factors, should change. No forward-looking statement can be guaranteed and actual future results may vary materially. Accordingly, readers are advised not to place undue reliance on forward-looking statements or information.
