๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ก๐ฒ๐๐ ๐๏ธ
๐๐ฒ๐ฎ๐๐๐ ๐ถ๐ป ๐๐ป๐ฑ๐ถ๐ฎ / ๐ฃ๐ฒ๐ฝ๐ฝ๐ฒ๐ฟ๐ ๐ป๐ฒ๐๐ฒ๐ฟ ๐๐ฒ๐๐ถ๐๐๐ฒ๐ฟ / ๐ญ๐ฎ๐ต๐น๐๐ป๐ด๐๐ฎ๐๐๐ณ๐ฎ๐น๐น ๐ด๐ฒ๐๐๐ผ๐ฝ๐ฝ๐ / ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป-ETF boom
IPOs ๐
Nykaa - On October 28, the Indian company FSN E-Commerce Ventures, the parent company of Indiaโs largest cosmetics retailer Nykaa, plans to go public and is aiming for a valuation of $7.4 billion. A total of 41,972,660 shares will be available for sale by November 1. Nykaa was founded in 2012 and already has 1,500 beauty brands in its portfolio.
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Starting today, Caterpillar Inc. ($CAT1 (+1.47%)), Kaiser Aluminum Corp. ($KLU1 (+0%)), Pmbina Pipeline Corp. ($P5P (+1.48%)), The RMR Group Inc. ($PMR (-1.2%)), Simulations Plus, Inc. ($SD3), and SM Energy Company ($SJL (+0%)) are trading ex-dividend.
๐ค๐๐ฎ๐ฟ๐๐ฎ๐น๐๐๐ฎ๐ต๐น๐ฒ๐ป ๐
Today, American Express ($AEC1 (+0.13%)), BB Biotech ($BBZA (+2.99%)), Chugai Pharmaceutical Co., Ltd. ($CUP (+5.8%)), Honeywell ($ALD), Reliance Industries Ltd. ($RLI (+0.62%)), Roper Industries Inc. ($ROP (-0.08%)), Schlumberger ($SCL (+0.36%)), and V.F. Corp. ($VFP (+1.41%)) are reporting their earnings.
๐ ๐ฎ๐ฟ๐ธ๐ฒ๐๐ ๐๏ธ
SoftBank ($SFT (+2.63%)) โ According to insiders, Japanese technology investor SoftBank is in talks with the German company United Robotics regarding the purchase of its French robotics business centered on the humanoid robot Pepper. The Bochum-based company United Robotics already collaborates with SoftBank and distributes its Pepper and Nao robots in Europe. Neither company has issued an official statement regarding the takeover rumors.
Evergrande ($EV1) - Just before the deadline, the Chinese real estate group Evergrande managed to make an interest payment worth millions. A total of $83.5 million was transferred to bondholders. As a result, the stock price temporarily rose by more than seven percent. So far in 2021, the stock has lost more than 80 percent of its value. However, additional interest payments are due soon. The next grace period for a bond expires on October 29. To be able to pay banks, suppliers, and bondholders on time, Evergrande must therefore continue to raise funds.
๐๐ฟ๐๐ฝ๐๐ผ ๐
ProShares Bitcoin Strategy ETF Update โ The ETF is so extremely popular that there is now a risk it is on track to reach the existing futures limit. One way to address this bottleneck would be to extend the investment contracts. However, this carries the risk that the fund will diverge too much from the actual Bitcoin price and will no longer track it one-to-one. The ETF created by ProShares was the first fund ever to reach more than one billion U.S. dollars in assets under management within just two days.
Solana ($SOL/EUR (-1.1%)) โ One of the strongest performers in recent days was once again SOL, the cryptocurrency of the Solana blockchain. After a 36.8% increase over the past seven days, the current price of SOL stands at $205.28, resulting in a market capitalization of $61.56 billion. SOL has thus overtaken Rippleโs XRP ($21XX (+4.83%)) and takes sixth place among the worldโs largest cryptocurrencies. One of the main reasons for SOLโs strong growth is likely the booming DeFi (Decentralized Finance) sector on the Solana blockchain. Solana differs from other blockchains, such as Ethereum or the Binance Smart Chain, due to its incredible speed and extremely low transaction fees.
