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AutoStore wants to go public / Ford makes 'Ford'step / Get off the hamster wheel
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Today is the deadline for Main Street Capital ($13M (+1,39%)) and Philip Morris ($4I1 (+0,22%)).
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Today, Borussia Dortmund ($BVB (+0,95%)), HELLA ($HLE (-0,06%)) and Micron Technologies ($MTE (+0,37%)) will present their figures.
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๐ข๐๐๐ฃ๐๐๐ซ - California-based hair care products maker plans to go public this week. OLAPLEX, which was founded in 2014 and bought by private equity firm Advent International in 2019, expects to have an enterprise value of $10.4 billion on the American stock exchange. It will offer 67 million shares for between $14 and $16 per share.
๐๐๐๐ผ๐ฆ๐๐ผ๐ฟ๐ฒ - The Norwegian company, which develops fully automated and robotic warehouse systems, is also planning an IPO next month on the Oslo Stock Exchange. The IPO is expected to have a market value of about $12 billion. The company is largely backed by Japanese tech investor SoftBank, which holds a 40 percent stake in AutoStore. AutoStore's systems are already being used by large companies such as Puma () and Ikea (). Last year, AutoStore reported sales of $182 million. Sales of over 300 million are forecast for the end of 2021 and 500 million the following year.
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๐ฅ๐ผ๐ต๐๐๐ผ๐ณ๐ณ๐ฒ - European Brent oil prices rise above $80 for the first time in 3 years. Gas shortages in the UK and parts of Europe are the catalyst of this, according to analysts, as diesel and gasoline are substitutes for gas in many cases. Therefore, if gas shortages continue, prices can be expected to continue to rise as winter is still ahead.
In addition, there is a shortage of supply due to the hurricane season in the United States. Since Hurricane Ida at the end of August, the region has produced a total of 74.4 million barrels (1 barrel = ~159 liters) less than planned.
๐๐ผ๐ฟ๐ฑ ($FMC1 (+0,78%)) - The U.S. automaker plans to invest about $11 billion in the electric pick-up truck division together with South Korean battery maker SK Innovation. Ford plans to shoulder the bulk of the investment and hire about 11,000 new employees at its plants in Kentucky and Tennessee. SK, on the other hand, has announced plans to build three more plants to meet demand.
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๐๐ฎ๐บ๐๐๐ฒ๐ฟ - Since June 2021, Mr. Goxx the hamster has been trading cryptocurrencies in his purpose-built box. The performance that the rodent has been able to record is remarkable. Currently, the hamster has been able to outperform both the S&P 500 and Bitcoin. The hamster's portfolio is currently up 24 percent. The hamster makes the decision to buy or sell a security by going through either the buy or sell tunnel. A graphic of the hamster's cage structure can be found attached to the post. You can follow the development of the hamster portfolio via its Twitter page @mrgoxx.