ABNB and DASH are looking to raise $6.2 billion — more than double the total for the entire month last year. Including other deals like Roblox and ContextLogic, the IPO market is on pace for the busiest December ever.
The S&P 500 rose 1.7 percent between Friday, November 27, and Friday, December 4. It was the index’s fourth gain in the last five weeks. Other key benchmarks including the Dow Jones Industrial Average, Nasdaq-100, Russell 2000 and Dow Jones Transportation Average also closed at record highs.
In a little over six months, the stock price increased from a closing low of US$31.73 in December 2018, to reach a high close of US$43.20 on July 11. That’s a healthy 36% rise, which is clearly nothing to sneeze at.
The company was established by CEO Ari Emanuel in 1995, and
since then the company has made dozens of acquisitions, including merging with William
Morris Agency (WMA) in 2009 and acquiring IMG in 2014 to form this global
leading entertainment agency Endeavor.
The Golden Dragon Index ($HXC) has surged 9 percent in the last month and is up 28 percent so far in 2019. That’s more than twice the gains of the Nasdaq-100 and SPDR Technology Fund (XLK) over the same periods.
While its stock ticker –
VNOM – is enough to get your attention, Viper Energy Partners has more than an unconventional acronym behind its stellar performance.
Alibaba has barely been
trading at the NYSE for five years. The company had its IPO on 18th September 2014, and by close of trade, Alibaba had raised US$25 billion. It’s still the world’s highest IPO valuation to date. The next morning, when Alibaba officially started its run in the NYSE, the company was valued at US$231 billion, a figure it has doubled in half a decade. It holds position 9 in the list of the Top 10 global companies by brand value.