52.25 +0.33 (0.64%)
After hours: 7:59PM EST
Previous close | 54.29 |
Open | 54.62 |
Bid | 52.20 x 1100 |
Ask | 52.25 x 1100 |
Day's range | 51.53 - 55.52 |
52-week range | 13.71 - 60.03 |
Volume | 25,488,890 |
Avg. volume | 22,671,832 |
Market cap | 96.121B |
Beta (5Y monthly) | N/A |
PE ratio (TTM) | N/A |
EPS (TTM) | -3.98 |
Earnings date | 10 Feb 2021 |
Forward dividend & yield | N/A (N/A) |
Ex-dividend date | N/A |
1y target est | 57.25 |
(Bloomberg) -- The world’s biggest internet initial public offering since Uber Technologies Inc. is set to make this the best start to a year for stock listings in Asia since 2010.Kuaishou Technology’s Hong Kong IPO of as much as $5.4 billion will push the amount raised through first-time share sales in the region in 2021 to $9.93 billion, the most for a January month in 11 years, data compiled by Bloomberg show. Almost $11 billion was raised in January 2010.The bumper start comes against a backdrop of ebullient regional markets that continue to hit records amid a flood of liquidity from central banks trying to stave off the economic damage from the coronavirus pandemic.The continuing boom in Asia share listings follows on from the trend seen last year globally, where investors piled into offerings in search for returns, sending company valuations soaring on their debuts. Globally, IPOs are having their best start to the year on record, driven predominantly by listings in the U.S. which account for 85% of proceeds worldwide, Bloomberg-compiled data show.Blank check companies are continuing their fundraising spree from last year, with almost $24 billion raised in the U.S. so far. That represents 66% of the money fetched from first-time share sales globally. The blank check IPOs are spreading to Asia too, with many eyeing assets in the region.The latest was a $260 million IPO by Bridgetown 2 Holdings Ltd., a special purpose acquisition company backed by billionaires Richard Li and Peter Thiel, that is targeting businesses in the technology, financial services or media sectors in Southeast Asia.Kuaishou, the operator of China’s most popular video service after ByteDance Ltd.’s Douyin, appears to have picked the right time to go public. The Tencent Holdings Ltd.-backed startup will stop taking orders from institutional investors two days earlier than planned, a sign of very strong investor demand. It has already reserved around 45% of the shares it is offering for high-profile cornerstone investors.Earlier IPOs have also proved popular with investors, particularly mom and pop buyers. Health-care technology company Yidu Tech Inc. soared 148% on its debut this month after retail investors put in orders for 1,634 times the shares initially made available to them.(Updates with data on global IPOs in fourth, fifth paragraphs)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
In the latest trading session, Uber Technologies, Inc. (UBER) closed at $54.29, marking a -0.04% move from the previous day.
Liz Meyerdirk made a name for herself at Uber as the senior director and global head of business development for the company's Uber Eats business and she's now turning her attention to women's health as the new chief executive of The Pill Club. The move comes at a perilous time for the remote delivery of women's healthcare as the Supreme Court has taken steps to limit the provision of sexual healthcare to women in recent months. "Women’s healthcare has never been more tested than right now," Meyerdirk noted in a blog post announcing her new role.