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Instacart erases all gains 1 day after rising 43% on market debut

Inshorts · 1y ago

Instacart erases all gains 1 day after rising 43% on market debut

Instacart's rally is expected to lose steam following its $660 million IPO. The company faces challenges such as increasing competition from Uber and DoorDash, as well as a slowdown in the growth of online grocery sales. To boost profits, Instacart is exploring additional revenue streams such as advertising and data.

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The recent tech IPOs are flirting with negative territory

TechCrunch · 1y ago

The recent tech IPOs are flirting with negative territory

The recent IPOs of Instacart and Klaviyo initially saw their share prices rise but have since lost most, if not all, of their post-debut gains. Arm's successful listing provided hope for more exits in the tech industry, but these recent IPOs highlight the challenges of maintaining momentum in the market. Instacart went public at $30 per share, reached a high of $42.95 per share, and is now valued at $29.97 per share. Klaviyo started at $31 per share, peaked at $39.47 per share, and is currently valued at $32.15 per share.

Nifty 50 erases 2025 losses on FPI return, bargain buying

VCCircle

VCCircle · 5m ago

Nifty 50 erases 2025 losses on FPI return, bargain buying

India's Nifty 50 index reversed its year-to-date losses after a six-day rally driven by foreign portfolio investors' return and bargain hunting. It rose 1.32% to 23,658.35. The BSE Sensex also climbed 1.4% to 77,984.38. Signals of cooling inflation and increased industrial output improved market sentiment. Heavyweight financials boosted the rally, while investors remain cautious as the volatility index spiked. All major sectors gained, including key Nifty stocks Reliance and HDFC Bank.

Swiggy shares fall nearly 6% as traders book profits on Day 2 after listing

Economic Times

Economic Times · 9m ago

Swiggy shares fall nearly 6% as traders book profits on Day 2 after listing

Shares of Swiggy, the leading food delivery player, declined by 5.6% to Rs 430.30 on BSE after an initial rise of over 7% on Thursday. The company's debut on Wednesday saw its shares end the day at a 17% premium compared to the issue price of Rs 390. While investor enthusiasm may be tempered by ongoing losses and challenging market conditions, Swiggy's brand recognition, extensive network, and strong position in the food delivery market support optimism for its future growth potential. Swiggy's market capitalization crossed Rs 1 lakh crore mark on its debut day.

Sensex, Nifty snap 3-day losing streak on financial, pharma boost

VCCircle

VCCircle · 3m ago

Sensex, Nifty snap 3-day losing streak on financial, pharma boost

India's benchmark equity indexes Sensex and Nifty ended a three-day losing streak, rising 0.5% each due to gains in pharma and financial stocks, though concerns over foreign outflows remained. All major sectors advanced, with small-caps and mid-caps rising 0.4% and 0.8%, respectively. Financials increased by 0.6% and pharma by 1.3%, alleviated by U.S. Department of Health and Human Services' comments on drug price cuts. Information technology stocks also gained, boosting overall market performance.

₹1 lakh invested in Paytm on day of its market debut now worth ₹20,000

Inshorts · 1y ago

₹1 lakh invested in Paytm on day of its market debut now worth ₹20,000

Shares of Paytm parent One97 Communications hit record low of ₹380 on Tuesday. An investment of ₹1 lakh in Paytm shares on the day of its market debut is now worth approximately ₹20,000, Times Now reported. Paytm made market debut on November 18, 2021. Its shares were listed at ₹1,950 on the bourses compared to the issue price of ₹2,150.

Swiggy listing rings in robust gains for investors, employees

Economic Times

Economic Times · 9m ago

Swiggy listing rings in robust gains for investors, employees

Swiggy's successful $1.3 billion IPO and stock market debut has resulted in significant gains for investors. The company's shares listed at a premium on the stock exchanges, leading to increased total stake value. Prosus, the biggest investor, has tripled its initial investment and now holds shares worth Rs 26,507 crore. SoftBank's investment is now valued at almost $1 billion. Accel, another early backer, has seen an investment multiple of 35 times. Swiggy's CEO and co-founders have also gained substantial value from the listing. The company's market capitalization stood at Rs 1,02,062 crore by the end of the day.

Reddit users downvote stellar Wall Street debut

Reuters · 1y ago

Reddit users downvote stellar Wall Street debut

Reddit's stock market debut saw its value reach nearly $9 billion, but users on its trading forums expressed doubts about its future. Many users on Reddit's "wallstreetbets" forum questioned the outlook for the money-losing company's shares and discussed strategies for betting against it. Despite reservations, Reddit's stock surged 48% on its first day of trading, closing at $50.44 per share. The IPO's success reflects investors' increasing appetite for IPOs after a risk-averse period caused by rising interest rates in 2022. Nasdaq plans to list options on Reddit starting next week, allowing investors to bet against the stock.

Ola Electric shares rally 20% to touch fresh high

Inshorts · 1y ago

Ola Electric shares rally 20% to touch fresh high

After flat market debut last week, Ola Electric’s shares have continued to rally. On Monday (August 12), the shares of Ola Electric touched a fresh high of INR 109.41 on BSE, 20% higher compared to its previous close. The total market cap of the company stands at INR 48,258.89 Cr for the day.

Ola CEO Bhavish's listing day gains highest as compared to other startup founders

Internet

Internet · 1y ago

Ola CEO Bhavish's listing day gains highest as compared to other startup founders

Ola Electric CEO Bhavish Aggarwal's net worth rose by ₹2,010 crore after the company's shares listed on the stock exchanges on Friday. Compared to his peers, Bhavish added the most to his wealth on listing day. Falguni Nayar became richer by ₹1,879 crore through her family trust after Nykaa's market debut, while Deepinder Goyal gained ₹1,847 crore after Zomato's IPO.

ixigo Brushes Past Other New-Age Tech Stocks With 25% Gains In First Four Sessions

Inc42 · 1y ago

ixigo Brushes Past Other New-Age Tech Stocks With 25% Gains In First Four Sessions

Shares of ixigo, a leading Indian travel platform, experienced a strong market debut as it listed at INR 135 on the Bombay Stock Exchange (BSE). By the end of the week, the company's shares had increased to INR 169.18, marking a gain of 25.3% in just four trading sessions. This resulted in ixigo's market capitalization rising to INR 6,554.43 crore ($784.4 million) from INR 6,275.87 crore ($752.2 million) at the end of the listing day.

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