In North America, Tesla’s value far exceeds that of the two other biggest manufacturers, General Motors and Ford, which have market caps of $59.57 billion and $40.02 billion respectively. Cordell Eminent Scholar Jay Ritter told Newsweek that with its current market cap,
Jay Ritter Articles: page 2
USA Today | Trump Media shares fall after he transfers his stake to revocable trust
Trump transferred 114.75 million shares, or 53% of Trump Media & Technology Group’s outstanding stock, to a revocable trust of which he is the sole beneficiary, according to securities filings released Thursday evening. Shares fell more than 7% Friday morning
The Economist | Tesla, Intel and the fecklessness of corporate boards
IPO data collected by Cordell Eminent Scholar Jay Ritter informs this story highlighting that too many directors at American companies aren’t doing their job. Read more from The Economist.
The Wall Street Journal | IPOs Are So Passé. Here’s How Employees Are Getting Rich Now.
For years, the biggest startup founders would dream of an initial public offering. It was the key to raising capital, drumming up attention and rewarding longtime employees and early investors with a big payout. Not any more. These days, many
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USA Today | This anti-‘woke’ investor is wooing Trump voters. His first target: Starbucks
At President-elect Donald Trump’s Mar-a-Lago Club Thursday, James Fishback, CEO and co-founder of Azoria Partners, unveiled a new anti-“woke” investment fund, the Azoria 500 Meritocracy ETF, that will mirror the S&P 500 index except in one respect: It will not include
MarketWatch | Pony AI’s Nasdaq debut signals possible thaw in U.S. stock-market listings by Chinese companies
Autonomous-driving company Pony AI Inc.’s newly issued stock fell nearly 8% below its offering price of $13 a share Wednesday as the biggest initial public offering in months for a Chinese company began trading. The Pony AI offering potentially sets
The Washington Post | Truth Social investors hoped to get ‘very rich’ after Trump’s win. Not quite.
Trump Media & Technology Group’s revenue and share price have sagged as its losses have piled up. The president-elect’s return to the White House could complicate things even more. Cordell Eminent Scholar Jay Ritter shares his insights in this story
USA Today | Trump’s social media company in talks to buy crypto firm Bakkt, FT reports
Donald Trump’s social media company ended the trading day up Monday on reports it’s looking to buy crypto trading firm Bakkt. Shares of Bakkt, backed by NYSE-owner Intercontinental Exchange, skyrocketed more than 160% and were halted multiple times due to volatility.
The IPO window could reopen after 2 brutal years amid Trump trade ‘exuberance’
Investors have been waiting for the US IPO market to thaw after two challenging years. Donald Trump’s election win may help do just that. Since Trump’s victory last week, the stocks of investment banking leaders including Morgan Stanley, Goldman Sachs, JPMorgan,
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Klarna IPO emerges as fintechs gain traction and bankers signal more interest in stock debuts
Klarna, the buy-now-pay-later company, aims to tap into revival of interest in stocks like Affirm and SoFi with its recent IPO. With shares of other financial-technology, or fintech, companies such as Sofi Technologies Inc. on fire in recent weeks and