Tuesday, May 18, 2021

NYSE sets Squarespace's reference price at $50 per share for its direct listing on Wednesday, which would give the company a market value of about $6.8B (Bloomberg)

Bloomberg:
NYSE sets Squarespace's reference price at $50 per share for its direct listing on Wednesday, which would give the company a market value of about $6.8B  —  - Web-hosting service going public via direct listing Wednesday  — Squarespace was valued at $10 billion in March funding round



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IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 results below estimates (CNBC)

CNBC : IBM stock fell 25%+ on Tuesday, sinking further than its previous worst day of October 19, 1987, after reporting preliminary Q2 re...