ibm IBM Spin-Off Faces Eight Major Concerns Heading Into 2021 IBM plans to spin off its managed infrastructure services unit, but investors and analysts still harbor significant doubts about the strategic move.
ibm IBM to Spin Off Legacy IT Unit to Focus Entirely on Cloud and AI IBM separates its Managed Infrastructure Services unit into a new public company to prioritize its high-margin hybrid cloud and AI operations. The strategic shift sends shares up nearly six percent.
stock market US Stocks Tumble After President Trump Announces Covid-19 Diagnosis Wall Street experiences a sharp sell-off as investors react to the news of President Trump's positive coronavirus test, adding fresh uncertainty to the economic recovery.
palantir Palantir's Public Market Debut Leaves Some Investors Wanting More Palantir finally goes public through a direct listing, but the highly anticipated event fails to impress certain investors. The data mining company's unique approach raises questions about its long-term market valuation.
palantir Asana and Palantir Surge in Simultaneous Direct Listings Asana and Palantir both experience massive first-day stock jumps as they bypass traditional IPOs to debut on the public market. The dual direct listings give early insiders a path to liquidity while shifting valuations well above initial reference prices.
palantir Palantir Seeks Public Listing Amid Controversy Over Government Surveillance Tech Data analytics firm Palantir files for an IPO, bringing its controversial government and military surveillance technology to the public market. The company highlights strong revenue growth despite years of heavy financial losses.
palantir Palantir and Asana Surge in Successful Direct Listing Debut Palantir and Asana both see strong gains as they successfully complete their dual direct listings, proving the alternative IPO method works for lesser-known enterprise tech firms.
palantir Data Software Firm Palantir Debuts on New York Stock Exchange Palantir starts trading publicly through a direct listing, opening at $10 per share. The data analysis company reaches an initial market valuation of $16.5 billion despite years of private market volatility.
asana Asana and Palantir Prepare for Simultaneous Direct Listings Asana and Palantir test the direct listing model as they go public on the exact same day. This unusual dual event challenges traditional initial public offering methods.
palantir Palantir and Asana Bypass Traditional IPOs With Direct Listings Palantir and Asana choose direct listings over traditional initial public offerings to go public. This alternative approach allows the companies to avoid Wall Street underwriters and let the open market set their share prices.
unity Unity Raises $1.3 Billion in Strong IPO Debut Game development toolkit provider Unity raises $1.3 billion after pricing its IPO at $52 per share. The offering values the company at approximately $13.7 billion.
cnbc CNBC Tech Check Evening Edition Highlights September Tech Market Trends CNBC's evening tech briefing for September 17, 2020, reviews the latest movements and developments in the technology sector. The episode provides a concise wrap-up of the day's most significant market shifts.
snowflake Snowflake Achieves Record-Breaking Software IPO Valuation Snowflake completes the largest software initial public offering in market history, achieving a massive valuation on its first day of trading. The cloud data warehouse company sees its stock price soar well above its initial target.
dow jones Dow Jones Ousts Exxon Mobil After 92 Years in Major Index Shake-Up The Dow Jones Industrial Average removes legacy giants Exxon Mobil, Pfizer, and Raytheon, replacing them with Salesforce, Amgen, and Honeywell to offset Apple's upcoming stock split.
palantir Palantir Technologies Files S-1 Registration for Highly Anticipated Public Debut Palantir Technologies officially files its S-1 registration statement with the SEC as it prepares to go public. The document outlines the data analytics company's financial health, risk factors, and planned distribution of shares.