Mulesoft's IPO Exceeds Snap on First Trading Day
MuleSoft shares popped 46% in their trading debut, beating Snap for the best first day IPO gains so far this year. The company priced its 13 million share offering at $17 a share on Thursday, above the expected range of $14 to $16. Shares closed at $24.75 a share, after reaching a high of $25.92. The San-Francisco software company raised money from investors like Salesforce Ventures and Lightspeed Ventures Partners.
- 18/03/2017
- 3
A New Era in HSBC
This past Monday, HSBC, Europe's biggest bank, appointed insurance veteran and AIA Group boss Mark Tucker as chairman to replace Douglas Flint, who plans to step down in 2017. A one-time professional footballer who has held several leadership jobs including running Britain's Prudential, Mr Tucker will take over as group chairman designate from 1st September and as non-executive group chairman on 1st October.
- 14/03/2017
- 1
The Rise of Female Hedge Fund Managers
Women have a long way to go on Wall Street, and nowhere is this more true than in the hedge fund industry, where only 15% of CEOs are female. However, there is a positive news, hedge funds run by women have outperformed a broader benchmark of alternative investment managers over the past five years, raising fresh questions about why there are so few female portfolio managers.
- 13/03/2017
- 1
Fintech and The European Monetary Union
During the past couple of months, the eurozone is witnessing a wave of populism following the rise of terrorism and the continuing sovereign debt crises. By entering the european monetary union, countries have not just given up their national currency, but have also equally given up their monetary policy freedom, leaving them only with fiscal policies to counter various shocks to their economy.
- 12/03/2017
- 1
Deutsche Bank Plans to Raise an €8bn Capital Increase
The German bank is preparing for a potential capital increase of about 8 billion euros, seeking to strengthen its balance sheet and free up funds for strategic investments after years of restructuring. Deustche bank is also examining several strategic measures, including an initial public offering of a minority stake in its asset management business as well as retaining its Postbank unit and integrating it into its other German retail business.
- 04/03/2017
- 0
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