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.
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.
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.
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.
97% of the people who quit too soon are employed by the 3% who never gave up. Wall Street is considered one of the most iconic financial places on earth, where all dreams come true. It is the only place that people ride to in a Ferrari to get an advice from those who take a Subway.
Large investors, including Fidelity International, Aberdeen Asset Management, Calpers, Standard Life and Henderson Global Investors are expected to crank up pressure on boards to reduce excessive pay and introduce greater transparency in 2017.
A moment of patience in a moment of anger saves a thousand moments of regret. The same night that Donald Trump stunned pundits and became America’s President-elect, Indian Prime Minister Narendra Modi dropped a bomb of his own when he announced that his country’s 500 and 1,000 rupee notes would become worthless little slips of paper.