Former Goldman Sachs exec Chan Ahn highlights that Nasdaq's updated index-inclusion rules may lead to over $60 billion in institutional ETF buying of SpaceX shares soon after its IPO. This is due to a 'fast entry' rule allowing SpaceX to join the Nasdaq-100 index within 15 trading days, forcing passive funds to buy shares regardless of valuation. This shift means IPO demand from institutions could coincide with initial trading, reshaping how mega IPOs are valued and traded, especially for companies in high-interest sectors like AI and space. The trend signals a growing influence of passive investing on IPO markets, potentially increasing volatility and disconnecting prices from fundamentals.
Globant reported Q1 adjusted EPS of $1.50, matching expectations, and revenue of $607.1 million, slightly above estimates. The company's AI Pods contributed significantly to growth, with annual recurring revenue reaching $32.8 million. Despite a slig...
Glancy Prongay Wolke & Rotter LLP has started a securities fraud investigation into Alphatec Holdings following the company's Q1 2026 earnings report, which missed revenue estimates and lowered its full-year outlook. Alphatec reported lower deliverie...
Revolution Medicines received FDA approval for an expanded access program for its pancreatic cancer drug, daraxonrasib, following positive Phase 3 trial results showing significant survival benefits. The drug demonstrated a median overall survival of...
SaintQuant has officially launched its AI-driven quantitative crypto trading platform, offering retail investors easy, no-code access to automated trading strategies. This launch coincides with Bitcoin surpassing $82,000 and record institutional infl...
SpaceX is expected to release its IPO prospectus soon, aiming to raise $70-75 billion and seek a valuation around $1.75 trillion, which would make it one of the most valuable public companies globally. The company's revenue is largely driven by Starl...
