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ADARx Pharmaceuticals shares soar in Nasdaq debut after upsized IPO

ADARx Pharmaceuticals shares soar in Nasdaq debut after upsized IPO

Sept 25 (Reuters) - Shares of ADARx Pharmaceuticals rose 30% above their initial public offering price on Friday after the late-stage gene therapy developer raised $446.3 million in an upsized US initial public offering. The shares opened at $22.10, above their IPO price of $17.
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City Therapeutics files for US IPO as biotech listings surge

City Therapeutics files for US IPO as biotech listings surge

Sept 24 (Reuters) - City Therapeutics filed for a US initial public offering on Thursday, joining a rush of biotech firms lining up to tap the fall IPO window.
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Analysis-Hedge funds sour on basis trade as Treasury selloff continues

Analysis-Hedge funds sour on basis trade as Treasury selloff continues

By Anirban Sen and Gertrude Chavez-Dreyfuss NEW YORK, Sept 24 (Reuters) - Like Treasuries themselves, the Treasury basis trade has fallen out of favor lately. Funds locked up in leveraged basis trades are down 20% this year to $1.2 trillion, Morgan Stanley estimates.
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ADARx Pharmaceuticals raises $446.3 million in upsized US IPO

ADARx Pharmaceuticals raises $446.3 million in upsized US IPO

Sept 25 (Reuters) - ADARx Pharmaceuticals said on Thursday it had raised $446.3 million in an upsized US initial public offering, reflecting growing investor appetite for biotech listings.
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Anthropic seeks 50.1% voting control for co-founders ahead of IPO, The Information reports

Anthropic seeks 50.1% voting control for co-founders ahead of IPO, The Information reports

Sept 24 (Reuters) - Anthropic is asking shareholders to approve a new corporate structure that would award CEO Dario Amodei and his six co-founders a combined 50.1% of voting power, The Information reported on Thursday, citing people familiar with the planning.
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Global equity funds snap two-week outflow as AI optimism returns

Global equity funds snap two-week outflow as AI optimism returns

Sept 25 (Reuters) - Global equity funds attracted the most inflows since early July in the week to September 25, snapping a two-week selling streak as enthusiasm around artificial intelligence and a pullback of oil prices outweighed a sharp rise in government bond yields.
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Wall St edges up as AI enthusiasm eases worries over higher oil prices, yields

Wall St edges up as AI enthusiasm eases worries over higher oil prices, yields

By Johann M Cherian and Avinash P Sept 25 (Reuters) - AstWall Street's main indexes inched higher on Friday as AI optimism buoyed sentiment despite elevated oil prices and rising Treasury yields, while investors watched efforts to secure a deal to end the Middle East conflict.
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AI infrastructure firm Accelevation targets up to $5.4 billion valuation in US IPO

AI infrastructure firm Accelevation targets up to $5.4 billion valuation in US IPO

By Pragyan Kalita Sept 22 (Reuters) - Accelevation is targeting a valuation of up to $5.37 billion in its US initial public offering, the data center infrastructure company said on Tuesday, joining a wave of firms tapping investor demand for AI-linked stocks.
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Novo Nordisk open to direct New York listing, CEO Doustdar tells FT

Novo Nordisk open to direct New York listing, CEO Doustdar tells FT

Sept 23 (Reuters) - Novo Nordisk is open to considering a direct New York Stock Exchange listing, replacing the American depositary receipts through which US investors currently trade its shares, CEO Mike Doustdar told the Financial Times in an interview published on Wednesday.
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Novo Nordisk CEO opens the door to major move for U.S. investors

Novo Nordisk CEO opens the door to major move for U.S. investors

The U.S. now accounts for more than half of Novo Nordisk’s revenue.
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European stocks gain as markets upbeat on potential US-Iran talks

European stocks gain as markets upbeat on potential US-Iran talks

By Sudeshna Ghoshal and Purvi Agarwal Sept 22 (Reuters) - European shares closed slightly higher on Tuesday as investors watched for developments in US-Iran tensions that could influence oil prices and risk appetite.
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Apollo private credit fund redemption requests ease in third quarter

Apollo private credit fund redemption requests ease in third quarter

Sept 22 (Reuters) - Asset manager Apollo Global Management recorded lower withdrawal requests at its flagship private credit fund in the third-quarter tender offer, suggesting redemption queues are beginning to clear.