US Stock Reports, Quotes and News
Go Digit General Insurance IPO saw oversubscription and strong retail investor interest. Backed by celebrity investors, the company plans to enhance capital with the IPO proceeds, focusing on growth and empowering distribution partners.
Go Digit Insurance\’s IPO was subscribed 50% on the second day of the bidding process. Retail portion was oversubscribed at 2.03 times, while non-institutional investors\’ portion reached 0.48 times. Qualified institutional buyers\’ participation awaited. IPO closes on May 17.
In a Thursday note to clients, analysts at Lynx Equity Strategies said the firm believes semiconductor chip stocks, including NVIDIA (NASDAQ:NVDA), \”have ways to go to the downside.\”
BERLIN (Reuters) – Tesla (NASDAQ:TSLA) has let go of 300 temporary workers in Germany in keeping with their contract period, the e-car maker said on Thursday, amid a drive by the company to slim down its global workforce by 10%.
(Reuters) -Take-Two Interactive Software will lay off about 5% of its workforce, or around 600 employees, the publisher of the \”Grand Theft Auto\” franchise said on Tuesday, as the video-gaming industry extends its more than two-year long job cuts.