Parent company Volkswagen and its advisers were trying to pull off a balancing act with the IPO price.
How the IPO market went from ‘boom to bust’
"Investors are really risk averse at this moment, and that's what's really impacting the lack of activity that we're seeing," said Rachel Gerring, IPO leader at EY Americas, in an interview with CNBC.
Volkswagen’s Porsche IPO prices at top of its range
Volkswagen AG said late Wednesday that it priced Porsche AG’s initial public offering at the top of its range, setting the sports-car maker’s IPO on a course to be among the largest ever in ...
Porsche Rises in Landmark IPO Weathering Tough Markets
(Bloomberg) -- Porsche AG gained during its trading debut after parent Volkswagen AG set the final listing price for the sports-car company at the upper limit in defiance of market upheaval.
Porsche IPO Raises $9.2 Billion
The much anticipated Porsche IPO ended up raising about 9.4 billion euros ($9.2 billion), making it the biggest European offering in more than a decade. On Wednesday, Volkswagen -owned Porsche ...
Chip Firm Prices Japan IPO at Top of Range in Rare Feat for 2022
A Japanese chip design firm executed Japan’s largest initial public offering this year after scaling up the deal and pricing shares at the top of the offered range, a rare feat in a tough year for ...
Japan’s Cash in Circulation Falls for 1st Time Since 2012 – BOJ
Japan's monetary base, or the amount of cash circulating in the economy, fell 3.3% in September from a year earlier, data showed on Tuesday, marking the first year-on-year decline since April 2012.
Bank of Japan discussed inflation risks in subtle shift in board debate
Broadening price rises in Japan prompted some central bank policymakers to warn last month that inflation may overshoot expectations, highlighting the challenge Governor Haruhiko Kuroda faces in ...
Asia-Pacific markets set for higher open after U.S. stocks surge
This is CNBC's live blog covering Asia-Pacific markets. Asia-Pacific shares are set to trade higher on Tuesday after stocks on Wall Street rallied overnight. The Nikkei futures contract in Chicago was ...
N. Korea fires ballistic missile that flew over Japan
North Korea on Tuesday fired a ballistic missile over Japan, its neighbors said, escalating tests of weapons designed to strike key targets in regional U.S. allies amid stalled nuclear diplomacy. ( read original story ...)
North Korea fires apparent ballistic missile over Japan: Ministry of Defense
North Korea has fired what appears to be a ballistic missile over Japan, the country's Ministry of Defense said Monday. The apparent ballistic missile was launched at 7:22 a.m. local time and passed ... ( read original story ...)
North Korea fires missile over Japan, some residents warned to take cover
North Korea fired a ballistic missile over Japan for the first time in five years on Tuesday, prompting a warning for residents to take cover and a temporary suspension of train operations in northern ... ( read original story ...)
Top US regulators say crypto poses financial stability risks
Top regulators on Monday recommended a series of new safeguards to ensure that a growing and unregulated cryptocurrency market doesn’t imperil U.S. financial stability. Among seven major ...
Biden administration urges Congress to speed up crypto rules
The Biden administration has called on Congress to pass new laws to clear up how cryptocurrencies should be regulated, as officials warn delays on Capitol Hill could put investors at risk. The US ...
Kim Kardashian Crypto Case Is Giving Kendall Jenner Fyre Festival Vibes
The SEC announced a $1.26 million settlement with Kardashian on Monday over her promotion of EthereumMax. Her little sister ran into similar trouble in 2020.
Kim Kardashian settles with SEC over crypto promotion
The SEC said Kardashian failed to disclose that she was paid to publish a post on her Instagram account about EMAX tokens, a crypto asset security being offered by EthereumMax.