Palantir Technologies, a data analytics software provider, has steadily gained traction since its 2020 IPO, attracting retail investors and delivering impressive returns. This article explores Palantir’s journey, its key products, and the bullish outlook fueled by the company’s growing AI capabilities.
MNTN, the connected TV advertising company that owns Ryan Reynolds’ Maximum Effort Marketing, is planning to go public in 2025. This news adds to the successful ventures of the ‘Deadpool’ actor beyond the big screen, showcasing his prowess in the business world.
The Indian stock market saw a mixed day on September 30th, with over 300 stocks hitting one-year highs while the Sensex and Nifty 50 declined. Meanwhile, SEBI approved IPO plans for companies like Swiggy and Hyundai Motor India. India’s current account deficit widened to 1.1% of GDP in Q1FY25, and core sector output contracted in August. Additionally, the Enforcement Directorate filed a money laundering case against Karnataka CM Siddaramaiah.
Indian markets saw a significant boost on September 29, with the top eight firms’ market capitalization increasing by ₹ 1.21 lakh crore. Meanwhile, former RBI governor Raghuram Rajan expressed concerns over insufficient job creation despite strong economic growth. Additionally, the IPO market remains active with numerous companies set to launch their offerings in the coming months.
Saj Hotels Limited, a leading hospitality company, is set to launch its Initial Public Offering (IPO) on September 27th, 2024. The IPO aims to raise Rs 2,762.50 Lakhs by offering 42,50,000 shares, providing investors a chance to participate in the growth of this established hospitality leader. Saj Hotels offers a wide range of services from traditional resorts to luxury villa rentals across multiple destinations.
XCHG, an electric vehicle charging company, has seen its stock price nearly triple in its first week of trading on Nasdaq, following a successful IPO that raised $20.7 million. The company’s strong revenue growth and foray into energy storage solutions are driving investor interest, but concerns remain regarding its reliance on a single customer and slowing sales in the second quarter.
Yuanbao, a Chinese insurance distributor, is set to go public in the U.S., seeking to raise $50 million. Its platform uses big data to match potential buyers with suitable insurance products, driving impressive growth despite a challenging market.
India’s stock market continues its winning streak, Wow Momo sets its sights on an IPO, and Malayalam actor Edavela Babu faces arrest in a rape case amidst the #MeToo movement in Kerala. Meanwhile, a special court orders a Lokayukta probe into a MUDA scam, potentially impacting Karnataka’s Chief Minister Siddaramaiah.
Leela Hotels, owned by Brookfield Asset Management, is set to expand its portfolio with eight new properties, adding 833 rooms by 2028. The company is also launching a ₹5,000 crore IPO to reduce debt and fuel growth, marking a significant move for the luxury hotel chain in India.
Serve Robotics (SERV) stock has seen a significant surge since its IPO, fueled by growing demand for last-mile delivery and its expanding partner base. However, concerns remain about its valuation and dependence on a single customer. This article analyzes Serve Robotics’ prospects, examining its strengths and weaknesses to help investors decide if the stock is a buy.
