Results for: New York Stock Exchange

LATAM Airlines is considering a secondary sale of shares by certain shareholders as part of its efforts to relist its ADRs on the New York Stock Exchange. The sale, if it goes ahead, would aim to enhance the liquidity of both shares and ADRs. However, no definitive decisions have been made, and the decision will depend on the progress of the ADR relisting process and market conditions. The notice is in compliance with Rule 135e of the Securities Act of 1933 and does not constitute an offer to sell or request for offers to buy securities in the United States.

Novelis, owned by Hindalco Industries, plans to raise approximately $1.2 billion through an initial public offering (IPO) on the New York Stock Exchange in early June. The company, the world’s leading manufacturer of flat-rolled aluminum products, has filed with the US Securities and Exchange Commission for the listing. The IPO details may be subject to change, but Novelis is reportedly targeting a valuation of around $18 billion.

The Viking Holdings Ltd. IPO, which commenced trading today on the New York Stock Exchange, has emerged as the largest IPO of 2024 to date. This highly anticipated offering underwent multiple upsizes, culminating in the sale of 64 million shares at $24 each, the upper end of the previously announced price range of $21-$25. Notably, Viking’s IPO proceeds totaled $1.54 billion.

Market watchers can tune in to watch the opening bell for the New York Stock Exchange and the Nasdaq from April 24, 2024. The opening bell is a symbolic ceremony that marks the start of the trading day for the stock exchanges. It is a tradition that dates back to the 19th century when traders would gather on the floor of the exchanges to bid on stocks.