Brazilian digital bank Nu Holdings slashed the targeted price range for its U.S. stock market flotation by about 18% on Tuesday, to roughly $40 billion, as a recent global sell-off in technology stocks weighs on year-end initial public offerings.
Grab, Southeast Asia's biggest ride-hailing and delivery firm, makes its market debut on Thursday after a record $40 billion merger with a special purpose acquisition company (SPAC), in a listing that will set the tone for other regional offerings.
Shares in India's One 97 Communications Ltd , the parent of Paytm, fell as much as 4.6% on Monday after the fintech company's net loss for its second quarter widened due to a rise in expenses.
Cryptocurrencies survived one of the largest market shocks since the earliest days of the pandemic last week, with El Salvador a notable dip buyer, while investors decided not to share Adidas' excitement over a foray into the buzzy metaverse.
Brazilian online lender Nubank is considering cutting the potential valuation of its initial public offering following a slump in technology stocks globally, Bloomberg News reported on Monday, citing people familiar with the matter.