Before trading commenced, Trump Media had an approximate market value of $6.8 billion, which is expected to increase significantly if the initial gains in the shares continue
Vietnamese electric vehicle (EV) maker VinFast has reported a significant year-on-year revenue net loss two months after the company made its Nasdaq Global Select Market debut. Key details: VinFast closed the third quarter in September with a net loss amounting to $623 million, a 33.7% increase compared to its losses from the same period in 2022 and 19.7% more than its losses in the second quarter of 2023, according to the EV maker’s Q3 financial report on Thursday. Sales earning: Despite the losses, VinFast also reported a total revenue of $342 million for the end of September 2023, an increase of 159.3% from its total revenue from September 2022 and 3.8% from the second quarter of 2023.
SoftBank s chip designer Arm Holdings is set to debut on the Nasdaq on Thursday, in what is expected to be the biggest test for the U.S. IPO market after a drought that lasted for nearly 16 months.