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Ola Electric has received approval from Sebi for its IPO, making it the first electric vehicle firm in India to go public. The company plans to raise Rs 5,500 crore through issuance of fresh shares and aims for a valuation of $7-8 billion. The IPO includes selling shares from 10 shareholders, including promoters Aggarwal and Indus Trust, SoftBank, and Matrix Partners. ....
SoftBank Corp. (OTCMKTS:SOBKY – Get Free Report) was the target of a significant drop in short interest in May. As of May 31st, there was short interest totalling 20,100 shares, a drop of 61.0% from the May 15th total of 51,600 shares. Based on an average daily trading volume, of 193,500 shares, the days-to-cover ratio […] ....
SoftBank Group Corp. (OTCMKTS:SFTBY – Get Free Report) hit a new 52-week high on Wednesday . The stock traded as high as $31.95 and last traded at $31.70, with a volume of 643130 shares changing hands. The stock had previously closed at $30.94. Wall Street Analysts Forecast Growth Separately, Jefferies Financial Group upgraded shares of […] ....