Global markets remain volatile as Wall Street continues to await economic data guidance
BlockBeats News, November 14, as the U.S. government reopens, Wall Street is shifting towards safer assets, driving U.S. Treasury yields and the dollar lower, but the market remains tense over tech stocks while awaiting economic indicators.
Today, the release of the October Producer Price Index and retail sales data has been postponed. According to data from CME Group, although many investors are betting that the Federal Reserve will cut interest rates in December, the probability of a pause in rate cuts is almost equal. The sell-off in tech stocks over the past few days appears likely to continue. (Golden Ten Data)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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According to market sources, the initial public offering (IPO) of smart ring manufacturer Oura in the US stock market has reportedly been oversubscribed by approximately four times.
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Smart ring manufacturer Oura's IPO was oversubscribed by approximately four times, planning to issue 50 million shares at a maximum price of $44 per share, aiming to raise up to $2.2 billions, with a fully diluted valuation of about $15 billions. Against the backdrop of companies like Holtec Nuclear withdrawing their IPO plans due to market conditions, Oura is expected to become the first major IPO in nearly three months to raise over $1 billion, injecting new vitality into the long-dormant U.S. IPO market.
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