Gemini Space Station is blasting off. The US crypto exchange led by brothers Cameron and Tyler Winklevoss priced its long-awaited initial public offering on Thursday at $28 a share, above the marketed range of $24 to $26. The sale raised $425 million and valued the company at over $3 billion, Reuters reported. Gemini will begin to trade on the Nasdaq, a New York City stock exchange, on Friday under the ticker GEMI. The listing drew investor demand, with bankers halting new orders after bids topped 20 ti ...

HASLINDA: GLOBAL STOCKS ARE LOOKING AT RECORD HIGHS FROM ASIA TO THE U.S., DRIVEN BY HOPES FOR HEAD RATE HUT -- RATE CUTS. WHAT DOES THIS R. O.E. PHORIA MEAN FOR WARNING SIGNS BEING FLASHED BY THE BOND MARKET. I FROM SINGAPORE, THIS IS INSIGHT WITH HASLINDA AMIN.ALIBABA IS NOW DRIVING THE AI RALLY IN SHINY SEX WITH THAT SHARES SURGING ON THE BACK OF A SERIES OF USED TO SHORE UP ITS ARTIFICIAL INTELLIGENCE OFFERINGS. OCBC'S HEAD OF GLOBAL MARKETS RESEARCH AND STRATEGY WILL JOIN US WITH HER ASSESSMENT OF HOW ...

Citigroup has named Shan Li chairman of Japan, Asia North and Australia, based in Hong Kong https://t.co/z1AbVzgYtB ...

Group 1 - Nebius Group plans to raise $3 billion to support growth in its artificial intelligence cloud business following a $17.4 billion deal with Microsoft [1][3] - The financing structure includes a $2 billion private offering of convertible senior notes and a $1 billion underwritten public offering of class A shares [1][2] - Goldman Sachs is the lead book-running manager for the public offering, with Morgan Stanley, BofA Securities, and Citigroup as additional managers [2] Group 2 - Nebius will utilize the raised funds to finance growth initiatives, including acquiring additional compute power and hardware, securing land plots, and expanding its data center footprint [2] - The recent deal with Microsoft involves providing GPU infrastructure capacity over a five-year term, potentially increasing the total contract value to approximately $19.4 billion [3] - Following the Microsoft deal, Nebius's Nasdaq-listed shares surged over 49% to a record high, marking a 245% increase year-to-date, although they experienced a 5.6% decline in pre-market trading [3] Group 3 - Nebius originated from a deal to split the assets of the Russian tech company Yandex [4] - There has been a significant rise in global demand for data center capacity, driven by the adoption of new technologies and the emergence of generative artificial intelligence [4]

Gemini Space Station Inc. increased its initial public offering (IPO) target to $433.3 million after oversubscribed demand prompted a price range increase to $24-$26 per share from the original $17-$19 range. According to the Bloomberg report, the Winklevoss twins’ crypto exchange achieved a $3.1 billion valuation at the top of the elevated range. Nasdaq committed $50 million in a private placement at the IPO price, contingent on successful closing. The investment adds credibility while establishing par ...

Core Viewpoint - Smithfield Foods, a subsidiary of WH Group, is conducting a secondary offering of 19,531,698 shares at a price of $23.25 per share, with the offering expected to close on September 8, 2025, subject to customary closing conditions [1] Group 1 - The shares are being sold by SFDS UK Holdings Limited, an indirect wholly-owned subsidiary of the company [1] - SFDS UK has granted underwriters a 30-day option to purchase up to 2,929,754 additional shares at the public offering price, less underwriting discounts and commissions [1] - Smithfield Foods will not sell any shares in the offering and will not receive any proceeds from the sale of shares by SFDS UK [1] Group 2 - Morgan Stanley, BofA Securities, and Barclays are acting as joint book-running managers for the offering [1] - Goldman Sachs & Co. LLC, Citigroup, and BNP Paribas are serving as co-managers for the offering [1]

Group 1 - Smithfield Foods, Inc. announced a secondary public offering of 19,531,698 shares at a price of $23.25 per share, with an additional option for underwriters to purchase up to 2,929,754 shares [1] - The offering is expected to close on September 8, 2025, subject to customary closing conditions [1] - The company will not receive any proceeds from the sale of shares as it is solely conducted by the principal shareholder, SFDS UK Holdings Limited [1] Group 2 - Morgan Stanley, BofA Securities, and Barclays are acting as joint lead book-running managers for the offering, with Goldman Sachs, Citigroup, and BNP Paribas as joint book-running managers [2] - A registration statement for the offering has been filed and declared effective by the U.S. Securities and Exchange Commission [3] Group 3 - Smithfield Foods is recognized as an industry leader in value-added packaged meats and fresh pork, with a diverse brand portfolio and strong relationships with U.S. farmers and customers [6]

Core Insights - Newmark Group, Inc. has arranged a $425 million loan for Centerbridge Partners and Merit Hill Capital to refinance a national portfolio of 78 self-storage properties [1] - The portfolio consists of nearly 32,000 units across 4.65 million rentable square feet, with an NOI growth exceeding 18% since 2023 [2] - Demand for self-storage units in the U.S. remains strong, with a same-store occupancy rate of 90.7% and robust operational efficiency [3] Company Overview - Newmark Group, Inc. is a leading commercial real estate advisor with over $2.9 billion in revenues for the twelve months ended June 30, 2025, and operates from 165 offices globally [6] - Centerbridge Partners, L.P. manages approximately $43 billion in assets and focuses on private equity, private credit, and real estate investments [4] - Merit Hill Capital has acquired 535 self-storage facilities across 38 states, managing over 34.4 million rentable square feet [5]

Citigroup is entrusting BlackRock with tens of billions of dollars of clients’ investments in a move that will close the bank’s only remaining in-house asset manager and outsource more of its wealth unit’s offerings https://t.co/LnN0HxSoTN ...

Core Viewpoint - The U.S. stock market is expected to perform well for long-term investors, despite Warren Buffett's cautious stance on current market leadership [1] Group 1: Investment Strategies - Buffett suggests that investors uninterested in closely following markets may consider S&P 500 index funds for wealth compounding [2] - Investing in the S&P 500 allows investors to benefit from the overall U.S. economy and capture significant winners like Nvidia, which has generated over $4 trillion in market cap in three years [8] Group 2: Market Composition - Currently, 19.9% of the S&P 500's total market cap is concentrated in three stocks: Nvidia, Microsoft, and Apple [3] - The S&P 500 is not static; it has evolved significantly over the past 30 years, with the largest companies transitioning from ExxonMobil and Coca-Cola to tech giants like Apple and Microsoft [5][6] - By 2025, the largest eight companies in the S&P 500 will be growth-focused, with the "Ten Titans" comprising 38% of the index [7] Group 3: Berkshire Hathaway's Position - Berkshire Hathaway is holding a record amount of cash and has not repurchased its own stock for four consecutive quarters, indicating a cautious approach in the current market [10][11] - Despite Buffett's endorsement of index funds, Berkshire has not significantly increased its position in mega-cap growth stocks during recent market downturns [11] Group 4: Investor Considerations - Long-term investors with high-risk tolerance may find it reasonable to invest in index funds dominated by growth stocks, while those with lower risk tolerance might prefer dividend-paying value stocks to mitigate premium valuations [13]