Group 1: Recent IPOs - A total of 16 new stocks were listed last week, including 7 SPACs [1] - VeraDermics (MANE) raised $256 million by issuing 15.08 million shares at $17 per share [1] - Forgent Power Solutions (FPS) raised $1.512 billion by issuing 56 million shares at $27 per share [1] - Bob's Discount Furniture (BOBS) raised $331 million by issuing 19.45 million shares at $17 per share [1] - Eikon Therapeutics (EIKN) raised $381 million by issuing 21.78 million shares at $18 per share, increasing its original planned issuance [1] - SpyGlass Pharma (SGP) raised $150 million by issuing 9.38 million shares at $16 per share [1] - Once Upon a Farm (OFRM) raised $198 million by issuing 11 million shares at $18 per share [1] - AgomAb Therapeutics (AGMB) raised $200 million by issuing 12.5 million shares at $16 per share [1] - Several SPACs also raised funds, with amounts ranging from $100 million to $260 million [2] Group 2: Upcoming IPOs - AGI Inc, a financial services provider, plans to go public on February 11, 2026, on the NYSE under the ticker AGBK, aiming to raise approximately $786 million by issuing 43.64 million shares at $15 to $18 per share [3] - SOLV Energy, Inc., a solar project developer, plans to go public on February 11, 2026, on NASDAQ under the ticker MWH, aiming to raise approximately $513 million by issuing 20.5 million shares at $22 to $25 per share [5] - ARKO Petroleum Corp., a fuel distributor, plans to go public on February 12, 2026, on NASDAQ under the ticker APC, aiming to raise approximately $210 million by issuing 10.5 million shares at $18 to $20 per share [5] - Clear Street Group Inc., a fintech platform, plans to go public on February 13, 2026, on NASDAQ under the ticker CLRS, aiming to raise approximately $1.048 billion by issuing 23.81 million shares at $40 to $44 per share [8]

Group 1: Market Overview - Markets are cyclical, and sentiment can shift quickly, indicating a potential return of risk appetite [1] - Leadership in stocks is crucial during market upswings, as not all stocks will rise equally [1] Group 2: Singapore Exchange Limited (SGX) - SGX is recognized as a long-term dividend income player and is Singapore's sole approved stock exchange, allowing it to generate strong cash flows with low capital expenditure [2] - In the first half of fiscal year 2026, SGX reported a net revenue increase of 10.1% YoY to S$636.6 million and an adjusted net profit rise of 11.6% YoY to S$357.1 million [3] - The interim quarterly dividend declared is S$0.110 per share, contributing to a total dividend of S$0.2175 for 1HFY2026, a 20.8% YoY increase [4] Group 3: SATS Ltd - SATS is positioned as a cyclical recovery play, benefiting from the rebound in global air travel and increased cargo volumes, with a revenue increase of 9.1% YoY to S$3.08 billion in 1HFY2026 [5] - The net profit for SATS in 1HFY2026 was S$149.8 million, up 11.2% from the previous year [5] - An interim dividend of S$0.02 represents a 33% increase from the previous year, although inflation and economic slowdown may pose challenges [6] Group 4: Frasers Centrepoint Trust (FCT) - FCT is a quality REIT focused on suburban retail malls, which comprise 97.3% of its portfolio, providing stable income from essential services [7][8] - The trust has a debt of S$421.3 million due in FY2026 and benefits from refinancing at lower rates, with an average borrowing cost of 3.5% [8][9] - FCT has consistently paid dividends since 2006, with a 0.6% YoY increase in distribution per unit to S$0.12113 for FY2025 [9] Group 5: iFAST Corporation - iFAST is a rapidly growing fintech company in Singapore, driven by increasing assets under administration and recurring fee income [10] - In 3Q2025, gross revenue reached S$135.82 million, a 37% YoY increase, with net profit rising 54.7% YoY to S$26.01 million [11] - The company announced a third interim dividend of S$0.023 per share, a 53% increase from the previous year, with guidance suggesting a potential payout of S$0.082 for FY2025, indicating confidence in cash flow stability [11]

Core Viewpoint - Remitly Global, Inc. is recognized as one of the best revenue growth stocks to buy, with a positive outlook from analysts and a significant potential for price appreciation [1][3]. Group 1: Analyst Ratings and Price Targets - Cantor Fitzgerald initiated coverage of Remitly Global with an Overweight rating and a price target of $17 [1]. - Wolfe Research analyst Darrin Peller maintained a Buy rating with a price target of $16 [3]. - The consensus among 9 analysts covering Remitly Global is a Buy rating, with a median price target of $19.50, indicating an over 88% upside potential [3]. Group 2: Market Position and Growth Potential - Remitly is positioned to gain market share in a fragmented and competitive landscape, benefiting from the rise in digital remittances [3]. - The company's fundamentals are strong, with expectations of significant margin expansion, earnings growth, and free cash flow driven by operating leverage [3]. Group 3: Investment Considerations - While Remitly is seen as a promising investment, there are suggestions that certain AI stocks may offer greater upside potential with less downside risk [3].

Core Insights - BILL Holdings is a cloud-based software provider focused on financial operations for small and medium-sized businesses, competing in the financial technology sector [1] Financial Performance - BILL Holdings reported second-quarter earnings for fiscal 2026 with an EPS of 64 cents, exceeding the Zacks Consensus Estimate of 56 cents and up from 56 cents in the same quarter last year [3][6] - The company's revenues reached $414.7 million, surpassing the consensus forecast of $399.8 million, reflecting a year-over-year growth of 14.4% [3][6] Revenue Drivers - Revenue growth was driven by strong customer adoption and increased payment volumes, with core revenues, including subscription and transaction fees, rising by 17.4% [4][6] - Total payment volume (TPV) grew by 13% to $95 billion, and the number of transactions increased by 16%, indicating the platform's resilience and user attraction [4] Future Outlook - Despite a decline in float revenues, the company anticipates third-quarter revenues between $397.5 million and $407.5 million, with non-GAAP EPS expected to range from 53 to 57 cents, both above current consensus estimates [5] - BILL is valued at 2.2 times its enterprise value to FY26 revenue and 16.9 times its FY26 price-to-earnings ratio, suggesting potential for future growth [5]

Core Insights - MarketAxess reported record annual revenue of $846 million for 2025, driven by record average daily volume (ADV) and significant growth in trading protocols [2][5] - The company achieved record free cash flow of $347 million, with notable growth in product areas outside U.S. credit, which saw a 10% increase [2][5] - U.S. credit revenue, however, experienced a decline of 2% for the year [2] Financial Performance - Fourth-quarter revenue reached $209 million, marking a 3.5% year-over-year increase, with diluted EPS reported at $2.51 [1] - Total credit commission revenue rose 2% year-over-year to $165 million, supported by growth in U.S. high-yield (4%), emerging markets (6%), and Eurobonds (9%) [7] - Fourth-quarter commissions increased by 4% to $181 million, while services revenue grew by 2% to $28 million [6] Capital Management - The company returned $474 million to shareholders in 2025, which included $360 million in share repurchases and a dividend increase to $0.78 per share [4][13] - MarketAxess ended 2025 with $679 million in cash and equivalents, with $205 million remaining on the repurchase authorization as of January 31, 2026 [13] Growth Initiatives - Significant growth in block trading ADV, which reached about $5 billion, and portfolio trading ADV increased by 48% to $1.4 billion [15] - The company plans to enhance its dealer-initiated protocols, with Mid-X trading volume reaching a record $7 billion in January, up 383% [15] - Management emphasized the importance of technology modernization and automation in driving future growth [11][12] 2026 Guidance - For 2026, MarketAxess guided expenses to be between $530 million and $545 million, with mid-single-digit services revenue growth anticipated [4][20] - Capital expenditures are projected to be between $65 million and $75 million, primarily focused on software development for new protocols [20]

Core Viewpoint - SOLOWIN HOLDINGS (AXG) has announced a partnership with Taobao Shangou and Hangzhou Bossen to create an innovative model that integrates high-quality carbon assets with consumer platform incentives and on-chain carbon credit circulation, aiming to scale carbon asset applications and promote inclusive carbon reduction [1][3]. Industry Context - Achieving carbon peak and carbon neutrality is a major strategic objective in China, with guidelines issued to advance green and low-carbon transitions and strengthen the national carbon trading market [2]. - The Zhejiang Provincial Development and Reform Commission has outlined priorities for carbon peaking and neutrality, focusing on green transitions in key sectors and promoting carbon asset initiatives [2]. Company Initiatives - AXG is leveraging its blockchain expertise through its Ferion platform to commercialize inclusive carbon reduction in China, providing a technical solution for compliant on-chain management of carbon assets [3]. - The Ferion platform facilitates condition verification, rights confirmation, circulation recording, and lifecycle management of carbon assets, ensuring a secure and transparent integration into consumer scenarios [3]. Partnership Details - Hangzhou Bossen will supply high-quality carbon assets to Taobao Shangou, where these assets will be integrated into the platform's incentive system, rewarding users for carbon reduction behaviors [4]. - The collaboration aims to connect consumers, platforms, and financial services, establishing a closed-loop model from carbon assets to consumer incentives and potential buyback [5]. Company Background - SOLOWIN HOLDINGS is a leading financial technology firm focused on bridging traditional and decentralized finance, providing integrated digital asset solutions for global investors [8][9]. - The company has developed a multi-jurisdictional financial platform that encompasses global stablecoin payments, corporate treasury, and tokenization services, aiming to drive the convergence of traditional finance and the digital assets ecosystem [9].

Core Insights - Dave's stock price increased by over 16% following the announcement of preliminary financial results for Q4, indicating strong market reaction to the news [1] - The company reported a 62% increase in net operating revenues, reaching $164 million for the fourth quarter, and an expected 118% rise in EBITDA to $73 million [1][2] - For the full year 2025, management anticipates net operating revenues of $554 million and adjusted EBITDA of $227 million, reflecting growth rates of 60% and 162% respectively [3] Group 1: Financial Performance - Q4 marked the third consecutive quarter of over 60% revenue growth, driven by increased monthly transacting member growth and expansion in average revenue per user (ARPU) [2] - The operating leverage in the company's model strengthened throughout 2025, with full-year adjusted EBITDA growing over 160%, nearly three times the revenue growth rate [4] Group 2: Future Outlook - Dave's upcoming earnings call on March 2 is expected to provide further details on growth initiatives and finalized Q4 results [5] - The company has revised its revenue and EBITDA forecasts upward from previous estimates, indicating a positive outlook for future performance [3]

Broadridge Financial Solutions, Inc. (NYSE:BR) said Friday it has agreed to acquire global trading technology provider CQG, expanding its futures and options platform.The firm said it will buy CQG to combine order management with advanced execution tools.CQG provides futures and options trading, execution management and market connectivity tools for institutional and professional traders.Under the agreement, Broadridge will add CQG’s execution systems, analytics and algorithmic trading capabilities to its p ...

Buy-now-pay-later company Affirm beat second quarter revenue expectations from Wall Street but offered what some analysts thought was conservative guidance. Affirm CEO Max Levchin joins Caroline Hyde and Ed Ludlow on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGTy ...

Core Insights - The company returned a total of $474 million to investors through share repurchases and dividends, with a new capital return plan of $400 million announced, including a $300 million accelerated share repurchase (ASR) [1][22] - Record total revenue of $846 million was achieved in 2025, driven by significant growth in trading volumes and new initiatives, with a notable 29% increase in block trading average daily dollar volume (ADD) [2][3][10] - The company is focused on enhancing its technology and product roadmap to achieve its three-year targets, with a strong emphasis on execution in 2026 [3][26] Financial Performance - The company generated record free cash flow of $347 million in 2025, with total revenue outside of US credit growing by 10% while US credit revenue decreased by 2% [2][24] - Total commissions revenue increased by 4% to $181 million, with notable growth in US high yield and emerging markets [17][20] - Operating expenses increased by 8%, driven by higher consulting, technology, and employee compensation costs [21] Trading and Market Dynamics - Block trading in US credit, emerging markets, and Eurobonds now constitutes about one-third of total credit ADV, with significant growth observed in January 2026 [9][10] - The company reported a 33% increase in dealer-initiated ADV for the year, with a record $7 billion in total MIDEX trading volume [11] - Emerging markets showed strong growth, with a 50% year-over-year increase in January trading volume, indicating a substantial opportunity for further penetration [5][50] Strategic Initiatives - The company is enhancing its product offerings across multiple channels, including portfolio trading, block trading, and automation protocols, to capture market share and drive revenue growth [4][8][10] - The introduction of new trading solutions, such as the closing auction protocol, is aimed at increasing participation and liquidity in the market [72] - Investments in AI and data analytics are expected to enhance trading efficiency and client engagement, leveraging proprietary data for improved market insights [76][79] Future Outlook - The company anticipates mid-single-digit growth in total services revenue for 2026, with a focus on maintaining expense discipline while investing in technology and talent [24][25] - The effective tax rate is expected to be in the range of 24% to 26%, with capital expenditures projected between $65 million and $75 million [25] - The company remains confident in its ability to return to higher levels of revenue growth in US credit, supported by its three-year financial targets [26]