As he lived in a tent and battled to provide for his family, Hussam al-Masri, a Reuters journalist killed by Israeli fire on Monday while running a live video feed at Gaza's Nasser Hospital, covered the suffering of civilians during the conflict. According to journalist colleagues, Masri, 49, was a seasoned cameraman who was well-liked by Gaza's close-knit community of reporters because of his upbeat demeanor in the most perilous circumstances. In the months before his death, he would say, "Tomorrow will be better," despite the fact that the Palestinian enclave was becoming increasingly desolate and hungry. That was the conclusion of his final discussion with Mohamed Salem, a senior Reuters visuals journalist who had collaborated with Masri in Rafah, in southern Gaza, last year and had known him since 2003. Salem, who left Gaza later in 2024 but stayed in daily contact with Masri until Monday morning, said he was a pleasure to work with because of his smiles and o...
A rebound in high-risk industries like fintech, crypto, and space, driven by successful new listings like Firefly and Circle (CRCL.N), is anticipated to encourage startups that waited out market volatility to make their first public offerings after almost three years of a dry spell.
In contrast to the initial public offering price of $45, Firefly's shares opened for trading on the Nasdaq at $70 each. It was about 34% higher at the end of the first session.
"High levels of short-term money trading, whether by hedge funds or retail investors, are evident in large pops and drops around initial public offerings. The market has exhibited this characteristic in recent months," Mergermarket's head of equity capital markets, Samuel Kerr, stated.
A small share float, early investors' profit-taking, and changes in the general mood of the market are some of the reasons why post-IPO stocks frequently experience significant fluctuations in the days following listing.
"Despite a decline in premarket trading today, the fact that the stock is still well above the IPO price should hopefully point to a solid cohort of institutional investors serving as a bedrock for the stock in its early days of trading," Kerr stated.
A small share float, early investors' profit-taking, and changes in the general mood of the market are some of the reasons why post-IPO stocks frequently experience significant fluctuations in the days following listing.
"Despite a decline in premarket trading today, the fact that the stock is still well above the IPO price should hopefully point to a solid cohort of institutional investors serving as a bedrock for the stock in its early days of trading," Kerr stated.
In the largest U.S. space listing of the year, Firefly raised $868.3 million at an IPO price above the marketed range, representing a remarkable turnaround for a business that declared bankruptcy in 2017.
Thanks to the Pentagon's need for responsive launch capabilities and NASA's push to contract out lunar missions, private space companies are becoming more and more involved in U.S. military and civil programs, which has attracted new investor interest. Government spending and the demand for commercial satellites have also helped the industry.
However, lengthy production schedules and high development costs could pose problems.
Thanks to the Pentagon's need for responsive launch capabilities and NASA's push to contract out lunar missions, private space companies are becoming more and more involved in U.S. military and civil programs, which has attracted new investor interest. Government spending and the demand for commercial satellites have also helped the industry.
However, lengthy production schedules and high development costs could pose problems.
SOURCE: NEWS AGENCY