Articles by admin

No Picture
Trading Ideas

Nio Sinks After-Hours On Proposed 60M ADS Offering

June 10, 2020 admin Comments Off on Nio Sinks After-Hours On Proposed 60M ADS Offering

China’s Nio Inc (NIO) has announced an offering of 60 million American depositary shares (ADSs), each representing one Class A ordinary share of the company. Shares fell 5% in Tuesday’s after-market trading.The electric-vehicle maker also intends to grant the underwriters in the ADS Offering a 30-day option to purchase up to an additional 9 million ADSs.Morgan Stanley & Co. LLC, Credit Suisse Securities (USA) LLC and China International Capital Corporation Hong Kong Securities Limited are acting as the joint book-running managers for the ADS Offering.The ADSs will be offered under the company’s shelf registration statement which became effective on June …read more […]

No Picture
Trading Ideas

Founder Who Turned Down SoftBank Set to Become Billionaire

June 10, 2020 admin Comments Off on Founder Who Turned Down SoftBank Set to Become Billionaire

(Bloomberg) — At 23, Shunji Sugaya had what he calls a “life-changing episode.”It was March 2000, and Sugaya had just won an award at a business contest where Masayoshi Son, the founder of what was then called SoftBank Corp., was a judge. He sent Son an email to thank him, the two met up, and before long SoftBank offered to buy Sugaya’s idea for $2.8 million or for Sugaya to join the company and receive stock options.Sugaya turned it down.“It gave me a big boost in confidence as I was a student — I was so happy I could dance,” …read more […]

No Picture
Trading Ideas

Oil Retreats Toward $38 on Signs U.S. Crude Stockpiles Expanded

June 10, 2020 admin Comments Off on Oil Retreats Toward $38 on Signs U.S. Crude Stockpiles Expanded

(Bloomberg) — Oil retreated toward $38 a barrel after a U.S. industry report signaled a surprise jump in crude inventories, raising fresh concerns about excess supply.Futures dropped 1.9% in New York, erasing almost all of the gains from the previous session. The American Petroleum Institute reported that stockpiles expanded by 8.42 million barrels last week, according to people familiar with the data. If confirmed by government figures on Wednesday, it would be the largest build since the end of April.Oil is still recovering from the virus-driven demand crash that pushed crude below zero in April as supply cuts trim oversupply …read more […]