Shares of Kioxia, a Japan computer memory manufacturer, rose 2.69% in Tokyo following its successful debut, raising over 120 billion yen in its initial public offering. The company’s shares were trading at 1,484 yen, slightly above the offer price of 1,455 yen per share, with an IPO price band of 1,390-1,520 yen. Kioxia, formerly Toshiba Memory, was acquired by a Bain-led consortium in 2018 for $18 billion, with major shareholders Bain Capital and Toshiba selling shares as part of the IPO.
Full Article
Labour’s election fixer draws fire as welfare rebellion looms
Morgan McSweeney, chief of staff to Prime Minister Sir Keir Starmer, faces criticism amid a significant parliamentary rebellion as Labour's opinion polls decline. His strategy to shift Labour rightward on welfare and immigration, aimed at countering threats from Nigel Farage's Reform UK, is increasingly questioned by MPs concerned about losing support to left-wing parties and the welfare cuts impacting vulnerable citizens. Explain It To Me Like I'm 5: Morgan McSweeney, who helped the Labour Party...
Read more