Wall Street banks eagerly awaited a billion dollar IPO from U.S. tech company CoreWeave, but the underwriting fees were lower than historical averages at just 2.8% of total proceeds. The lackluster performance of CoreWeave’s stock after its debut, coupled with concerns about its business model and debt levels, have dampened investor confidence in a market revival. Morgan Stanley, JPMorgan Chase, and Goldman Sachs led the deal, with Morgan Stanley potentially receiving over 30% of the total payout for its role as lead bank.
Full Article
St Johns Rd homicide: Court appearance for youth, 16, charged with murder, woman, 32, also arrested
A 16-year-old appeared in court charged with aggravated robbery and murder after the death of Kyle Whorrall. Whorrall, a 33-year-old PhD student, was attacked at an Auckland bus stop. A 32-year-old North Shore woman has also been charged with being an accessory after the fact to murder. The teenager accused of murdering 33-year-old American entomology student Kyle Whorrall has been remanded in custody. He appeared in the Auckland District Court today charged with aggravated robbery...
Read more