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Poshmark surges 150% on its first day of trading after $277 million IPO Will DanielJan 15, 2021, 00:48 IST Rafael Henrique/SOPA Images/LightRocket via Getty Images Poshmark soared as much as 150% on Thursday after going public Wednesday The online marketplace for second-hand goods raised $277 million IPO Wednesday, selling 6.6 million shares for $42 apiece. Poshmark's leap continues the trend of massive investor demand for IPOs and SPACs, the company trades under the ticker "POSH" on the Nasdaq Global Select Market. Poshmark surged as much as 150% on Thursday as the second-hand goods provid...

VMware stock drops over 7% after news that CEO Pat Gelsinger will head to Intel Will DanielJan 14, 2021, 05:52 IST Former VMware CEO Pat GelsingerVMware Shares of VMware, Inc. slipped over 7% Wednesday on news the company's CEO Pat Gelsinger is headed to Intel. Gelsinger will be replaced by CFO Zane Rowe in the interim while the board and majority stakeholder Dell Technologies decide on a replacement. Michael Dell, Chairman of the Board at VMware, commented on Gelsinger's departure, saying, "I speak for the VMware Board of Directors, executive management and employees in expressing our gra...

Affirm skyrockets 110% in first day of trading after $1.2 billion IPO Ben WinckJan 14, 2021, 00:17 IST Affirm CEO Max LevchinAffirm Affirm soared as much as 110% on Wednesday after the company's shares began trading hands publicly for the first time. Affirm's leap extends the trend of massive investor demand for IPOs. The craze emerged in December after Airbnb and DoorDash surged in their market debuts. Affirm trades under the ticker "AFRM" on the Nasdaq exchange. Affirm spiked as much as 110% on Wednesday after the loan provider's public-market debut. The company's shares started trading p...

Gaming company Roblox said on Wednesday that it raised $520 million at a $29.5 billion and that it will soon list its shares publicly.