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09.06.26 - 14:25
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Investors Look Ready for a Summer Melt-Up as “AI Supercycle” Heats Up (24/7 Wall St.)
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As we ready up for a hot summer, many investors seem ready for the stock markets to really heat up. With Citigroup (NYSE:C) strategist Scott Chronert — a man who has a pretty solid track record — recently raising the bar on its S&P 500 price targets, now expecting the index to climb all the ... Investors Look Ready for a Summer Melt-Up as “AI Supercycle” Heats Up...
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09.06.26 - 01:01
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To keep up with China′s fast-changing consumers, MNCs adapt via local alliances (SCMP)
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Amid rapid market shifts in China, more foreign companies including retail and pharmaceutical players are adopting new approaches, selling their China businesses to local companies, teaming up with domestic partners or setting up joint ventures to stay competitive.
“Everyone wants to remain in the market,” said Colin Banfield, head of Asia mergers and acquisitions at Citigroup. “The China market's absolute size is still too important for multinationals [MNCs] to think about exiting completely,......
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04.06.26 - 22:18
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Citigroup Announces $2.75 Billion Redemption of 1.462% Fixed Rate / Floating Rate Notes Due 2027 and $400 Million Redemption of Floating Rate Notes Due 2027 (Business Wire)
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NEW YORK--(BUSINESS WIRE)--Citigroup Inc. is announcing the redemption, in whole, constituting $2,750,000,000 of its 1.462% Fixed Rate / Floating Rate Notes due 2027 (the “fixed rate/floating rate notes”) (ISIN: US172967NA50) and the redemption, in whole, constituting $400,000,000 of its Floating Rate Notes due 2027 (the “floating rate notes” and, together with the fixed rate/floating rate notes, the “notes”) (ISIN: US172967MZ11).
The redemption date for the notes is June 9, 2026 (the “redemption date”). The cash redemption price for the notes payable on the redemption date will equal par plus accrued and unpaid interest, to but excluding, the redemption date.
The redemptions announced today are consistent with Citigroup's liability management strategy and reflect its ongoing efforts to enhance the efficiency of its funding and capital structure. Citigroup will continue to consider opportunities to redeem or repurchase securities, based on several factors, including without limitation, th...
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04.06.26 - 17:57
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Jamie Dimon To Hold "Live Interactive Discussion" With Super-Rich Clients As SpaceX IPO Roadshow Commences (ZeroHedge)
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Jamie Dimon To Hold "Live Interactive Discussion" With Super-Rich Clients As SpaceX IPO Roadshow Commences
SpaceX is reportedly targeting a valuation of about $1.8 trillion as it prepares to go public next Friday, trading on the Nasdaq exchange under the ticker symbol SPCX.
Last month, Goldman Sachs was selected as the lead bank for the SpaceX listing, alongside Morgan Stanley. JPMorgan, Bank of America, and Citigroup are also among the 23 banks working on what will be the largest-ever listing, expected to raise a staggering $75 billion by selling about 555.6 million shares. The planned IPO price is about $135 per share.
Retail investors will be able to participate at the same prices as the big institutions. Expected SPCX price of $135 per share → https://t.co/eKBA0tzXbH
— SpaceX (@SpaceX) June 4, 2026
On Wednesday, we told readers that SpaceX's roadshow for institutional investors was set to begin on Thursday.
A new Bloomberg report states that JPMorgan CEO Jamie Dimon is se...
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03.06.26 - 15:48
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SpaceX Reportedly Targets $135 IPO Price As Morningstar Says Valuation Should Be Halved (ZeroHedge)
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SpaceX Reportedly Targets $135 IPO Price As Morningstar Says Valuation Should Be Halved
Last week, Elon Musk called Bloomberg's "SpaceX Said to Cut IPO Value" story "false," marking the latest clash between Musk and the MSM over coverage of his companies.
Reuters has released a new report, which, based on sources, says SpaceX is planning an IPO at a price of $135 per share, aiming to raise a record $75 billion by selling about 555.6 million shares at an estimated $1.75 trillion valuation.
SpaceX's roadshow is expected to begin Thursday, with a potential Nasdaq debut under the ticker SPCX on June 12. Goldman Sachs, Morgan Stanley, BofA, Citigroup, and JPMorgan are leading the deal.
Sources said the IPO is "structured as an all-primary offering," which means the proceeds will go to SpaceX rather than existing shareholders. Musk will reportedly be subject to a 366-day lock-up period.
At a $1.75 trillion valuation and projected 2025 booking revenue of $18.67 billio...
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03.06.26 - 12:42
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INTERVIEW: Japan Biz Looking Abroad amid Supply Chain Rewiring (Nippon)
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By Hiroki Shimoo Tokyo, June 3 (Jiji Press)--With global supply chains adjusting to changing geopolitics and the artificial intelligence boom, Japanese businesses will continue to seek investment opportunities abroad as they become more globally relevant due to their competitiveness, a senior official at U.S. financial giant Citigroup Inc. says. "There's a little bit of a reconfiguration ......
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