Subrat Patnaik
(He/Him)
Basking Ridge
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Subrat Patnaik is the innovative force behind Oncorre, where he serves as CEO. He is also the creator of cutting-edge platforms like Liieren and eBloque.
Articles by Subrat Patnaik
SK Hynix Taps Memory Frenzy With $29 Billion US Listing Plan (4)
is seeking 45.45 trillion won ($29.4 billion) in a US listing, tapping investor demand for high-flying memory-chip stocks even after a major selloff shook the group this week. The offering of American depositary receipts comes after SK Hynix’s Seoul-traded stock climbed about 850% in the past 12 months, lifting the company’s market value above $1 trillion. Shares gained another 11% at Thursday’s open.
SK Hynix $29 Billion US Listing to Seize on Memory Frenzy (2)
is seeking 45.45 trillion won ($29.4 billion) in a US listing, tapping investor demand for high-flying memory-chip stocks even after a major selloff shook the group this week. The offering of American depositary receipts comes after SK Hynix’s Seoul-traded stock climbed about 850% in the past 12 months, lifting the company’s market value above $1 trillion.
SK Hynix $29.4 Billion US Listing to Seize on Memory Chip Frenzy
is seeking 45.45 trillion won ($29.4 billion) in a US listing, tapping investor demand for high-flying memory-chip stocks even after a major selloff shook the group this week. The offering of American depositary receipts comes after SK Hynix’s Seoul-traded stock climbed about 850% in the past 12 months, lifting the company’s market value above $1 trillion.
SK Hynix Seeks $29 Billion With US Listing to Fund AI Boom (1)
is looking to raise 45.45 trillion won ($29.4 billion) in a historic US listing, as companies along the artificial intelligence supply chain rush to increase capacity to meet memory chip demand. At that size, the deal would be among the top five share sales of all time, comparable with ’s then-record 2019 initial public offering, according to data compiled by Bloomberg. Companies have been raising record amounts to fund the buildout of AI infrastructure in recent months.
SK Hynix Seeks $29 Billion With New US Listing to Fund AI Boom Original
is looking to raise 45.45 trillion won ($29.4 billion) by selling depositary receipts on the Nasdaq exchange. The company expects trading to start on July 10, according to a statement on Wednesday. The three leading makers of high-bandwidth memory, Samsung Electronics Co., Micron Technology Inc. and SK Hynix sit at the chokepoint of the global AI buildout, with their products forming a critical bottleneck for data-center expansion.
SpaceX Shares Waver Near $2 Trillion Mark After 3-Day Rout (1)
SpaceX shares fluctuated at the open Tuesday, after a three-day selloff that wiped off more than $600 billion from the -led rocket and satellite company’s market value. The stock fell as much as 3.9%, briefly dipping below the $150 level at which it opened during its trading debut earlier this month. The volatility comes amid a in technology and other high-momentum stocks, with the decline putting the shares on track to slip below $2 trillion in market capitalization.
SpaceX Surges for 2nd Day to Add $412 Billion in Value (Correct)
shares jumped in their second day of trading, adding to gains following a blockbuster that instantly vaulted it into the ranks of the world’s most valuable public companies. The stock climbed 20%, extending Friday’s 19% rally, to add $412 billion in market value. Shares closed at $192.46 on Monday, more than 42% above their $135 IPO price. The move boosts the company’s market value to more than $2.5 trillion, putting it among the top six largest companies in the world.
SpaceX Jumps 11% in Second Day of Trading After Record IPO (1)
shares jumped in their second day of trading, adding to gains following a blockbuster that instantly vaulted it into the ranks of the world’s most valuable public companies. The stock climbed as much as 11%, extending Friday’s 19% rally. The move boosts the company’s market value to more than $2.3 trillion, putting it among the top six largest companies in the world. At its current market capitalization, it’s less than $400 billion away from overtaking , which boasts a nearly $2.7 trillion value.
SpaceX Shares Rise, Set to Extend Gains After Record IPO
shares jumped in premarket trading Monday, after its blockbuster debut Friday vaulted it into the ranks of the world’s most valuable public companies. The shares climbed as much as 7.7% to $173.30, on track to extend Friday’s 19% gain. That had given the company a market value of about $2.1 trillion at the close last week, following its $75 billion initial public offering.
Allbirds Pivots to AI From Sneakers and Shareholders Love It (2)
, the once-buzzy maker of wool sneakers valued at more than $4 billion in its heyday, announced a new business plan just days before it planned to close down for good: AI computing infrastructure. And in a stock market that’s reacted in knee-jerk fashion to just about anything related to artificial intelligence, it did just that — sending Allbirds shares up as much as 876%.
Bank Stocks Recoup Some Losses as Earnings Ease Credit Fears (4)
US bank stocks stabilized Friday as a new set of earnings from regional lenders was solid, helping ease concerns over credit quality that sparked a sharp selloff. The jumped 1.7% Friday, with and among the top performers. The modest rebound follows a 6.3% plunge on Thursday, led by Zions and after they said they were victims of fraud on to funds that invest in distressed commercial mortgages.
Bank Stocks Steady as Earnings Ease Credit Fears After Rout (2)
US bank stocks steadied in premarket trading on Friday as solid earnings from regional lenders helped buoy sentiment after a sharp selloff. The latest crop of earnings helped bolster the group, with , and all rising in early trading after reporting lower provisions for credit losses than analysts expected. At strong results showed continued demand for car loans, allaying some worries about the health of the lower-income consumers.
Citymapper Owner Via Climbs 7.6% After $492.9 Million IPO (2)
shares increased 7.6% above their initial public offering price after the public transportation software maker and some of its backers raised $492.9 million. The maker of the Citymapper mobile navigation app reversed earlier declines to close at $49.51, above the of $46 per share. It had marketed shares for $40 to $44 each. The offering was well , Bloomberg News reported earlier. The trading gives Via a market value of around $3.9 billion.
Citymapper Owner Via, Holders Raise $492.9 Million in IPO (1)
Public transportation software maker and some of its shareholders raised $492.9 million in a US initial public offering priced above a marketed range. The maker of the Citymapper mobile navigation app and some of its backers sold 10.7 million shares for $46 per share, according to a Thursday, after marketing them for $40 to $44 each. The offering was well , Bloomberg News reported earlier. The pricing gives Via a market value of about $3.7 billion, based on the outstanding shares.
Robinhood, AppLovin Fall After S&P 500 Rebalancing Letdown (3)
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Subrat Patnaik - Basking Ridge, New Jersey, USA, Oncorre
Subrat Patnaik is a dynamic powerhouse in the IT industry. Since establishing Oncorre Inc. in 2007, he has driven the company beyond international borders, delivering tailored IT solutions that address the unique needs of each client. His entrepreneurial ventures into blockchain and software-defined networking are indicative of his continuous pursuit of innovation. Patnaik's energy and commitment to advancing technology have positioned Oncorre as a global leader in the IT services sector. Oncorre
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