Hints and tips:
...Stripe, the payments plumbing company, at its private valuation peak clocked in at $95bn. Klarna, the money-losing buy now, pay later start-up, once hit $45bn....
...But these funds, absent an unreasoning stampede out of them, should still offer a decent shelter for nervous capital....
Tiger Global making about one investment every two days, according to PitchBook data
...CRH’s decision echoes that of Ferguson, the plumbing and heating supplier formerly known as Wolseley, which last year moved its primary listing to the US....
...The company, which is majority owned by billionaire Ken Griffin, forms a critical part of the plumbing of US financial markets....
...Will partygoers leave in a slow trickle, or in a stampede? The staid credit analysts at S&P suspect the former....
...Ribbit to the rescue of RobinhoodWhen Robinhood needed cash quickly last month in the GameStop stampede (the retailer’s shares were down to $49 today from $483 on January 28), it didn’t turn to its oldest...
...Sean Horgan, an analyst with Rosenblatt Securities, noted that the uptick in trading activity would also lift other companies who manage the plumbing of US financial markets, including stock exchanges....
...The New York Stock Exchange is planning to review the effectiveness of market-wide systems designed to dampen extreme volatility after circuit-breakers were tripped several times last month during a stampede...
...The stampede out of risky assets was underlined by new figures showing that $23bn was withdrawn by investors this week from funds that invest in global equities....
...Visa to weave Plaid into operations Visa is paying $5.3bn for Plaid, a fintech plumbing outfit that connects its clients' apps with their customers’ bank accounts....
...The firm could instead become part of the basic plumbing of the financial system, lending money in its own right and allowing borrowers to bypass the battered banks that had just received a $500bn bailout...
...As turmoil has hit global markets in the coronavirus crisis, a stampede for the exits has made this process even more challenging....
...Even so, reports that buyout firms are interested in Euroclear, a vital part of Europe’s financial market plumbing, might cause unease....
...After all, if active managers stampede away in the wake of third-party analysis of existing public information, what value are they really adding?...
...If Alphaville LLC, a theoretical manufacturer of a useless widget, had a German plant with over a 1,000 employees, a decision to close said plant would come with a wave of painful costs....
Uber, Lyft and Pinterest rush to go public ahead of possible change in investor sentiment
...“The majority message to the SEC was that it’s the boring stuff, the execution and plumbing that separates companies from their owners, that’s in dire need of reform.”...
...Sarah Wilson, chief executive of Minerva, a UK-based proxy adviser, says improvements are needed in the shareholder voting process but she argues that this reform should centre on the plumbing — or how shareholders...
...Gabriela Hearst Inspired by the jewels in Quentin Massys’s painting “Christ presented to the People,” Gabriela Hearst unveiled her first jewellery collection shortly before her SS19 show, and caused a stampede...
...Such a shadow-bank run would be reminiscent of 2008, when a major US money-market fund “broke the buck” (announcing its share were worth less than a dollar), causing a stampede of redemptions....
...That includes not only engaging in high-level discussions with regulators on whether the overall market plumbing is up to snuff, but also working to make sure NYSE’s own in-house network of human traders...
...The latest glitch in the US market plumbing highlights how reliant trading has become on technology, forcing traders and investors to adapt to periodic technical problems....
...The London interdealer broker is close to selling its global broking business to rival Tullett Prebon, after which it will become NEX Group and focus on electronic trading and plumbing for over-the-counter...
...ECB policy decision day has arrived, and it’s time for everyone’s other favourite Italian with a knowledge of (market) plumbing to take to the stage....
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