All articles tagged with #nasdaq debut
American Bitcoin, a crypto mining company linked to the Trump family, had a volatile debut on Nasdaq, ending up over 16%, and is part of the Trump family's expanding crypto portfolio, which includes other ventures like World Liberty Financial. The company owns 2,443 BTC worth approximately $273 million and plans to mine and buy Bitcoin to maximize shareholder value.
Trump Media is suing two of its co-founders, who were also former "Apprentice" contestants, alleging mismanagement and seeking to strip them of their shares in the company, which includes the social media platform Truth Social. The lawsuit blames the co-founders for the rocky debut of Truth Social and seeks to claw back their 8.6 million shares, currently valued at $432 million. Litinsky and Moss, the co-founders, had previously filed a complaint to prevent former President Donald Trump from reducing their combined 8.6% stake in Trump Media. Trump, who owns about 57% of the company, and other top shareholders are currently under a "lock up" provision that bars them from selling shares for at least six months.
Lotus Technology, a luxury electric vehicle company majority-owned by Geely Holding, debuted on Nasdaq with a market capitalization of $9.3 billion, slightly lower than Nio's $11.2 billion. The company's stock, trading under the ticker symbol "LOT," rose 2.15 percent on its first day of trading. Lotus Technology's listing is the largest of a China-concept stock this year and will support the development of its next-generation automobility technologies and global distribution network expansion.