financeFriday, October 9
IPO sentiment took a hit today. Firmus, the Nvidia-backed AI datacenter company, withdrew its ASX listing, and a report on OpenAI's revenue rattled tech stocks. Meanwhile, Airtel Money's London debut went ahead, and the ATO's credit card ban got delayed.
Two big listings went in opposite directions, but the mood was cautious.
Firmus, the Nvidia-backed AI datacenter company, pulled what would have been the biggest ASX float since Telstra, citing insufficient investor demand. It will now chase private capital instead, a notable reversal for a high-profile AI infrastructure play.
Tech stocks dipped after a report pegged OpenAI's annualized revenue at roughly $50 billion, about $20 billion below earlier estimates. The gap between what the company told investors and what media had reported spooked the market.
Airtel Money debuted on the London Stock Exchange in a $703 million secondary IPO, the city's biggest in five years. The listing values the fintech at $7 billion but raises no new capital, as it's entirely existing shares.
Governments stepped in to ease business pain points on two continents.
Australia's treasurer overruled the ATO's ban on credit card payments for tax bills, pushing the start date to July 2027 after small business outcry. The government will fund a transition period.
Hindustan Unilever is raising prices across beauty, home care, and personal care segments to offset 8-10% material inflation. It's also boosting capex to 3% of turnover, betting on long-term volume growth.
Plan ahead for ownership after the death of a business partnerwww.dailymaverick.co.za
Nvidia-backed Aussie AI firm Firmus withdraws historic IPO, citing market volatilitywww.cnbc.com
TCS share price jumps over 5% as investors cheer Q2 growthwww.thehindubusinessline.comAirtel Money Aims For $700 Million Share Sale With London Trading To Begin October 9www.sahi.com
Bharti Airtel’s subsidiary, Airtel Money, is executing a $703 million secondary IPO on the London Stock Exchange at a fixed offer price of £1.96 per share. Valuing the debt-free fintech unit at $7 billion, the listing consists strictly of existing shares with no new capital being
BREAKING: Nigeria’s net foreign reserves rise to record $46 billionnairametrics.com
Nigeria’s net foreign reserves have risen to $46 billion, while stability in the foreign exchange market is helping to strengthen investor confidence, Central Bank of Nigeria (CBN) Governor Olayemi Cardoso has said. The post BREAKING: Nigeria’s net foreign reserves rise to record
Incoming lending wars? Lido unveils security-first protocol for $54B on-chain credit marketbitrss.com
Lido is positioning a new lending protocol as a solution to increasing DeFi exploits.
Bitcoin Price Could Hit A New All-Time High Within 90 Daysbitrss.com
The post Bitcoin Price Could Hit A New All-Time High Within 90 Days appeared first on Coinpedia Fintech News Analyst Timothy Peterson says he expects Bitcoin to set a new all-time high within 90 days. His reasoning is historical:...
US midterms: Scenarios, and what they can mean for AI and bond yieldswww.home.saxo
Key points: Gridlock could be the most market-friendly outcome. A divided Congress may limit further fiscal expansion, potentially easing pressure on bond yields and supporting equity valuations. AI faces political risks, but the bigger challenge is financing. Election outcomes c
Violence and mayhem in Durban anti-immigrant marchwww.moneyweb.co.za
One person reportedly shot and in hospital.
Tucker Carlson on Trump, treason, the Iran war and why he admires the GCCwww.arabianbusiness.com
Energy prices, economic damage and a presidential legacy is at stake. Speaking to Arabian Business in Abu Dhabi, Tucker Carlson sets out his case against the Iran war, the warnings he says he delivered to Donald Trump, and the consequences he fears for the US and the Gulf
Government delays ATO move to stop accepting tax payment by credit cardinsidesmallbusiness.com.au
The ATO will continue accepting credit card payments for tax obligations until the end of next June. The post Government delays ATO move to stop accepting tax payment by credit card appeared first on Inside Small Business .
Meta bans TikTok ads on its platforms in USwww.globalbankingandfinance.com
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