Oil prices decreased – 04-24-24 – 2024-04-25 19:43:08

As a result of the April 24 trading sessions of the world’s largest commodity exchanges, the following oil prices were set.

On NYMEX (New York Merchantile Exchange) exchange, the price of WTI (Light Sweet) oil decreased by 0.67% and amounted to 82.89 dollars. The price of Brent oil on the London IСE (InterContinental Exchange Futures) exchange decreased by 0.40% and amounted to 88.12 dollars.

The unit of measurement for oil is the barrel. One barrel is 158.98 liters.

The New York Mercantile Exchange (NYMEX) is an American futures exchange founded in 1882 and is the number one oil futures exchange. Currently, trading continues on two exchange units: NYMEX tracks for oil, gas, platinum, palladium, ethanol, coal, electricity and carbon dioxide emissions, and COMEX tracks for gold, silver, copper, aluminum.

The London Intercontinental Exchange (ICE) is a London-based global financial futures and options exchange established in 1982.

Rubrik IPO: Data Management Software Maker Soars in NYSE Debut, Raises $752 Million

Rubrik’s NYSE debut and successful IPO have showcased the growing interest in tech companies among public market investors. With its strong financial backing from investors like Microsoft and its strategic focus on subscription-based revenue models, Rubrik has demonstrated its potential to become a leading player in the data management software industry. As the company continues to navigate the public markets, its ability to deliver on its promises and maintain a competitive advantage will be key to its long-term success.

In recent years, the tech IPO market has experienced fluctuations due to changing investor preferences and economic concerns. However, Rubrik’s successful debut suggests a potential shift in the market dynamics. With the recent IPOs of Reddit and Astera Labs, which both saw positive responses from investors, more young technology companies may be encouraged to go public.

Introduction

Microsoft’s investment in Rubrik in 2021 highlights the company’s potential and attracts attention from other investors. Rubrik’s co-founder and CEO, Bipul Sinha, holds 8% control of the company, while Lightspeed Venture Partners, where Sinha was previously a startup investor, possesses 25% of the voting power. Sinha emphasized the importance of market conditions and investor interest in determining the timing of Rubrik’s IPO. He spent considerable time engaging with public market investors, gaining insights into their preferences for strong and successful companies that can sustain long-term growth.

A Successful Debut

Rubrik’s IPO success signifies the company’s preparedness and ability to seize market opportunities. While external factors such as market conditions play a role in determining the timing of an IPO, Rubrik’s focus on building a durable business and offering unique solutions in the marketplace has positioned it for success. As Rubrik continues to perform well as a publicly traded company, its ability to stay public and maintain its competitive edge will be crucial.

Changing Dynamics in the Tech IPO Market

Rubrik, a data management software maker, made a strong entrance into the New York Stock Exchange (NYSE) on Thursday, as its shares soared in its initial public offering (IPO). This positive response from public market investors indicates a growing interest in tech IPOs, a trend that has been observed recently. Rubrik raised an impressive 2 million in its IPO, positioning itself as a promising player in the data management software industry.

Rubrik’s Growth and Business Model

Founded a decade ago, Rubrik reported a net loss of 4 million in its latest fiscal year, compared to a 8 million loss the previous year. Despite these losses, the company has made significant progress in diversifying its revenue streams. Currently, Rubrik generates 91% of its revenue from subscriptions, a notable increase from 59% two years ago. This shift towards subscription-based models demonstrates Rubrik’s ability to adapt to changing market demands and build a more sustainable business.

Key Investors and Market Preparation

Rubrik’s stock opened at .60 per share on the NYSE, well above its IPO price of per share. The company’s decision to price its shares above the expected range of to per share proved to be a wise move, reflecting the strong demand for its offering. By selling 23.5 million shares, Rubrik secured an impressive 2 million in funds and achieved a valuation of .6 billion.

The Road to Success

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Conclusion

Shares of data management software maker Rubrik jumped in its New York Stock Exchange debut Thursday, the latest sign that public market investors are showing an appetite for tech IPOs.

This story is developing. Please check back for updates.

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The Beijing Motor Show became the battleground for new energy vehicles … The challenge of global companies

[앵커]

The Beijing Motor Show was held for the first time in four years.

1,500 companies, including global manufacturers, participated in the exhibition hall, which has an area the size of 23 football fields, with a comprehensive range of electric vehicle technologies targeting China’s growing electric vehicle market.

Beijing reporter Bae Sam-jin visited in person.

[기자]

People gathered like a cloud, everyone holding their smartphones and staring at the stage.

This is the announcement of the WORLD’s new car, which last year beat Tesla to become the No.1 global electric vehicle company.

A medium electric sedan starting at 120,000 yuan can be charged to 80% in 25 minutes, and the ultra-luxury electric sedan U7 is a competitive model with the Mercedes-Benz S-Class and Porsche Panamera.

“With the launch of the two brands, Chinese new energy vehicles have replaced traditional fuel vehicles, and this trend cannot be reversed.”

The Xiaomi booth was also so crowded that there was no room to walk.

Hundreds of people stood in a long line to see the electric vehicle ‘SU7’, and the plan is to provide 10,000 units by June and 100,000 units within the year.

“The biggest concern is sales volume, and as of last Saturday, confirmed orders exceeded 70,000 units.”

Chinese companies such as Shanghai Auto, Geely, and Hongqi have also released new cars one after the other, and Huawei also unveiled the electric car ‘Xiangjie S9’ for the first time together with Beijing Auto.

The Beijing Motor Show, held for the first time in four years, showcased around 270 new energy vehicles, including Xiaomi’s SU7, making it a battleground where global and Chinese companies clashed over electric vehicle technology .

So-called global manufacturers also set up large booths and challenged the Chinese market.

Mercedes-Benz introduced the high-performance G-Wagen electric vehicle model, while BMW and Volvo all introduced small electric vehicles.

Hyundai Motor Company, Kia Motors, and Genesis have also rolled up their sleeves to target Chinese consumers.

The high performance trims ‘Ioniq 5 N’ and ‘GV60’ caught the attention of visitors, and the compact SUV ‘Sonet’ is a strategic model for local use in China.

About 1,000 people were sent to analyze the Chinese electric vehicle market.

“We have expressed our intention to seriously enter the Chinese high-performance electrification market and continue our differentiated electrification strategy.”

China has emerged as the world’s largest electric vehicle market.

As more than 100 manufacturers compete fiercely for survival based on performance and price, it becomes both an opportunity and a challenge for global companies.

This is Bae Sam-jin from Yonhap News TV in Beijing. (baesj@yna.co.kr)

#BeijingMotorshow #NewEnergyVehicle #ElectricVehicle #GlobalMaker

Yonhap News TV article inquiries and reports: KakaoTalk/Line jebo23

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#Yonhap #News

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