Latest from nasdaq
Girish Mathrubootham's Freshworks made its debut on Nasdaq on Wednesday (local time), after a billion-dollar IPO.
Byhindustantimes.com, New Delhi
Highly valued technology companies including Microsoft Corp, Alphabet Inc, Apple Inc, Amazon.com Inc and Facebook Inc fell between 2.3% and 4.2%.
InMobi Group’s mobile advertising technology entity aims to raise between $800 million and $1.2 billion through an initial public offering (IPO) and may look at Nasdaq for its listing, said one of the persons mentioned above.
China’s CSI 300 equity gauge plunged more than 3% before bouncing back after state-related funds stepped in to ensure market stability. Nasdaq 100 contracts outperformed as US futures rallied.