AirbnB Increases IPO Price
According to the Wallstreet Journal, Airbnb will increase its initial public offering (IPO) price range to between $56 and $60 pushing the company’s valuation to $42 billion ahead of its stock market debut on Thursday.
Tesla Hits All Time High
Shares of Electric car maker Tesla hit an all time high of $648 on Monday pushing the company’s market cap beyong $600 Billion.
The spike was driven by a report by Gold man Sachs which upgraded the stock price target by 40% from $550 to $780 per share.
“The shift toward battery electric vehicle adoption is accelerating and will occur faster than our prior view,” the statement noted at the time.
Tesla is also expected to be listed on the S&P 500 from December 21.
Kodak Shares Rise
Shares of Eastman Kodak Co. spiked by over 60% on Monday after a report that a probe found no wrongdoing regarding a government loan to the company.
The US International Development Finance Corp. said it “discovered no evidence that employees of the agency had any conflicts of interest in the plans, nor was there any evidence of misconduct on the part of DFC official.”
Nokia Expect 6G to be launched by 2030
Nokia is expecting the 6G systems to be ready for commercial use by 2030, according to a press release.
Under the EU funded Hexa-X project, Nokia will take the lead with a focus on supporting preventive healthcare, but also on improving the productivity of several other sectors.
Apart from Hexa-X, Nokia is also involved in more European 6G initiatives, actively participating in the “development and deployment of the next-generation network technologies and services.”
