THE IPO WIRE
CoVolt Power, Inc.KVLT · NYSE

CoVolt Power files for NYSE IPO with a nine-bank syndicate

CoVolt Power just filed its S-1 to list on the NYSE, and it lined up nine banks led by J.P. Morgan, Jefferies, RBC and UBS to do it. No price range or share count yet, so the first amendment is where the deal gets real.

Source: SEC filing
New ETF launches3 new ETFs hit the market · Aug 21
  • HXAMast HedgeIndex Corporate Arbitrage ETFalternative0.99%
  • HXCMast HedgeIndex Strategic Commodities ETFcommodity0.69%
  • HXEMast HedgeIndex Adaptive Equities ETFequity0.99%

Mast owns the entire day's launch slate, wrapping hedge fund style strategies into three ETFs: corporate arbitrage, adaptive equities and commodities. Two carry 0.99% net expense ratios, hedge fund tactics at ETF access.

Biggest movers · At the close
  • FUTUFutu Holdings$123.72+9.8%
  • TEMTempus AI$72.55+8.8%
  • IONQIonQ$45.16+8.7%
  • RIVNRivian$17.11+6.8%
  • HIMSHims & Hers$33.74+5.9%
  • CIFRCipher Mining$15.76-8.4%
  • AAOIApplied Optoelectronics$124.48-3.6%
  • FUBOfuboTV$10.25-3.2%
  • ARMArm$243.16-3.0%
  • IRENIren$41.32-3.0%

Futu Holdings closed up 9.75%, the biggest move in a 110-stock priority list where five names finished higher by 5% or more. The downside was far tamer: only Cipher Mining lost more than 4%.

CLOSING BELL
U.S. Markets
  • S&P 500+0.51%
  • Dow Jones Industrial Average+0.84%
  • Nasdaq Composite+0.44%

The Dow's 444-point close, nearly double the Nasdaq's percentage gain, says money kept rotating into cyclicals and away from megacap tech all session. Anyone positioned purely in AI names got the smallest slice of today's rally.

IPO TERMS REVISED
Little West Holdings Inc.LILW · Nasdaq
$4–$6 / share$18.8M raise3,750,000 shares

Little West sets $4-$6 range on eighth S-1/A, targeting $18.75 million

Eight amendments in, Little West Holdings has finally put a number on its Nasdaq debut: $4 to $6 a share for 3.75 million shares, or about $18.75 million with Benchmark running the book. A priced range this late in the process is usually the last step before the deal goes live.

Source: SEC filing

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Crypto

What Would Have to Happen for Bitcoin to Reclaim $100,000?

Bitcoin has surged more than 20% in a single week, putting six figures back on the table after months of painful losses. But the forces driving this rally reveal exactly how fragile the path to $100,000 really is.

Earnings on deck — Aug 24–28
113 companies65 before open48 after close

China consumer demand gets its verdict Monday before the open, when PDD and XPeng headline a 113-company week. Woodside Energy follows after the close, and DICK'S Sporting Goods tests the US shopper Tuesday morning.

  • XPEVXPeng Inc.Mon Aug 24Before open
  • PDDPDD Holdings Inc.Mon Aug 24Before open
  • NSSCNAPCO Security Technologies, Inc.Mon Aug 24Before open
  • GGRGogoro Inc.Mon Aug 24Before open
  • NCTYThe9 Ltd.Mon Aug 24Before open
  • XYFX FinancialMon Aug 24Before open
  • GRRRGorilla Technology Group Inc. Mon Aug 24After close
  • PICSPicS N.V.Mon Aug 24After close
  • TUYATuya Inc.Mon Aug 24After close
  • WDSWoodside Energy Group LtdMon Aug 24After close
  • DKSDICK'S Sporting Goods, Inc.Tue Aug 25Before open
  • BNSThe Bank of Nova ScotiaTue Aug 25Before open
  • GFIGold Fields LimitedTue Aug 25Before open
  • SLQTSelectQuote, Inc.Tue Aug 25Before open
  • VIPSVipshop Holdings LimitedTue Aug 25Before open
Biggest dividend payouts · Aug 21
WMTWalmart
$2B$0.25 per share
  • 2AMGNAmgen$2.52/sh$1.4B
  • 3VTRSViatris$0.12/sh$138M
  • 4SBLKStar Bulk Carriers$0.90/sh$101M
  • 5CBCCentral Bancompany, Inc.$0.12/sh$28.7M

Walmart is sending shareholders about $1.97 billion, or 24.75 cents a share, with the money arriving September 8. Amgen is close behind at roughly $1.36 billion, and its $2.52 a share is the biggest per-share payment on today's list.