BUSINESS

LIC Shares Tumble In Market Debut After Record India IPO

Life Insurance Corporation of India (LIC) logo is seen displayed on a smartphone in this illustration taken February 20, 2022.
Shares in Life Insurance Corp of India (LIC) slid nearly 8% in its market debut on Tuesday, a fresh setback for the state-owned giant as its record-breaking, oversubscribed IPO raised far less than expected for the government.
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A Netflix logo is shown on a TV screen ahead of a Swiss vote on a referendum called "Lex Netflix" in this illustration taken May 9, 2022.

Netflix, Meta Dumped By Hedge Funds As Tech Sell-off Continues

Tiger Global Management, Winslow Capital Management, and Scopus Asset Management were among funds that sold all of their shares of streaming company Netflix Inc before the company reported its first loss of subscribers in over a decade in March, according to securities fillings released Monday.
People watch as the logo for Coinbase Global Inc, the biggest U.S. cryptocurrency exchange, is displayed on the Nasdaq MarketSite jumbotron at Times Square in New York, U.S., April 14, 2021.

Jupiter, Yarbrough Among Investors Who Sold Coinbase Before Big Fall

Jupiter Asset Management, Azora Capital LP and billionaire Jon Yarbrough's family office were among funds that sold all of their stakes in cryptocurrency company Coinbase Global Inc before the company fell nearly 30% to record lows in early May, according to filings released on Monday.

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