Today: 9 April 2026
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AMS:CSG 23 January 2026 - 6 February 2026

Europe IPOs today: CSG edges up, Rising Stone opens books, and Frankfurt’s next big float takes shape

Europe IPOs today: CSG edges up, Rising Stone opens books, and Frankfurt’s next big float takes shape

CSG shares rose 1.4% to 30.88 euros Friday after the defence group expanded its board and named its first investor-relations chief. The company’s Excalibur Army unit secured over $300 million in Southeast Asian contracts for Patriot armoured vehicles. Rising Stone’s Paris IPO opened for subscriptions, while TK Elevator’s owners picked banks for a possible Frankfurt listing. Europe’s IPO calendar remains thin.
6 February 2026
Record defence IPO: Czech arms group CSG jumps as much as 32% in Amsterdam debut

Record defence IPO: Czech arms group CSG jumps as much as 32% in Amsterdam debut

Czechoslovak Group (CSG) shares jumped as much as 32% in their Amsterdam debut after pricing at 25 euros, following a record 3.3 billion euro IPO. The offering valued CSG at 25 billion euros and could reach 3.8 billion euros if the over-allotment is used. By 0812 GMT, shares traded at 30.235 euros, up 20.9%. BlackRock, Artisan Partners, and Al-Rayyan Holdings each committed 300 million euros as cornerstone investors.

Stock Market Today

  • iShares U.S. Financials ETF Faces $189.7 Million Outflow Amid Mixed Stock Moves
    April 9, 2026, 11:44 AM EDT. The iShares U.S. Financials ETF (IYF) reported a $189.7 million week-over-week outflow, a 5.3% drop in shares outstanding to 27,650,000 units. Key holdings saw varied activity: Citigroup Inc (C) fell 0.4%, Charles Schwab Corp (SCHW) declined 0.1%, while Chubb Ltd (CB) rose 0.5%. IYF last traded at $121.97, positioned between its 52-week low of $100.67 and high of $133.54. Outflows imply underlying holdings are sold as ETF units are destroyed. Monitoring such flows helps understand market trends within financial sector ETFs and the ripple effects on their major stock components.

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Salesforce Stock Hits Fresh 52-Week Low Despite AI Growth and $50 Billion Buyback

Salesforce Stock Hits Fresh 52-Week Low Despite AI Growth and $50 Billion Buyback

9 April 2026
Salesforce shares hit a new 52-week low Thursday, dropping 3.7% to $169.76 despite reporting 12% revenue growth and strong demand for its AI products. The broader software sector continued to slide, with the S&P 500 software and services index down about $1 trillion since January. Salesforce raised its buyback authorization to $50 billion and increased its dividend to 44 cents a share.
ServiceNow Stock Hits Fresh 52-Week Low as Analysts Cut Targets Ahead of Earnings

ServiceNow Stock Hits Fresh 52-Week Low as Analysts Cut Targets Ahead of Earnings

9 April 2026
ServiceNow shares dropped 5.1% to $92.45 by 10:20 a.m. EDT Thursday, hitting a new 52-week low after analysts at Stifel, BTIG, and Goldman Sachs cut price targets citing weak federal spending and limited 2026 growth. The company announced it will integrate AI, data, security, and governance into all products ahead of first-quarter results due April 22.
SoFi Technologies Stock Slips as Wall Street Cuts Targets Ahead of Q1 Earnings

SoFi Technologies Stock Slips as Wall Street Cuts Targets Ahead of Q1 Earnings

9 April 2026
SoFi Technologies shares fell 1.9% to $16.18 Thursday after KBW and Wells Fargo cut price targets ahead of first-quarter results due April 29. The moves follow Muddy Waters’ short position and claims of accounting issues, which SoFi denies. Affirm and LendingClub also traded lower. Barclays and other banks have trimmed targets as concerns mount over credit quality and sector valuations.
Tesla revives cheaper EV bet with compact SUV plan in China after sales strain

Tesla revives cheaper EV bet with compact SUV plan in China after sales strain

9 April 2026
Tesla is developing a smaller, cheaper electric SUV to be built first in Shanghai, sources said. The new model would cost less than the Model 3 and be smaller than the Model Y. Tesla produced 408,386 vehicles but delivered only 358,023 in Q1, as U.S. demand weakened and competition increased. Shares fell 0.8% Thursday.
Grab Holdings Bets on AI as Group Ride Tool Targets 40% Lower Fares

Grab Holdings Bets on AI as Group Ride Tool Targets 40% Lower Fares

9 April 2026
Grab Holdings launched 13 new AI-powered products in Jakarta, including a “Group Ride” feature that can cut fares by up to 40% for shared routes. CEO Anthony Tan said the tools aim to offset rising fuel costs and support demand as households tighten spending. The company’s 2026 revenue and profit forecasts remain below analyst expectations. Grab’s $600 million deal to buy Foodpanda Taiwan is pending regulatory approval.
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