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ASX:LYC.AX News 20 January 2026

Lynas Rare Earths share price sinks 6% — what investors watch before the Jan. 21 update

Lynas Rare Earths share price sinks 6% — what investors watch before the Jan. 21 update

Sydney, Jan 20, 2026, 17:06 (AEDT) — Market closed Lynas Rare Earths Ltd (LYC.AX) dropped 6.3% to close at A$15.25 on Tuesday, marking one of the sharpest declines among actively traded Australian shares. The stock saw over A$100 million in value traded during the session. (Australian Securities Exchange) The decline sets the stage for Wednesday’s crucial update: Lynas plans to…
20 January 2026
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Stock Market Today

  • Tiger Global and Microsoft Exit PhonePe as IPO Reveals Major Share Sale
    January 22, 2026, 7:51 AM EST. Tiger Global and Microsoft plan to fully exit PhonePe, the Walmart-backed Indian fintech, through its IPO. PhonePe aims for a $15 billion valuation, surpassing its $12 billion valuation in January 2023. The IPO will raise up to $1.5 billion with 50.66 million shares offered. Walmart retains majority control but will sell about 9%. PhonePe, founded in 2015, dominates India's digital payments market, processing 9.81 billion transactions in December 2025, outpacing Google Pay. Its revenue increased 22% to $428 million in six months ended September 2025, though losses widened. The share sale is by existing investors; no founders are selling shares.
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