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LSE:POLR 19 January 2026

Polar Capital share price slips despite Deutsche Bank target hike as £15m buyback kicks off

Polar Capital share price slips despite Deutsche Bank target hike as £15m buyback kicks off

Polar Capital shares fell 0.96% to 619 pence in London on Monday, even as the company began a £15 million buyback after reporting a 6% quarterly rise in assets under management to £28.4 billion. Deutsche Bank Research raised its price target to 750 pence and maintained a “buy” rating. The buyback, managed by Deutsche Numis, will run through July 19 using existing cash reserves.
19 January 2026

Stock Market Today

  • SpaceX Shares Plunge Over 2% After $400 Billion Selloff Post-IPO
    June 23, 2026, 5:25 AM EDT. SpaceX shares fell more than 3% in early trading Tuesday, extending a $400 billion market value loss following a 16% drop Monday. The space and AI company, which briefly hit a $2 trillion market cap after its June 12 IPO, saw investor enthusiasm wane after initial gains exceeding 50% above the offering price. Despite announcing a senior unsecured notes offering and a strategic deal with AI startup Reflection, sentiment shifted, pushing shares down more than 24% in four days. SpaceX's decline reflects cooling investor appetite after a record-breaking market debut that briefly surpassed Amazon and Microsoft in valuation.

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OpenAI pushes $100 billion ChatGPT ad push into key spot in IPO pitch

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OpenAI told investors it expects $2.5 billion in ad revenue this year and $100 billion by 2030 as it expands ChatGPT ads to Brazil, Mexico, and India, aiming to strengthen its case for a potential $1 trillion IPO, but high costs and slower-than-expected ad market growth could pressure its valuation or timing.
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