Playtika, a publisher of free mobile games, priced its initial public offering at $27 per share, it said Thursday evening. That means the company raised about $1.9 billion and could be valued at $11.1 billion in the public markets. Playtika’s IPO pricing, which is higher than the range it marketed, could indicate the firm’s bankers are optimistic the stock will jump when it opens Friday. It’s...
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Google’s Standoff with AI Chip 'Shark' Broadcom
Jim Cramer, CNBC’s “Mad Money” host, took a swipe at our report today that Google has set an internal goal to break from Broadcom, its supplier of artificial intelligence chips. Cramer called the story “patently false” on X. Cramer, who has been particularly bullish on Broadcom lately, is often criticized for dispensing bad advice—for example, telling his viewers earlier this year to buy shares...
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