Shares of banks and other financial institutions rose after SpaceX priced its initial public offering at the anticipated price. The rocketry giant, whose offering is being managed by Goldman Sachs Group, Morgan Stanley and others, priced the IPO at $135 a share, making it the largest stock-market launch in history.
Citigroup is establishing a way for its wealthy and institutional clients to trade shares of private companies through a blockchain, a venture it hopes will be adopted by other banks across Wall Street.
Accounting firm Crowe agreed to sell a stake to KKR, the latest in a wave of private-equity investments across the industry as firms seek capital to speed up their AI adoption and expansion efforts.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
