WhatsApp Outage Hits Trading In Assets From Crypto To Russian Oil
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In India, for example, market chatter on WhatsApp has moved to Telegram where there are fewer restrictions on the size of group chats.
The outage also came after markets had closed in much of Asia, limiting any impact.
Aramco's market launch saw the Saudi oil behemoth's value soar to $1.88 trillion, far ahead of other firms in the trillion-dollar club, including Apple and Microsoft
Dalma Capital, a Dubai-based alternative investment firm, was lead arranger for the Nasdaq Dubai listing.
Corporate finance advisor 01 Capital and investment firm Razlin Capital, both based in London, advised on the listing and Pinsent Masons was legal counsel for the listing process.
"We are planning to subscribe to the IPO in two funds that we manage," said Zachary Cefaratti, chief executive officer of Dubai-based Dalma Capital Management Ltd, adding that the preliminary valuation was "in line with our expectations".
Dalma Capital, a Dubai-based alternative investment firm, was 3iQ's syndicate manager for the fund's Middle East expansion. Corporate finance advisor 01 Capital and investment firm Razlin Capital, both London-based, advised on the listing and Pinsent Masons was legal counsel for the listing process.
"It's likely that we will see Aramco bid up to $2 trillion or higher in the first days of trading," Zachary Cefaratti, chief executive officer at Dalma Capital Management -- which bought shares in the IPO -- told Bloomberg News.
The oil giant said it plans to sell 1.5% of the company, or about 3 billion shares, at an indicative price range of 30 riyals to 32 riyals, valuing the IPO at as much as 96 billion riyals ($25.6 billion) and giving the company a potential market value of between $1.6 trillion and $1.7 trillion.
DUBAI, Nov 17 (Reuters) - Saudi Aramco is worth up to $1.7 trillion at the price range set by the oil giant on Sunday, below the $2 trillion sought by Saudi's crown prince but putting it in the running to become the world's biggest IPO.
Saudi Aramco President and CEO Amin Nasser (2nd L) rang the bell during the official ceremony launching the debut of the oil giant's IPO on the Riyadh's stock market
Aramco cannot sell its shares directly to investors in the United States and other markets, as the initial public offering (IPO) will be restricted to Saudis and those foreign institutions permitted to invest in the kingdom's stock market.
In its original prospectus, published on Nov.
9, Aramco said the domestic IPO would be made to institutional investors outside the United States according to Regulation S of the United States Securities Act of 1933, and inside the United States under the Rule 144A of the U.S. Securities Act.
"The average institutional investor received less than 1/6th of the shares they bid for in the IPO, and have had to buy shares on the open market," Cefaratti said of the Aramco deal, which became the world's largest, topping the $25 billion 2014 listing of China's Alibaba.
WhatsApp usage among financial traders tracked by communications surveillance firm VoxSmart has boomed as banks accept that clients want to use the platform, even if bosses prefer their staff to use official messaging channels, VoxSmart CEO Oliver Blower said.
DUBAI, April 20 (Reuters) - Canadian digital asset management firm 3iQ has received regulatory clearance for a dual listing of the Bitcoin Fund on Nasdaq Dubai, making it the Middle East's first indexed cryptocurrency digital asset-based fund, 3iQ's chief executive said.
