AGP Executive Report
Last update: 6 hours agoIPO Demand: Reliance Jio’s $3.2 billion offering drew about $25 billion in institutional bids—nearly 30 times the anchor-investor allocation—putting global appetite for India’s largest listing to the test. AI Valuations: Anthropic’s quarterly revenue surged to $16.8 billion, but slower growth has unsettled investors; valuation doubts are also weighing on AI infrastructure firm Nscale’s planned IPO. Markets and Rates: US shares were mixed as tech stocks rebounded, while AI spending concerns kept sentiment fragile. European shares and the euro fell as French bond yields climbed amid political turmoil, and markets have almost fully priced in a 25-basis-point New Zealand rate hike on October 28. UK Investment: A Teneo survey found 58% of investment decision-makers see the UK as less attractive than five years ago; nearly a third said sharp tax rises could prompt them to pause or cut investment.
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