Turkish Lira, Paytm IPO, Stripe Stays Private & SoftBank Sells SoFi (Stock Market News)
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 Published On Nov 23, 2021

In today's stock market news we talk about the Turkish lira, the Paytm IPO crash, Stripe staying private and SoftBank selling SoFi. No sub yet? No prob:
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Today's stock market news:
Turkish lira
The Turkish lira crashes 8% after comments from the president of Turkey.
He defended lower rates and said that would not lead to higher inflation.
The currency has lost 85% versus the US dollar in the last 8 years.

Paytm stock
The Indian company Paytm had their initial public offering a few days ago.
The stock plummeted 35% within just two days and is now recovering.
Many analysts say the stock is still too pricey at this moment.

Stripe stock
Stripe is happy to stay private after they reached a valuation of 95 billion dollars.
The digital payments company said it has no immediate plans to go public.
Stripe raised 600 million dollars in March and has become the most valuable US startup.

SOFI stock
And SoftBank sells 22.5 million SoFi shares at 21 dollars and 60 cents.
They currently still hold about 95 million shares in total.
SoFi has been trading between 15 and 25 dollars for a long time now.

Sources:
https://seekingalpha.com/news/3773582...
https://finance.yahoo.com/news/stripe...
https://finance.yahoo.com/news/paytm-...
https://www.reuters.com/markets/rates...

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Tags: Turkish lira, Turkey inflation, Paytm stock, Paytm IPO, Stripe stock, Stripe IPO, best US startup, SoFi stock, SoftBank SoFi, stock o'clock, stock news, stock market news, finance news, breaking news, crypto news, business news, investing news

Hashtags: #lira #inflation #paytm #stripe #ipo #sofi #softbank #stocks #stockmarket #investing

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