Cloudera Going Private, SoFi CEO on Market Debut Today & the Latest Cyberattack
TechCheck
CNBC
4.5 • 66 Ratings
🗓️ 1 June 2021
⏱️ 44 minutes
🧾️ Download transcript
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| 0:00.0 | I'm Deerreboza, and you're listening to CNBC's Tech Check. |
| 0:03.5 | Our show is live weekdays at 11 a.m. Eastern. Listen in. |
| 0:25.5 | Happy Tuesday. welcome to Tech Check. I'm John Fort with Carl Kempiniere and Dio Jorboe. |
| 0:27.8 | Today, AMC's CEO embraces Wall Street bets while also raising $230 million in a stock sale. |
| 0:35.3 | Stock up about 11% to start the month. And the Cloud Era goes |
| 0:38.6 | private. The breakdown of the $5 billion mega deal taking one more software player off the market. |
| 0:45.0 | And later, Tesla's are getting pricier. What Elon Musk is saying about the global chip shortage. |
| 0:52.0 | Well, John, it's the first save trading here in June. |
| 0:54.2 | Stocks were up. |
| 0:55.4 | Big to start this morning session. |
| 0:57.4 | Well off those highs, however, now tech once again underperforming the other indices. |
| 1:02.8 | NASDAQ has been hovering around the fly line, now down 4 tenths of 1%. |
| 1:07.1 | Bitcoin trying to regain that 37,000 level, Carl. |
| 1:16.8 | Our feed this morning begins with going public, got some new data out of Deologic. |
| 1:19.9 | It shows the IPO market has definitely cooled. |
| 1:25.5 | All of those 40% pops that we saw in January and February have basically been cut in half, |
| 1:29.0 | down to an average of about 18% at the end of May. |
| 1:33.1 | A number of recent debuts last month actually fell in their first day of trade. |
| 1:36.1 | Same story for SPACs, which, as you know, have dried up a bit. |
| 1:43.1 | Refinitive data shows only 4% of investment banks' total fees came from SPACS in April and May. That number was as high as 22% at the start of the year. |
| 1:47.0 | Some context ahead of our interview at the bottom of the hour with Sophies, Anthony Nodo, who takes his company public via a merger with one of Tumath, Paula Hapitia's SPACS. |
| 1:57.0 | John, that first day trade thing will be interesting in terms of how it affects sentiment. |
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