Author: Lee Kern

Offshore

Shopify (SHOP)

Shopify (SHOP) shares rose after Stifel Financial upgraded the stock to buy. The broker expects Shopify to continue gaining market share in ecommerce.

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Offshore

Netflix (NFLX)

Netflix (NFLX) shares fell after reports it is considering live television channels and bundled streaming services. The discussions come as subscriber engagement shows signs of

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Offshore

SK Hynix

SK Hynix shares surged 17% after its Nasdaq debut. The American depositary receipts opened at $170 after pricing at $149, raising $26.50bn. The capital will

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Offshore

Meta Platforms (META)

Meta Platforms (META) shares jumped 6%, extending their weekly gain above 14%. Reuters reported the company plans to begin AI chip production in September. Investors

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Local

Visual International (VIS)

Visual announced that Serowe Industries has terminated its nonbinding offer to acquire up to 34.9% of the company’s issued shares. No binding agreements were signed

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Local

Hyprop Investments (HYP)

Hyprop raised about R739m through an accelerated bookbuild by issuing 12.63m new shares at R58.50 each. The offer was oversubscribed and priced at a 1.4%

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Local

Karooooo (KRO)

Karooooo will report first quarter 2027 results for the period ended 31 May 2026 on 15 July 2026. Management will host an investor webcast on

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Offshore

Vertex Pharmaceuticals (VRTX)

Vertex Pharmaceuticals (VRTX) agreed to acquire Crinetics Pharmaceuticals (CRNX) for $10bn to expand its rare hormone disease portfolio. Crinetics shares roughly doubled, while Vertex shares

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Offshore

Rivian Automotive (RIVN)

Rivian Automotive (RIVN) shares fell -14% after announcing a 75 million share capital raise. The company also issued revenue and vehicle delivery guidance ahead of

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