Cross-border payments fintech, Payoneer — announces plans to go public via SPAC

2020 was a big year for Fintech IPOs and 2021 just might be even bigger.. The latest Fintech to join the rush to go public — Payoneer, a cross-border payments company.

On Feb. 3, Payoneer agreed to go public by merging with SPAC, FTAC Olympus Acquisition Corp ($FTOC) — valuing Payoneer at $3.3b.

• $FTOC is up 33% since it first reported that Payoneer was in discussion to go public.

Astra — the FedEx of space — is going public through a merger with Holicity

Looking to send something to space? Astra, the company looking to become the Fedex of Space, can help with that.

On Feb. 2, Astra announced its plans to go public by merging with SPAC, Holicity ($HOL) — which values Astra at $2.1b.

Silver jumps as retail investors look for the next short squeeze

Silver will always remain second place while gold goes to… GameStop?

Last week, a WallStreetBets post started a rush to silver ETFs — pushing up the silver prices by over 15% to an 8-year high.

• The iShares Silver Trust ($SLV), the world’s largest silver ETF, saw an inflow of nearly $1b last Friday.

Microsoft reports second-quarter earnings — steady and consistent defines the cloud giants stock

Fast is what we want… But steady and consistent is what you’ll get from Microsoft.

On Jan. 26, Microsoft reported strong second-quarter earnings that surpassed expectations:

• Earnings per share of $2.03 vs. $1.64 expected.
• Sales of $43.08b vs. $40.18b expected — an increase of 17% from the previous year.