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Speaker 1: Bloomberg Audio Studios, Podcasts, radio News, The.

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Speaker 2: Stock Movers podcast, your roundup of companies making moves in

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Speaker 2: the stock market, harnessing the power of Bloomberg Data.

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Speaker 3: I'm Carol Master along with Tim Stanevik. Let's take a

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Speaker 3: look at some stocks on the mood today. With us

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Speaker 3: is Bloomberg News Equities Reporter. We've got Natalia kay Javich,

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Speaker 3: she is here in studio, and let's talk about IPOs,

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Speaker 3: because we had a couple out today and that includes

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Speaker 3: one that's been going through some changes as of late exactly.

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Speaker 4: So this is NIQ Global Intelligence. The ticker is an IQ.

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Speaker 4: The stock is down by eight percent. This is the

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Speaker 4: first day of training. It was a really highly anticipated

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Speaker 4: IPO because it's a private equity backed company. It's a

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Speaker 4: rare exit so far this year, and it was pretty

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Speaker 4: well received among investors based on our reporting. And I

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Speaker 4: don't know how to explain the stock price reaction. I'm

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Speaker 4: not going to go into this, but overall, the APO

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Speaker 4: was priced at twenty one dollars. The range was between

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Speaker 4: twenty and twenty four, so it's a lower level of

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Speaker 4: that range. The company's market values about six billion dollars,

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Speaker 4: so NIQ Global Intelligence is a company that was founded

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Speaker 4: in nineteen twenty three. It has a very long history.

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Speaker 4: At one point it did television ratings and people know

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Speaker 4: about that here in the US.

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Speaker 3: It's a living ratings having for a long time.

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Speaker 4: Then it was separated, so now there are two completely

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Speaker 4: separate businesses. NIQ provides customer intelligence and it has a

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Speaker 4: really solid portfolio of clients, including Amazon, Target, Walgreen's global

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Speaker 4: brands like Sony Looreal. Basically it helps them understand consumer

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Speaker 4: behavior a little bit better and then of course target

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Speaker 4: those consumers when it comes to marketing.

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Speaker 3: I wonder you know, our reporting says the top twenty

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Speaker 3: five largest investors in the deal we're allocated to seventy

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Speaker 3: percent of the shares. And I'm just wondering is that normal?

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Speaker 3: Is that typical? And I'm just wondering if there was

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Speaker 3: a maybe that is why there's I don't know. I'm

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Speaker 3: trying to understand why there's some downward momentum, because that's

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Speaker 3: a pretty big job.

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Speaker 4: Typically when we have long gone investors interested in a deal,

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Speaker 4: it's a very positive side sign. It means that people

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Speaker 4: will not be selling the stuff after the lock up

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Speaker 4: period expires. But now I don't know, maybe it's like

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Speaker 4: a more broadly some kind of market turbulence and maybe

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Speaker 4: some kind of frothiness. And again keep in mind what

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Speaker 4: kinds of IPOs do well in this environment. That's SCRIPTO.

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Speaker 4: First of all, right, sometimes fintech technology I related stuff.

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Speaker 4: But this company, the end user is consumer. But at

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Speaker 4: the same time, it's a software company because it provides

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Speaker 4: and also eighty percent of its revenue is recurrent, which

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Speaker 4: means that the company has a stable cash.

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Speaker 1: Flow, yes, in visibility right, all right, so that consumer intelligence,

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Speaker 1: let's talk a little bit about energy technology. Baker Hughes

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Speaker 1: on your radar.

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Speaker 4: Baker Hughes. The stock is one of the best performance

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Speaker 4: today in the S and P five hundred indexes, up

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Speaker 4: by eleven point two percent. The company posted better than

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Speaker 4: expected earnix results, mainly because it has a diversified portfolio.

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Speaker 4: It's not just a typical oil player. We know that

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Speaker 4: we have so much volatility in the oil space, but

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Speaker 4: it also has exposure to gas. More specifically, they supply

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Speaker 4: modules for energy energy terminals, gas turbines, and with all

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Speaker 4: this excitement about AI and data centers and demand for energy,

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Speaker 4: this is where Baker Hughes is winning. Just to compare,

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Speaker 4: for example, Halliburton. This is more like a pure oil

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Speaker 4: services player US centric, and we see that companies. The

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Speaker 4: stock's performance is not doing as well as Baker Hughes.

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Speaker 4: So it's a big win for the company.

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Speaker 3: Because might go down, what goes down, might go up.

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Speaker 3: I was trying to make a transition.

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Speaker 4: It's like him.

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Speaker 1: It's a little lame. No, it's not about transition. The

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Speaker 1: company that actually invented the escalator. I know you're talking

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Speaker 1: about otis Otis.

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Speaker 4: The ticket is Otis. The stock is down by eleven

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Speaker 4: point five percent. Here. This is why it's an interesting story.

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Speaker 4: It's a global company and it has a global exposure

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Speaker 4: mainly Posted namely posted larger than expect to drop a

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Speaker 4: new equipment sales and as a result, this elevator maker

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Speaker 4: lowered full year guidance. New equipment sales declined by ten percent.

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Speaker 4: CEO said that mainly this can be attributed to some

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Speaker 4: challenges in China and in North America. We also saw

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Speaker 4: some declines to analysts, specifically JP Morgan, they said they

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Speaker 4: did not expect it such a big decline in operational guidance.

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Speaker 4: So this is where we see that it is a

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Speaker 4: little bit like consumer sensitive tariff sensitive business and despite

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Speaker 4: the fact that so many people are saying, yeah, maybe

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Speaker 4: you know.

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Speaker 2: Teriffs not the Stockmovers podcast from Bloomberg Radio. Check back

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Speaker 2: with us throughout the day for the latest roundup of

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Speaker 2: companies making news on Wall Street and for the latest

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Speaker 2: market moving headlines. Listen to Bloomberg Radio Live, catch us

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