Why robeco Is Trending Today?

Canara Robeco AMC's IPO is set to open on October 9, with details such as the price band and greenshoe option available. Robeco Institutional Asset Management B.V. has made several changes to its holdings, including trimming its stake in Franklin Resources, Inc. and increasing its position in Vontier Corporation. The company has also initiated new positions in Astera Labs, Inc. and Ralliant Corporation, while reducing its holdings in companies like Sysco Corporation and Illinois Tool Works Inc. Additionally, Canara Robeco's IPO has been in the news, with key details and risks outlined in its red herring prospectus.

Canara Robeco AMC, a joint venture between Canara Bank and Robeco, has announced its Initial Public Offering (IPO). The price band for the IPO has been set at ₹253-266 per share, valuing the company at approximately $598 million or Rs 5,305 crore. The IPO aims to raise funds and list the company's shares on the stock exchanges.

Robeco Institutional Asset Management B.V., a prominent investment firm, has been actively engaged in various stock transactions. The company recently boosted its stake in Tyson Foods, Inc. ($TSN), acquiring additional shares, and also increased its holdings in CNH Industrial N.V. ($CNH). In another move, Robeco sold 35,999 shares of L3Harris Technologies Inc ($LHX), indicating a reduction in its position. Additionally, Robeco has been involved in purchasing shares of companies such as Charter Communications, Inc. ($CHTR), Wipro Limited ($WIT), and nCino Inc. ($NCNO), while also selling shares of companies like Zillow Group, Inc. ($Z), Verisk Analytics, Inc. ($VRSK), and Roku, Inc. ($ROKU). The firm's stock holdings span across various sectors, with notable positions including $17.74 million in IQVIA Holdings Inc. ($IQV) and $23.85 million in Xylem Inc. ($XYL).