The KKR-backed hair care giant filed its S-1 to list on the NYSE, lining up 18 underwriters led by Goldman…

As seen on the 24/7 Wall St. homepage on August 31, 2026.

THE IPO WIRE

Wella Co WELA · NYSE

Aug 31, 4:04pm ET

Wella files for NYSE IPO with an 18-bank syndicate

The KKR-backed hair care giant filed its S-1 to list on the NYSE, lining up 18 underwriters led by Goldman Sachs, BofA and J.P. Morgan. A syndicate that size signals a large deal, and terms have not been set yet, so the price range is the next thing to watch.

Related Market Updates

Artificial Analysis @artificialanlys

4:21pm ET

An independent benchmarker putting Google's frontier model at parity with OpenAI's for 60% of the cost per task is the clearest sign yet that model pricing is where the AI race gets decided.

Google’s new Gemini 4 Argon equals GPT-6 Astra on the Artificial Analysis Intelligence Index at 60% of the Cost per Task with discounted prices. Google is now back to being one of the top three labs in intelligence achieved Gemini 4 Argon is @GoogleDeepMind’s first proprietary https://t.co/VRhPydyV1l

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Biggest movers · At the close 4:10pm ET

Gainers

AIC3.ai$11.01+6.4%
HPEHewlett Packard Enterprise$64.06+4.2%
HIMSHims & Hers$29.84+4.0%
INTCIntel$120.29+3.8%
ACNAccenture$183.31+3.5%

Losers

MRNAModerna$192.22-5.5%
MARAMarathon Digital$11.37-5.2%
APPSDigital Turbine$11.05-5.1%
APPAppLovin$290.93-4.8%
BEBloom Energy$278.25-4.5%

The tape spread nearly 12 points wide at the close: C3.ai finished up 6.43% at $11.01 while Moderna gave back 5.52%. Enterprise tech names took the top four gainer slots, and the losers skew toward high-beta momentum.

CLOSING BELL

U.S. Markets

4:00pm ET

S&P 500+0.21%
Dow Jones Industrial Average-0.53%
Nasdaq Composite+0.88%

Money kept rotating into tech at the expense of everything else: the Nasdaq closed up 0.88% while the Dow fell. If your portfolio leans industrial or value, today's green S&P headline did not apply to you.

Elon Musk @elonmusk Quote post

2:17pm ET

A 3.3% real GDP call for next year sits far above mainstream forecasts, and it lands the same day Q2 growth was revised up to 2.2% and core PCE came in at 3.0% versus 3.3% expected.

My guess for real GDP growth next year is >50% higher than 2026, so >3.3% https://t.co/LpQ0spojZP [Quoted @DavidSacks]: Today’s economic numbers: — Q2 GDP revised up to 2.2% (was 1.5%). — Core PCE 3.0% vs 3.3% expected. — ADP private jobs +90k vs ~68k expected. Growth beat. Inflation cooled. Jobs better than expected. The Trump economy is strong.

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Elon Musk @elonmusk Quote post

1:33pm ET

A Plaid hookup puts Grok inside users' bank accounts, pushing xAI straight into territory owned by personal finance apps and enterprise assistants.

New in @Grok @Bot https://t.co/Q7a7Nz7iMr [Quoted @mattyp]: What's new in Grok Bot 0:19 Team bots - create bots shared with your team members 1:10 Finances - search and manage your finances with @plaid 1:32 Voice calls - @bot can search chats during calls and gracefully handles interruptions Like this for a special bot animation on @X! https://t.co/Pp2FfsMbJg

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IPO TERMS REVISED

Ambitious Entertainment, Inc. NYSE American

1:31pm ET

$4–$5 / share

$18M raise 4,000,000 shares

Ambitious Entertainment sets $4-$5 range for $18 million NYSE American IPO

A fourth amendment means this AI-enabled film and TV studio is close to pricing: 4 million shares at $4 to $5 on NYSE American, an offering of up to $18 million. Alexander Capital and Revere Securities are running a micro-cap deal small enough to move fast on day one.

Eric Balchunas @ericbalchunas

1:29pm ET

Bloomberg's ETF analyst says the $8 trillion parked in money market funds stays put until rates break below 3%, so duration bets keep losing to T-bills.

Cash is the new Bond Allocation.. who needs duration when $BIL is outperforming 87% of bond ETFs this year and 83% over five years. This is why money market funds are inflow machines and have $8t in aum and don't look for any of it to leave until rates get below 3%. via https://t.co/7twya54Xj4

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Eric Balchunas @ericbalchunas

1:23pm ET

Defiance is aiming leveraged-style convexity products straight at memory chips and semis, the two hottest and most violently volatile corners of the AI trade.

Defiance has filed for some Convexity and Ultra Convexity ETFs based on growth stocks, $DRAM and semis https://t.co/J7I369ua92

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MIDDAY

U.S. Markets

12:00pm ET

S&P 500+0.59%
Dow Jones Industrial Average-0.10%
Nasdaq Composite+1.03%

Money is concentrating in tech at midday: the Nasdaq is up 1.03% while the Dow sits slightly red, leaving anything outside growth names on the wrong side of the tape. Index-level calm hides a wide gap underneath.

CLOSING BELL

Europe

11:35am ET

🇬🇧 FTSE 100+0.30%
🇩🇪 DAX-0.47%
🇫🇷 CAC 40-0.71%

London finished higher while Frankfurt and Paris both slipped, a full point of separation between the FTSE 100 and the CAC 40 in a single session. UK exposure is where that gap is paying.

David Sacks @davidsacks

11:23am ET

Core PCE at 3.0%, missing expectations of 3.3%, is the number that moves rate odds, and the White House AI czar is amplifying it alongside a GDP revision. Growth holding up while inflation eases takes pressure off the Fed's next move.

Today’s economic numbers: — Q2 GDP revised up to 2.2% (was 1.5%). — Core PCE 3.0% vs 3.3% expected. — ADP private jobs +90k vs ~68k expected. Growth beat. Inflation cooled. Jobs better than expected. The Trump economy is strong.

Replies17
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Jim Cramer @jimcramer

11:07am ET

Cramer's read: softer morning data trimmed hike odds, but stocks stay capped until a pause is the base case.

Odds for Fed boost lower off early morning data... but not enough. Need no hike to take hold

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