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And this has not taken into account the up to 15 percent more shares eligible to be purchased by its underwriters, known as a greenshoe.

An undated transmission electron micrograph of a SARS-CoV-2 virus particle, also known as novel coronavirus, the virus which causes COVID-19, isolated from a patient. [Photo/Agencies]

Analysts at Cowan Group, a New York investment bank, estimate that about half of the world's aircraft fleet is grounded.

Andrew Karolyi, a professor of finance at Cornell University, said investors will welcome the action largely because it appears to be tied to an impending agreement set to normalize trade relations between the two major economies.

And while Amazon is exploring ways to boost employee morale and productivity through innovative spaces, its sheer size and downtown setting make it part of a broader urban experiment that’s still playing out.