ASX 200 dips, travel shares drop, Pushpay soars on Tuesday 23 March 2021

The S&P/ASX 200 Index (ASX: XJO) fell by 0.1% today to 6,745 points.

Here are some of the highlights from the ASX, with an IPO stealing some of the headlines:

Pushpay Holdings Ltd (ASX: PPH)

The Pushpay share price jumped more than 10% today after it was announced that the investor Sixth Street is going to become the largest shareholder of the company with a 17.8% holding.

This increased holding by Sixth Street is due to the investment vehicle related to Peter Huljich and Christopher Huljich selling of its shares of Pushpay to Sixth Street.

Sixth Street is a global investment business with over US$50 billion of assets under management (AUM) and committed capital. It has previously invested in other growth companies like Airbnb,…