Hong Kong can achieve “high-quality development” by leveraging its unique advantages and remaining open, the city’s finance chief has said, as he revealed that the local stock market has outperformed other major indexes so far this year. Writing on his weekly blog, Financial Secretary Paul Chan Mo-po also said that despite worries about the impact…
Sany Heavy Industry, one of China’s largest heavy equipment manufacturers, plans to use the sum of up to US$1.5 billion that it could raise in a proposed Hong Kong initial public offering (IPO) to support global expansion, despite ongoing trade tensions between China and the US, according to an executive. The Shanghai-listed company will use…
(Bloomberg) — Newsmax Inc. shares skyrocketed 735% in their debut session after the conservative media outlet’s initial public offering, with individual investors helping hand the firm the best first-day performance since 2022. Most Read from Bloomberg The stock closed at $83.51 each on Monday, in a first trading day as a public company that saw…
CoreWeave (CRWV) is pushing back on fears of overbuilt AI infrastructure and a bubble in the sector. “Not that we see,” CoreWeave co-founder Brannin McBee told Yahoo Finance today about whether customers are getting worried about the pace of investment in artificial intelligence. “And this discussion of an AI bubble — we don’t understand it.”…
(Reuters) – CoreWeave’s shares opened nearly 3% below their initial public offering price on the Nasdaq on Friday. The Nvidia-backed AI infrastructure firm was valued at $22.7 billion on a fully diluted basis. (Reporting by Manya Saini in Bengaluru; Editing by Shounak Dasgupta) Source link
By Arasu Kannagi Basil (Reuters) -StubHub’s 2024 revenue surged 29.5%, it reported on Friday in its U.S. initial public offering paperwork, as the online ticketing marketplace moves ahead with its long-sought New York flotation. A handful of companies are moving ahead with stock market listings despite volatility arising from uncertainty around U.S. trade policy. Nvidia-backed…
By Echo Wang NEW YORK (Reuters) -CoreWeave, the artificial intelligence startup backed by Nvidia, is planning to ask investors to pay $47 to $55 for each of its shares when it begins marketing its initial public offering this week, people familiar with the matter said on Wednesday. The price range, which has not been previously…
China’s largest fresh-drink company Mixue Group aims to raise HK$3.45 billion (US$444 million) in a Hong Kong initial public offering (IPO) to expand its business amid heightened competition. The company plans to sell 17.1 million shares at HK$202.50 each, according to a filing with the Hong Kong stock exchange on Friday. The stock is expected…
Chinese start-up Manycore Tech, operator of the world’s largest spatial design platform, has applied for an initial public offering (IPO) in Hong Kong, three years after its attempt to list on the Nasdaq stock exchange lapsed. Manycore’s IPO filing, jointly sponsored by JPMorgan and CCB International, did not provide the amount it intends to raise…
(Reuters) -Shares of Titan America rose 1.25% in their debut on the New York Stock Exchange, giving the Belgium-based cement producer a market capitalization of $2.99 billion. The company’s shares opened at $16.2 apiece, compared with the IPO price of $16. The cement producer, together with its parent company Titan Cement International, raised $384 million…