Shares of CoreWeave, the first artificial intelligence start-up to go public, finished its first day of trading at $40.01 a share, one penny above the disappointing initial public offering price the company had set a day earlier. The company’s share price, trading under the ticker symbol CRWV, signaled concern among Wall Street investors about the…
When Donald Trump retook the White House last year, parts of the banking world celebrated. Wall Street dealmakers saw his presidency ushering in a new era of “megamergers,” with the Republican administration providing a more friendly regulatory environment. But as the Financial Times (FT) reported Monday (March 24), those predictions have so far not come to…
A slew of Chinese companies are eyeing initial public offerings (IPOs) in Hong Kong, riding on the stock market impetus provided by artificial intelligence (AI) start-up DeepSeek. AICT, a Beijing-based AI solutions provider, aims to raise about US$200 million from a Hong Kong IPO, according to sources familiar with the matter. AICT, whose products are…
Turo, a car rental start-up in San Francisco, has been trying to go public since 2021. But a volatile stock market in early 2022 delayed its listing. Since then, the company has waited for the right moment. Last week, Turo pulled its listing entirely. “Now is not the right time,” Andre Haddad, the company’s chief…
Businesses in Hong Kong are gearing up to expand and hire more employees next year amid expectations of higher revenue in a recovering economy, according to a survey by a professional accounting body. More than half of Hong Kong-based executives, accountants and other finance professionals expect a revenue increase at their firms next year, and…
HONOLULU (Island News) – The Department of Emergency Management reported that an outage occurred for Honolulu’s 911 system on Sunday, November 17, 2024. Officials state that the system is currently down for customers using certain cell providers, including AT&T, Verizon and T-Mobile. The public is advised to contact 911 by using a landline phone. For…
Beijing has slashed capital requirements for foreign institutions and companies to buy into China’s listed firms as strategic investors, taking another step towards bolstering investor confidence in the country’s stock market. Investors who own proprietary assets of no less than US$50 million or have assets under management of at least US$300 million will be eligible…