Bus stop advertising for Chinese fashion company Shein on 4th May 2025 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images Fast fashion giant Shein’s troubles continue to mount after its much anticipated London initial public offering (IPO) reportedly hit a fresh roadblock. The e-commerce behemoth is now aiming for a Hong…
HONG KONG, May 25 (Bernama-Xinhua): Paul Chan, financial secretary of the Hong Kong Special Administrative Region (HKSAR) government, said on Sunday that Hong Kong’s IPO fundraising has surpassed 76 billion HK dollars (about US$9.7 billion) so far this year, soaring sevenfold year-on-year and reaching nearly 90 per cent of last year’s total. Chan said in…
Hong Kong’s unemployment rate rose to 3.4 per cent and hit its highest point in more than two years, with the construction and financing sectors notably affected, a trend experts expect to persist through to the end of 2025. Preliminary data from the Census and Statistics Department released on Tuesday showed that the unemployment rate…
Shares of CATL debut in Hong Kong on May 20, 2025. Sopa Images | Lightrocket | Getty Images Shares of the world’s largest battery manufacturer Contemporary Amperex Technology rose over 11% in their Hong Kong trading debut on Tuesday. Shares were trading at 292 Hong Kong dollars apiece on the Hong Kong stock exchange premarket, compared…
Hong Kong’s market for initial public offerings (IPOs) has come roaring back. Attractive valuations, strong liquidity and supportive government policies, what’s not to like? Concerns about geopolitical tensions and a trade war have taken a back seat, at least for now. Certainly, a 90-day truce in the tit-for-tat tariffs battle between China and the United…
CATL booth is seen during the 21st Shanghai International Automobile Industry Exhibition (Auto Shanghai 2025) at the National Exhibition and Convention Center (Shanghai) on April 26, 2025 in Shanghai, China. Vcg | Visual China Group | Getty Images Prospective investors in Chinese battery giant CATL’s Hong Kong listing to raise about $5 billion have been told…
A number of mainland China companies are making plans for initial public offerings (IPOs) or secondary listings in Hong Kong, a trend that augurs well for the city’s effort to claw its way back to the top of the global league table of fundraising destinations. Wang Xingxing, the founder of humanoid-robotics start-up Unitree, told Hong…
Hong Kong’s market for initial public offerings is roaring back. After a period in the doldrums, the city has climbed to become the world’s fourth-biggest IPO market, after America’s Nasdaq, the New York Stock Exchange and Tokyo Stock Exchange. Now is the time for Hong Kong to regain its throne. A total of US$2.3 billion…
Fox News and Newsmax television studios are seen in the Fiserv Forum on the day before the Republican National Convention begins, in Milwaukee, Wisconsin, July 14, 2024. Joe Raedle | Getty Images News | Getty Images Newsmax went public on the New York Stock Exchange on Monday, as the conservative cable news network audience has…
Shares in Newsmax, the cable TV news outlet known for its sympathetic coverage of Donald Trump, soared more than 700% on their first day of trading. The IPO was priced at $10 a share last Friday, with the offering netting $75 million after 7.5 million Class B shares went on sale. In February, Newsmax said…