Property tycoons are lending their support to the Hong Kong IPO market for the first time in years, a move that could help fan the flames of a nascent recovery. Billionaire Robert Ng’s Sino Land Co. is one of the largest cornerstone investors in the $793 million Hong Kong listing from courier service SF Holding…
Follow Bloomberg India on WhatsApp for exclusive content and analysis on what billionaires, businesses and markets are doing. Sign up here. Foreign investors are pulling record sums from Indian shares since October and piling into initial public offerings in search for better returns. Source link
Before the trading day starts we bring you a digest of the key news and events that are likely to move markets. Today we look at: Good morning, this is Ashutosh Joshi, an equities reporter in Mumbai. A pall of gloom continues to hang over India’s stock market, with Nifty futures offering little respite. As…
A typhoon is brewing over Hong Kong but for the first time in decades, it’s business as usual for the city’s $5.4 trillion stock market. Traders, brokers and money managers clocked in on Thursday morning as the financial hub ended a long-standing practice of shutting its markets during severe weather, in a bid to keep…
US-China relations are shaping up to be as adversarial as expected, with President-elect Donald Trump poised to appoint two well-known China hawks for key roles as he starts to form for his “America First” cabinet. Senator Marco Rubio, who has taken a particularly aggressive approach to China’s economic rise and is one of several US…
After a lean couple of years, bankers in Asia are seeing signs of a recovery in initial public offerings. The number of Chinese firms considering public flotations in Hong Kong is increasing as the benchmark Hang Seng Index heads for its first annual gain since 2019. India has already notched up a record year in…
Analysts are rushing to recommend investors buy shares of Hyundai Motor India Ltd., a much-needed show of support after the stock’s disappointing trading debut Tuesday. The local unit of the Korean automaker now has a total of six positive recommendations, from Nomura Holdings Inc. and Macquarie Group Ltd. along with local brokers including Motilal Oswal…
Horizon Robotics, a Chinese provider of software and hardware used in autonomous driving systems, priced its Hong Kong initial public offering at the top of the range to raise HK$5.4 billion ($696 million), according to terms of the deal obtained by Bloomberg News. The company priced the shares at HK$3.99 each, the terms show. It…
It’s been a rocky few years for China’s tech sector. The fallout from a government crackdown kneecapped a generation of industry giants and startups alike, and broader macroeconomic headwinds have dampened consumer spending. But against this gloomy backdrop, Xiaohongshu has defied the odds. The fastest-growing social media platform in China saw quarterly sales top $1…
Hong Kong pledged to vet and debut companies in about 100 days in a bid to guarantee a set time frame for initial public offering applicants. For companies fully meeting listing requirements, the stock exchange and regulator will limit the question-and-answers in two rounds to no more than 40 business days, according to a joint…