Good morning. It’s Jeremy here, filling in for Andrew, who is now on paternity leave for a bit. So you’ll see a rotating cast of Fortune tech journalists writing this newsletter for a few weeks. Fortune Brainstorm Tech wrapped yesterday. Here were a few highlights from the final day of the conference: Tom Hale, the…
Swedish fintech firm Klarna just made its highly anticipated debut on the New York Stock Exchange, raising $1.37 billion and locking in a $15 billion valuation. But finance and legal experts are becoming wary of the growing risks associated with the ballooning buy-now, pay later (BNPL) industry. Klarna, known for its short-term, interest-free financing solutions…
IPO Hong Kong listing boom hinges on securities regulator keeping spigot open The China Securities Regulatory Commission, headquartered in the building at left, controls the flow of mainland companies that can list on the Hong Kong Exchange, right. (Source photos by Reuters and Ken Kobayashi) LORRETTA CHEN August 21, 2025 12:05 JST HONG KONG — A…
Hong Kong Exchanges and Clearing (HKEX) set new records for second-quarter and first-half earnings amid a boom in initial public offerings (IPOs) and sizzling stock market turnover, according to a stock exchange filing on Wednesday. Second-quarter net profit for the operator of Asia’s third-largest stock market rose 41 per cent to HK$4.44 billion (US$569 million),…
Nearly half of the biotech and technology start-ups seeking initial public offerings (IPOs) in Hong Kong are opting for confidential filings under a new listing channel that allows them to protect sensitive data, according to a lawyer with international law firm Cooley. Companies choosing confidential filings often have concerns about sensitive information being released to…
Nearly half of the biotech and technology start-ups seeking initial public offerings (IPOs) in Hong Kong are opting for confidential filings under a new listing channel that allows them to protect sensitive data, according to a lawyer with international law firm Cooley. Companies choosing confidential filings often have concerns about sensitive information being released to…
At the heart of why consumers in China save so much and spend so little, and why Xi Jinping and Donald Trump will struggle to change that behavior even if they want to, lies the country’s stock market. Even after a recent rally, Chinese indexes have only just returned to levels seen in the aftermath…
Good morning. In honor of Perplexity’s unsolicited $34.5 billion bid to acquire Google’s Chrome web browser amid U.S. antitrust scrutiny—a figure well beyond the San Francisco AI startup’s $18 billion valuation!—five things I’d like to place an unsolicited bid on with someone else’s money: But please, Marc—keep the disco ball. Today’s tech news below. —Andrew…
Hong Kong Exchanges and Clearing’s (HKEX’s) latest listing rules on distributing shares in popular initial public offerings (IPOs) are expected to draw more institutional investors and family offices but curb retail participation, according to industry players. The rules, which came into effect on August 4, mandate that IPO candidates allocate at least 40 per cent…
Good morning. Did you know that ChatGPT will now remind you to take a break if you’re in a particularly long conversation with the chatbot? OpenAI says its goal “isn’t to hold your attention, but to help you use it well.” That makes all the sense in the world for a business model that involves…