The first time Danny Rimer laid eyes on Dylan Field, Field was just 18 years old. Then, Field was an intern at the buzzy startup Flipboard. Field gave a presentation to the startup’s board, self-assuredly outlining his research about the features users loved and which ones flopped. Rimer, a partner at Index Ventures since 2002,…
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. Nifty futures are flatlining, setting the tone for a cautious start to the week for Indian stocks. After…
Chinese AI startup Zhipu is considering shifting its planned initial public offering to Hong Kong instead of mainland China, according to people with knowledge of the matter, adding to a dealmaking boom in the city. Zhipu, whose backers include Alibaba Group Holding Ltd. and Tencent Holdings Ltd., is working with financial advisers on a potential…
Hong Kong’s stock market stamp duty income is filling the city’s financial coffers at the fastest pace since 2021, amid a bull run on the local bourse that has attracted scores of initial public offerings (IPOs) and fuelled frenzied trading. Duties from transactions and transfers rose to HK$29.69 billion (US$3.78 billion) in the first five…
Goldman Sachs Group Inc. claimed top ranking in Hong Kong equity sales for the first time since 2013, riding a wave of billion-dollar deals in the city after three years of lackluster activity. So far this year, Goldman is given credit for $5.6 billion in initial and secondary offerings, beating runner-up UBS Group AG by…
The US bank said it expected Hong Kong’s benchmark to climb to 26,000 in the first half of 2026, assuming geopolitical tensions eased and policy support remained steady. “China faces deflationary pressures rather than inflation, so even if imported energy costs rise, the pass-through effect on corporate earnings is expected to be minimal,” said Pierre…
A recent thirst among investors for Chinese makers of fresh drinks – after a slew of share offerings including the blockbuster Hong Kong listing of Mixue Group – could mean that too much money is chasing the same growth story, according to S&P Global Ratings. “China’s demand for fresh-made drinks is growing fast as marketing,…
A wave of listings by Chinese companies is expected to reinvigorate trading activity in Hong Kong, with optimism growing that a robust pipeline of debuts will drive the broader stock market higher. First-time share sales in Hong Kong have raised HK$77 billion ($9.9 billion) this year through May, the most for the period since 2021,…
Fast fashion retailer Shein has reportedly chosen a new location to go public. The China-founded company is now looking to list in Hong Kong after failing to get Chinese regulators to sign off on its plans for a London initial public offering (IPO), Reuters reported Wednesday (May 28). Sources told Reuters Shein plans to file a draft prospectus with…