Date
24 June 2018

Capital Markets

  • Xiaomi founder and CEO Lei Jun will preside over what promises to be a very interesting and well-attended press conference this Saturday. Photo: Bloomberg

    What Xiaomi’s first IPO presser would look like

    - Jun 21, 2018 4:28pm
    Financial journos, especially those covering the technology beat, will have to postpone plans for a well-deserved beauty sleep this weekend if they don’t want to miss an important event in the sector.  Smartphone maker Xiaomi Inc....
  • Once the world’s most valuable public company, General Electric foundered in several key industrial markets in recent years, and a diversion into financial services steered it into the eye of the 2008 financial crisis. Photo: Reuters

    General Electric loses place in elite Dow Jones index

    Jun 20, 2018 8:18am
    General Electric Co. has lost its spot in the Dow Jones Industrial Average after over a century in the blue-chip stock index, a new blow to a company that once towered over the American business landscape...
  • Xiaomi founder and CEO Lei Jun demonstrates the new features of his latest smartphone model. Xiaomi's move to postpone its mainland listing creates uncertainties for Beijing's initiative to lure tech giants to return home. Photo: Reuters

    Something old for Xiaomi’s new IPO

    - Jun 19, 2018 3:04pm
    Something’s wrong with Xiaomi Corp.’s much-awaited dual listing? The Chinese smartphone maker said on Tuesday it will postpone its application for a mainland share offering through the issuance of China depositary receipts (CDRs) until after it...
  • The China Securities Regulatory Commission has issued rules allowing overseas-listed Chinese companies to launch secondary listings in the domestic market through the issuance of China Depositary Receipts. Photo: AFP/Reuters

    CSRC issues rules on domestic flotation of overseas-listed firms

    Jun 7, 2018 9:50am
    China has adopted new rules governing the issuance of securities that will allow the domestic flotation of overseas-listed innovators, Reuters reports, citing the China Securities Regulatory Commission. Authorities are encouraging overseas-listed Chinese companies to launch secondary...
  • Coal is used to generate almost 40 percent of electricity worldwide. Photo: Reuters

    Big investors urge G7 to step up climate action, shift from coal

    Jun 4, 2018 8:20am
    Institutional investors with US$26 trillion in assets under management called on Group of Seven leaders to phase out the use of coal in power generation to help limit climate change, despite strong opposition from Washington, Reuters...
  • Haidilao is known not only for its excellent Four Seasons-type of hotpot but also for its legendary customer service. Photo: Bloomberg

    Haidilao is hot pick for hotpot and IPO

    - May 18, 2018 1:48pm
    The name is hot, and the IPO is probably hotter. Hotpot chain Sichuan Haidilao Catering has filed for an initial public offering in Hong Kong, seeking to raise up to US$700 million. Sichuan province, in southwestern...
  • “Fearless Girl”, whose message is for a bigger role for women in corporate America, will be moved by the end of 2018. Photo: Reuters

    ‘Fearless Girl’ to stare down the New York Stock Exchange

    Apr 20, 2018 8:05am
    The bronze statue of a little girl that became a tourism phenomenon by staring down Wall Street’s massive “Charging Bull” sculpture is to be moved to a nearby spot where its stern gaze will be on...
  • Intraday volatility of the US market has shown sign of narrowing since April 13, which is a positive sign. Photo: Reuters

    Stock investing: Handling a difficult market

    - Apr 18, 2018 12:55pm
    With the equity bull trend seeming to run out of steam, I can understand why some investors are seeking to throw in the towel and head for the exit. Trading in a choppy market can indeed...
  • Spotify ended the session at US$149.01, valuing the world’s largest streaming music service at US$26.5 billion. Photo: Reuters

    Spotify shares jump in record-setting direct listing

    Apr 4, 2018 8:08am
    Shares of Spotify Technology SA ended up 12.9 percent on their first day of trade on the New York Stock Exchange, a smooth debut that could pave the way for other companies looking to go public...
  • Chinese streaming service iQiyi reportedly priced its US initial public offering at US$18 per share, in the middle of its target range. Photo: Reuters

    China’s iQiyi said to raise US$2.25 billion from IPO

    Mar 29, 2018 8:23am
    Chinese streaming platform iQiyi Inc. priced its US initial public offering at US$18 per share, in the middle of its target range, Reuters reports, citing a source familiar with the matter. The Netflix-like video platform had...
  • Most Kwai Chung co-founders at the stock listing ceremony on Wednesday. Photo: HKEJ

    Media Chinese cashes in on Most Kwai Chung frenzy

    - Mar 28, 2018 4:03pm
    The amazing Most Kwai Chung, the company behind the satirical weekly magazine 100Most and online media platform TVMost, has produced an unlikely winner – Media Chinese International Ltd. (00685.HK) chairman Tiong Hiew King. The stock, with...
  • Dropbox co-founder and CEO Andrew Houston will have 24 percent of the company after selling 2.3 million shares in the offering. Photo: Bloomberg/Internet

    Dropbox IPO priced higher than expected on strong demand

    Mar 23, 2018 9:46am
    Dropbox Inc.’s initial public offering, the largest tech stock debut in more than a year, was priced at US$21 per share, higher than expected. That would give the San Francisco-based company a market cap of about...
  • TVMost's online entertainment show and its mascot TVMost Buddy. Most Kwai Chung, producer of the show, is set for a record-breaking initial public offering in Hong Kong. Photo: TVMost

    Most Kwai Chung can offer more than just quick IPO profit

    - Mar 21, 2018 12:05pm
    Most Kwai Chung, operator of the online satirical media platform TVMost and magazine 100Most, is set for a record-breaking initial public offering in Hong Kong. As of Tuesday, market sources said margin financing for subscription of the company’s...
  • Amazon has become the second-most valuable publicly traded company in the US following stupendous stock gains over the past year. Photo: Reuters

    Amazon tops Alphabet in market cap, now No. 2 US-listed firm

    Mar 21, 2018 9:31am
    Amazon.com on Tuesday moved ahead of Google parent Alphabet in market capitalization for the first time, becoming the second-most valuable publicly listed US company after Apple. Shares of the world’s top e-commerce firm closed up 2.7...
  • Traders work on the floor of the New York Stock Exchange on Monday. Facebook shares tumbled 6.8 percent, wiping nearly US$40 billion off its market value. Photo: Reuters

    Wall Street falls as Facebook drags down tech shares

    Mar 20, 2018 8:10am
    US stocks dropped on Monday, with the S&P and Nasdaq suffering their worst day in just over five weeks, as concerns over increased regulation for large tech companies was spearheaded by a plunge in Facebook shares,...
  • B&S International's top executives and their family members attend the firm's listing ceremony in Hong Kong on Wednesday. Photo: HKEJ

    Beauty and the sweet IPO

    - Mar 15, 2018 5:29pm
    You know they are hot. But perhaps not sure how long the ride can last. In case you are wondering, I’m talking about the new listings that Hongkongers just can’t seem to get enough of. In...
  • Foxconn has been cleared to launch a Shanghai IPO of a unit to raise funds for new projects related to smart manufacturing, cloud computing and 5G solutions. Photo: Bloomberg

    Foxconn unit wins China approval for Shanghai IPO

    Mar 9, 2018 9:15am
    China’s securities regulator has given the go-ahead to Taiwan’s Foxconn group, the world’s largest contract electronics manufacturer, to list a subsidiary on the Shanghai Stock Exchange. The China Securities Regulatory Commission has approved the floatation of...
  • China's securities regulators could give domestic investors access to overseas-listed Chinese tech giants via depositary receipts. Photo: Bloomberg

    China plans new share issue option to bring tech giants home

    Mar 6, 2018 9:31am
    China may allow its offshore-listed tech giants to sell a form of shares on the mainland, Reuters reports, citing people with knowledge of the plan. The move would pit Shanghai and Shenzhen against Hong Kong in...
  • Spotify, launched in 2008 and available in more than 60 countries, is the biggest music streaming company in the world. Photo: Reuters

    Spotify files for direct listing on New York Stock Exchange

    Mar 1, 2018 9:05am
    Music streaming service Spotify on Wednesday filed for a direct listing of its shares, taking an unusual path to the US public markets for a large company, Reuters reports. A direct listing will let Spotify list...
  • The rate of return on stocks is likely to be substantially lower over the next 15 years than it was over the last 15 years. Photo: Reuters

    The economic message from equity markets

    - Feb 26, 2018 9:30am
    The recent stock-market correction – the first in the United States in two years – has invited substantial commentary about what investors should do, the role machines have played, and the implications for the real economy....

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