17 August 2018

Capital Markets

  • New stock bets taken by US hedge funds in the second quarter point to their optimism about the prospects for the world's largest economy. Photo: Reuters

    Hedge funds signal continuing confidence over US economy

    Aug 15, 2018 9:18am
    Prominent hedge fund managers appeared to have made bets that the US economy will continue to expand despite increasing concerns about a broadening trade dispute between the United States and China, Reuters reports. Hedge funds took...
  • At US$12.2 billion in short bets, Tesla is the most shorted company in the United States, S3 Partners said. Photo: AFP

    Tesla short sellers trim exposure but stay the course

    Aug 14, 2018 8:19am
    Short sellers betting against Tesla Inc. trimmed their exposure to the electric car maker’s stock after chief executive Elon Musk gave new information about his proposal to take the company private, Reuters reports. Data showed traders...
  • Tesla founder and CEO Elon Musk stunned investors by announcing on Twitter that he might take the electric-car company private in a record US$72 billion transaction. Photo: Bloomberg

    Investors sue Tesla, Musk over going-private proposal

    Aug 13, 2018 7:45am
    Tesla Inc. and its chief executive Elon Musk were sued by investors for allegedly fraudulently engineering a scheme to squeeze short-sellers, including through Musk’s proposal to take the electric car company private, Reuters reports. The lawsuits...
  • Tesla shares spiked on Thursday after the company signaled that its cash-burn was being brought under control. The stock surge left short-sellers with huge paper losses. Photo: Reuters

    Tesla short-sellers dealt a US$1.7 bln loss as shares soar 16%

    Aug 3, 2018 9:30am
    Tesla stock short-sellers are estimated to have suffered US$1.7 billion in paper losses on Thursday as shares of the electric-car maker soared more than 16 percent after the firm’s quarterly report, Reuters reports.  Tesla shares posted...
  • The IPO pricing values money-losing Pinduoduo at US$23.8 billion, including all outstanding share options. Photo: Reuters

    Pinduoduo said to price US IPO at top end, raising US$1.63 bln

    Jul 27, 2018 9:42am
    Chinese online group discounter Pinduoduo Inc. priced its US initial public offering (IPO) at US$19 per American depositary share (ADS), raising US$1.63 billion in the second-biggest US float by a Chinese firm this year, Reuters reports,...
  • Xiaomi may be a great brand, but it's facing a lot of headwinds on the way to its listing. Photo: Reuters

    What’s wrong with Xiaomi?

    - Jul 6, 2018 4:13pm
    Everything that could go wrong went wrong for Xiaomi Corp. as it heads toward its trading debut on Monday. The high-profile listing billed as the largest technology offering since 2014 is expected to open 10 percent...
  • Dell said the agreement values its equity at between US$61.1 billion and US$70.1 billion, more than twice the value of the US$24.9 billion deal that took the company private in 2013. Photo: Reuters

    Dell moves to go public without IPO

    Jul 3, 2018 9:05am
    Dell Technologies Inc. said it will pay US$21.7 billion in cash and stock to buy back shares tied to its interest in software company VMware Inc., returning the computer maker to the stock market without an...
  • Xiaomi founder and chairman Lei Jun reiterates his company's pledge to keep pricing as close to cost as possible during a press conference on Saturday. Photo: Reuters

    Xiaomi: Cheap products, expensive valuation

    - Jun 26, 2018 11:48am
    “World-class products at half the price” is one of the best-known slogans of Xiaomi Corp., which is offering its shares to investors in Hong Kong this week. The Chinese smartphone maker’s founder and chairman, Lei Jun, said...
  • 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...

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