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IPO

Courier J&T Global Express could raise as much as US$520 million from Hong Kong IPO after offering oversubscribed

by Anas Siddiqui
Courier J&T Global Express could raise as much as US0 million from Hong Kong IPO after offering oversubscribed

J&T Global Express, an Asian courier service group based in Shanghai, could raise as much as HK$4.1 billion (US$520 million) from its initial public offering (IPO) after orders from investors …

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Arm Plans to Charge Device Makers for Chips Based on Device Value in Bid to Boost Revenue: Report

by Maya Ortiz
Arm Plans to Charge Device Makers for Chips Based on Device Value in Bid to Boost Revenue: Report

Arm, owned by Japan’s SoftBank Group, is seeking to raise prices for its chip designs, as it aims to boost revenue ahead of an initial public offering in New York, …

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HKEX third-quarter profit tops market consensus on higher investment income, derivatives trading volume

by Anas Siddiqui
HKEX third-quarter profit tops market consensus on higher investment income, derivatives trading volume

Hong Kong Exchanges and Clearing (HKEX), which operates Asia’s third-largest stock market by capitalisation, reported a 30 per cent profit growth in the third quarter, with a substantial rise in …

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Ant Group buys land to expand HQ as fintech firm and Alipay operator emerges from shadow of China’s tech crackdown

by Anas Siddiqui
Ant Group buys land to expand HQ as fintech firm and Alipay operator emerges from shadow of China’s tech crackdown

Financial technology giant Ant Group has bought a land parcel near its headquarters in Hangzhou, showing that the company is entering a growth phase now that the dust from a …

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MoneyHero debuts on the Nasdaq via merger with Peter Thiel-backed SPAC

by Walter Watson
MoneyHero debuts on the Nasdaq via merger with Peter Thiel-backed SPAC

Bymuratdeniz | E+ | Getty Images Asian fintech firm MoneyHero on Friday fell on its first day of trading on the Nasdaq, following the completion of its merger with special purpose acquisition …

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Saudi Arabia’s auto rental firm Lumi pops 30% in stock market debut

by Walter Watson
Saudi Arabia’s auto rental firm Lumi pops 30% in stock market debut

Cityscape of Saudi capital Riyadh. Harri Jarvelainen Photography | Moment | Getty Images Shares of Lumi soared as much as 30% on Monday at the Saudi Arabian auto rental firm …

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Tech IPOs get ‘meh’ response from Wall Street: Arm, Instacart, Klaviyo

by Edgar Davis
Tech IPOs get ‘meh’ response from Wall Street: Arm, Instacart, Klaviyo

Instacart celebrates their IPO at the Nasdaq on Sept. 19th, 2023. Courtesy: Nasdaq After a 21-month tech IPO freeze, the market has cracked opened in the past week. But the …

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Instacart opens on Nasdaq at $42 in IPO

by Sam Bailey
Instacart opens on Nasdaq at  in IPO

Sopa Images | Lightrocket | Getty Images Instacart shares rose 12% in their Nasdaq debut on Tuesday after the grocery delivery company’s long-awaited IPO. The stock initially popped 40% to …

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Instacart stock subdued as debut enthusiasm loses steam

by Sam Bailey
Instacart stock subdued as debut enthusiasm loses steam

Instacart’s stock closed nearly 11% lower on Wednesday, as the grocery delivery app joined other new stock market entrants in failing to keep up with strong gains on debut. Investors …

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Tech trying to go public as value stock

by Edgar Davis
Tech trying to go public as value stock

When the Covid pandemic had many Americans declining to go to the grocery store in 2020, sales at online grocery startup Instacart rose 590%, and its venture capital valuation soared …

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