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IPOs

Guzman y Gomez makes sizzling debut on the ASX, with shares surging nearly 40 per cent to $30

by Anas Siddiqui
Guzman y Gomez makes sizzling debut on the ASX, with shares surging nearly 40 per cent to

Mexican-themed restaurant chain Guzman y Gomez has made a sizzling start to life on the Australian Securities Exchange, with its shares surging nearly 40 per cent on debut. The stock …

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Hong Kong plans to limit directors to 6 board seats each to improve corporate governance

by Anas Siddiqui
Hong Kong plans to limit directors to 6 board seats each to improve corporate governance

Hong Kong’s stock exchange plans to take the hatchet to directorships to whittle down the concentration of board seats among the city’s corporate elites to improve governance, a challenge that …

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BHP walks away from $49 billion pursuit of rival Anglo

by Anas Siddiqui
BHP walks away from  billion pursuit of rival Anglo

Mining group BHP Group has walked away from its $US49 billion ($A74 billion) plan to takeover rival Anglo American, which rejected a last-ditch request for more time, ending for now …

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Hong Kong stocks soar after China’s market regulator vows support for city’s global financial hub status

by Anas Siddiqui
Hong Kong stocks soar after China’s market regulator vows support for city’s global financial hub status

Hong Kong stocks extended gains after China’s market regulator unveiled a series of market reforms aimed at enhancing the city’s status as a financial hub, with sentiment getting a boost …

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Hong Kong’s IPO market is looking up as pipeline grows, while mainland bourses to struggle amid regulatory curbs: Deloitte

by Anas Siddiqui
Hong Kong’s IPO market is looking up as pipeline grows, while mainland bourses to struggle amid regulatory curbs: Deloitte

First-time stock offerings in Hong Kong are expected to improve on the back of a strong pipeline of candidates, as well as mainland Chinese companies switching their listing from other …

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Reddit shares open 38 per cent above IPO price

by Anas Siddiqui
Reddit shares open 38 per cent above IPO price

Reddit’s shares opened 38 per cent above the initial public offering price in their debut on the New York Stock Exchange. The development values the social media platform at $US8.87 …

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Reddit Stock Surges on Its First Day of Trading

by Anas Siddiqui
Reddit Stock Surges on Its First Day of Trading

A big concern ahead of the public listing was that Reddit, the platform that gave birth to the memestocks of 2021, could also suffer the wild price swings caused by …

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Reddit IPO Filings Reveal the Company’s Hopes—and Fears

by Anas Siddiqui
Reddit IPO Filings Reveal the Company’s Hopes—and Fears

The amount of time Reddit reports that users spend with its service hasn’t significantly budged either. In September 2021, the company said that US users on average engaged for 28 …

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Regulator bares teeth at fugitive influencer ‘ASX Wolf’

by Anas Siddiqui
Regulator bares teeth at fugitive influencer ‘ASX Wolf’

A fugitive social media finfluencer known by the persona “ASX Wolf” has been barred from managing a corporation after the financial regulator successfully obtained bankruptcy orders against him. Tyson Scholz …

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Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying

by Anas Siddiqui
Reddit Is Letting Power Users In on Its IPO. Not Everyone’s Buying

Reddit didn’t immediately respond to a request for comment for this story. Unwanted Offer Reddit’s investment offer to users is known as the Directed Share Program. “Because you have helped …

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