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New York Stock Exchange

Chinese ride-hailing giant Didi reports record transaction value for June quarter

by Anas Siddiqui
Chinese ride-hailing giant Didi reports record transaction value for June quarter

Chinese ride-hailing giant Didi Global on Wednesday said that both order volume and transaction value reached record highs during the three months through June. Orders in both China and overseas …

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Samsonite to pursue dual listing in US, implement US$200-million share buy-back

by Anas Siddiqui
Samsonite to pursue dual listing in US, implement US0-million share buy-back

Luggage maker Samsonite International has decided to pursue a second stock listing in the United States, its single-biggest market by sales, to reach more investors and boost liquidity of the …

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Hong Kong IPO market finds ‘positivity’ after slow first half of 2024 as deal pipeline fills

by Anas Siddiqui
Hong Kong IPO market finds ‘positivity’ after slow first half of 2024 as deal pipeline fills

Initial public offering (IPO) activity in Hong Kong is gearing up for a busier second half of the year, shaking off a slow first six months as more Chinese companies …

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Memorial Day 2024: Memorial Day 2024:Will US stock markets remain open? Know the trading schedule

by Ron Morgan
Memorial Day 2024: Memorial Day 2024:Will US stock markets remain open? Know the trading schedule

As Memorial Day approaches, investors are wondering whether the stock market will be open or closed on Monday, May 27. Here’s what you need to know about the trading schedule …

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Alibaba’s US$4.5 billion convertible bond sale ‘oversubscribed’, as tech giant builds war chest to fund share buy-backs

by Anas Siddiqui
Alibaba’s US.5 billion convertible bond sale ‘oversubscribed’, as tech giant builds war chest to fund share buy-backs

Alibaba Group Holding is selling up to US$5 billion worth of convertible bonds to fund its share buy-backs, as leaders of the Chinese tech giant declared e-commerce and cloud computing …

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US approves applications from Nasdaq, NYSE, CBOE to list spot ether ETFs in surprise win for crypto sector

by Anas Siddiqui
US approves applications from Nasdaq, NYSE, CBOE to list spot ether ETFs in surprise win for crypto sector

“This is an exciting moment for the industry at large,” said Andrew Jacobson, vice-president and head of legal at 21Shares, noting it was “a significant step” towards getting the products …

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Geely’s EV unit Zeekr raises US$441 million at top end of New York IPO price range in biggest Chinese stock offering since 2021

by Anas Siddiqui
Geely’s EV unit Zeekr raises US1 million at top end of New York IPO price range in biggest Chinese stock offering since 2021

Zeekr Intelligent Technology, the premium electric-vehicle (EV) unit controlled by Hong Kong-listed Geely Automobile, raised about US$441 million (HK$3.4 billion) after upsizing its stock offering in New York following strong …

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Opinion | Suddenly, the US bull market isn’t looking so great

by Walter Watson
Opinion | Suddenly, the US bull market isn’t looking so great

I am not alone in this view. My former Far Eastern Economic Review colleague Christopher Wood (now the global head of equity strategy at investment bank Jefferies) observed in a …

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Reddit files for an IPO, seeks to trade on NY Stock Exchange

by Edgar Davis
Reddit files for an IPO, seeks to trade on NY Stock Exchange

Reddit disclosed $90.8 million in losses and revenue growth of roughly 21% in 2023 on Thursday, as the social media company made public its IPO filing ahead of a planned stock …

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Value of Chinese businesses listed on US stock exchanges dropped significantly in 2023

by Anas Siddiqui
Value of Chinese businesses listed on US stock exchanges dropped significantly in 2023

Chinese company profits and share prices have fallen sharply, with Chinese and Hong Kong shares ending 2023 down 10 per cent, some of the world’s worst performing equity markets. 05:39 …

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