Chinese electric vehicle maker Zhejiang Leapmotor Technology is aiming to raise $1.03 billion in a Hong Kong initial public offering (IPO), according to regulatory filings, that would be the largest in the city in 2022. The company is selling 130.82 million shares in the deal that will be sold in a price range of HK$48 […]
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The Indian parity markets are witnessing one of the biggest crashes in history as Russia launched an assault on Ukraine. As such, Indian markets, on Thursday, were wiping out $177 billions of investors’ money as Sensex plunged nearly 5 percent. Indian IT companies do not have significant operations in Ukraine; they have large centers in […]
SoftBank Group Corp shelved the sale of Arm Ltd to U.S. chipmaker Nvidia Corp due to regulatory hurdles, the companies said, and Arm named a new CEO who it said would help the British firm seek a public listing before March 2023. The cash-and-stock deal was announced in 2020 and would have been worth as […]
On Wednesday, India’s largest telecom operator Bharti Airtel said the unit managing its Africa operations is considering a potential initial public offering (IPO). According to local media reports, Airtel public relations manager David Birungi confirmed this but did not go into details, saying the company will inform the public when negotiations are complete. As such, […]
Social media platform Reddit Inc, whose message boards became central to meme stock trading frenzy in 2021, is tapping Wall Street banks Morgan Stanley and Goldman Sachs Group for its initial public offering, a source familiar with the matter told Reuters on Friday. Reddit had confidentially filed for an IPO in December and is aiming […]
Bharat FIH, formerly Rising Stars Mobile India, a subsidiary of FIH Mobiles, a Foxconn Technology Group Company, has filed for an initial public offering of $662.97 million. As such, Bharat FIH’s IPO will consist of a fresh issue of shares of up to $332 million and an offer for sale of shares up to $332 […]
A week after removing its listing from Hong Kong Stock Exchange, Chinese Artificial Intelligence (AI) startup, SenseTime Group, relaunched its $767 million initial public offering (IPO) on Monday. The company pulled out its offering amidst escalating geopolitical tension between China and the U.S. after Washington accused the firm of creating facial recognition tools to identify […]
Next week, China Mobile will release its initial public offering and online subscription on the Shanghai main stock market board, making it the most prominent Chinese capital IPO of the decade. China’s largest telecom carrier was removed from the New York Stock Exchange earlier this year due to a ban ordered by former President Donald […]
MTN Nigeria kicked off its IPO for retail investors, placing 575 million of its shares up for grab, capped at $0.41 per share, according to the operator. As such, MTN Group President and CEO Ralph Mupita said: “With this offer, we will contribute to the further deepening of Nigeria’s equity capital markets. It is the […]
The Cyber Administration of China (CAC) uncovered on Sunday a draft rule requiring tech firms listing in Hong Kong Stock Exchange (HKSE) to succumb to a cyber security review for share sales jeopardizing national security. Beijing’s watchdog has played its card in its overdue battle with its tech sector, with a maneuver that will endanger […]