IPO
20:35
Walmart’s Nasdaq Switch Signals Tech-Driven Strategy—Here’s What Investors Should Know
14:29
Market news: Hesai Group plans to price its Hong Kong IPO at HK$212.80 per share.
04:08
Nasdaq and S&P 500 continue to hit new closing highs, Oracle surges 36%
The three major U.S. stock indices closed mixed, with the S&P 500 up 0.3%, the Dow Jones Industrial Average down 0.48%, and the Nasdaq Composite up 0.03%. Both the S&P 500 and Nasdaq set new closing highs. Oracle's stock surged 36% to a record high, surging its market capitalization by $251 billion (approximately 1.78 trillion yuan) during the day.
19:34
Moore Thread and intermediary agencies responded to the first round of review inquiry letters
We have received the "Inquiry Letter Regarding the Review of Moore Thread Intelligent Technology (Beijing) Co., Ltd.'s Application for the Initial Public Offering and Listing on the Science and Technology Innovation Board" issued by the Shanghai Stock Exchange on July 17, 2025. Moore Thread, its sponsor, CITIC Securities, Jingtian & Gongcheng, and Ernst & Young have carefully considered and addressed the relevant questions raised in the inquiry. We hereby respond to the inquiries for your review. The response states that during the reporting period, the issuer's graphics acceleration products enjoyed a relatively high repurchase rate, with products such as the S3000 and S50 demonstrating strong repurchase performance. The repurchase rate for AI intelligent computing products is increasing, with cluster customers generally expressing a willingness to test the issuer's next-generation products. The company anticipates that order levels will better reflect its performance expectations. As of the date of this response, the company anticipates an order value of approximately 2 billion yuan. Revenue from the AI intelligent computing business, which accounts for a significant portion of this order value, is expected to be realized in 2025 and 2026, while revenue from the intelligent SOC, professional graphics acceleration, and desktop graphics acceleration businesses is expected to be realized in 2025. In the field of AI intelligent computing, the projects the company is negotiating are all large-scale cluster projects, mainly clusters with Pinghu series motherboards as the core. The projects have obtained procurement intentions and will complete the delivery of some products in the first half of 2025. Product testing or phased evaluation has been completed, and the order feasibility is relatively high.
11:42
SoftBank-backed mobile advertising platform InMobi is seeking $350 million in private lending ahead of its planned initial public offering in India, sources said.
19:15
Sources: CARRO, Southeast Asia's largest online used car trading platform, plans to conduct an initial public offering (IPO) in the United States as early as 2026. CARRO is targeting a valuation of more than US$3 billion and could raise up to US$500 million.
18:22
SMIC: China Asset Management reduced its holdings by 651,800 shares
SMIC announced that China Asset Management's China AMC SSE STAR Market 50 Exchange Traded Open-End Index Securities Investment Fund recently reduced its holdings of SMIC's domestic shares by 651,800 shares, a 0.03% decrease, through stock exchange transactions. Following the reduction, the fund now holds 98,827,900 shares of SMIC, representing 4.97% of the company's total domestic share capital and 1.24% of its total share capital. This shareholding change is a normal adjustment based on the fund's investment strategy and does not affect the company's status as the controlling shareholder or actual controller.
12:43
Many leading Shenzhen A-share companies are preparing for secondary offerings in Hong Kong
Since the beginning of this year, Hong Kong stocks have set off an investment boom. As of the close of last Friday, the Hang Seng Index has risen by more than 23% this year. Active southbound funds have poured in through the Hong Kong Stock Connect, significantly improving market valuations. Supported by abundant liquidity, mainland companies are increasingly enthusiastic about going to Hong Kong for IPOs, and many leading A-share manufacturing companies in Shenzhen are preparing for secondary issuance of Hong Kong stocks. The reporter sorted out the announcements of Shenzhen companies going to Hong Kong for listing and found that "overseas business development" and "international brand image" have become high-frequency words. By expanding financing channels and introducing more international investors, these Shenzhen companies hope to further expand their global layout and enhance their competitiveness. Since the beginning of this year, at least eight companies in Shenzhen, including Dongpeng Beverage, Jiangbolong, Fibercom, Fengqi Technology, Zhaowei Electromechanical, Luxshare Precision, Xinwanda, and Yuntian Lifei, have announced their H-share issuance plans, and their willingness to go public in Hong Kong has increased significantly compared with last year.
11:00
MH Markets attends Waton Financial's NASDAQ bell-ringing ceremony, officially announces IPO schedule
12:35
WTF rings Nasdaq bell, preparing to provide brokerage services to AIs
Waton Financial Limited (NASDAQ: WTF) , a holding company registered in the British Virgin Islands and engaged primarily in securities brokerage and fintech services through its Hong Kong subsidiaries, Waton Securities International Limited and Waton Technology International Limited, on Monday commemorated its recent initial public offering by ringing the opening bell at the Nasdaq Stock Market in New York.
21:26
GAC Group responds to Hong Kong IPO: Waiting for the right time
In response to the question "Does GAC Aion plan to go public in Hong Kong through an IPO?", GAC Group said on the interactive platform: "GAC Aion will fully consider factors such as business operations, capital market trends, regulatory environment, and market valuation, follow the trend, and wait for the right time to advance the capitalization process to ensure the maximization of shareholder interests."
23:16
Chinese stocks strengthened, with the Nasdaq China Golden Dragon Index rising nearly 3%
Chinese stocks strengthened, with the Nasdaq China Golden Dragon Index rising nearly 3%, Pony.ai rising more than 13%, New Oriental rising more than 12.7%, Hesai rising 12.4%, and Kingsoft Cloud rising 6.7%.
07:40
Lens Technology passes listing hearing of Hong Kong Stock Exchange
On June 22, Lens Technology Co., Ltd. passed the listing hearing of the Hong Kong Stock Exchange, and its exclusive sponsor was CITIC Securities.
08:09
AI company Unisound seeks to raise up to HK$320 million in Hong Kong IPO
According to the application documents published on the Hong Kong Stock Exchange, AI solution provider Unisound Intelligent Technology Co., Ltd. plans to issue 1.56 million shares in its Hong Kong initial public offering (IPO), with a promotion price range of HK$165 to HK$205 per share. The company seeks to raise up to HK$320 million (US$40.8 million) and is expected to be listed on June 30. CICC and Haitong International are joint sponsors.
15:28
Wood Sister once again sells more than $44 million of Circle, the first stablecoin stock
Cathie Wood's Ark Invest sold another $44.76 million of Circle shares on Tuesday, as the stock price of stablecoin issuer Circle Internet Group continued to be far higher than the recent IPO price. The day before, the institution had just sold $51.7 million of shares. According to the latest filings by Ark Invest, its three exchange-traded funds (ETFs) completed the reduction on Tuesday: Ark Innovation ETF (ARKK) sold 208,700 shares of Circle, Ark Next Generation Internet ETF (ARKW) sold 65,320 shares, and Ark Fintech Innovation ETF (ARKF) also reduced its holdings by 26,134 shares.
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