IPO - Asia Tech Wire

IPO

21:13

                            Goldman Sachs: The sell-off of technology stocks is not a harbinger of a bear market in the US stock market. The macro environment is conducive to further market growth
                        
                            Goldman Sachs Group strategists believe that the U.S. stock sell-off led by technology stocks at the beginning of this week is only temporary given the optimistic economic outlook. DeepSeek's low-price AI model caused a market sensation, causing the Nasdaq 100 index to wipe out nearly $1 trillion in market value on Monday. Goldman Sachs' Peter Oppenheimer wrote in a report that the plunge is not a harbinger of a continued decline in the stock market. Goldman Sachs strategists said that "most bear markets are caused by expectations of falling profits caused by recession concerns," and the probability of this happening in the next 12 months is low.
                        
00:27

                            WTF to list on Nasdaq, chairman Kai Zhou invited to Trump's inauguration
                        
                            Mr. Kai Zhou, Chairman of Waton Financial Limited (WTF), was invited to attend President Trump's inauguration ceremony and was seated in the VIP section.
                        
10:57

                            CATL reportedly completes Hong Kong secondary listing as early as H1, raising at least $5 billion
                        
                            CATL, China's largest maker of batteries for electric vehicles, could complete a secondary listing in Hong Kong as early as the first half of this year, raising at least $5 billion, according to Bloomberg.
                        
12:47

                            CATL may hire BofA, CICC, JPMorgan Chase and others for secondary listing
                        
                            It is reported that CATL may hire Bank of America, CICC, JPMorgan Chase and others to work on its second listing in Hong Kong.
                        
18:37

                            Shein reportedly gears up for London IPO in H1
                        
                            Singapore-based online fast fashion retailer Shein is striving for a London IPO in the first half of this year, according to Reuters.
                        
21:37

                            Market news: Arrive AI has submitted a registration statement for direct listing to the U.S. Securities and Exchange Commission.
                        
10:10

                            A-share Honor concept stocks fluctuated and strengthened, Huibo Yuntong hit the 20cm daily limit, Aesop had previously closed the board, Tianyin Holdings, Crystal Optech, Hongxin Electronics, and ArcSoft Technology were among the top gainers. According to reports, Honor's share reform was completed on December 28, and the name of Honor Terminal Company was changed to "Honor Terminal Co., Ltd.". People familiar with the matter said that Honor will start the IPO process at an appropriate time.
                        
10:20

                            Honor completed its shareholding reform today and changed its company name to "Honor Terminal Co., Ltd."
                        
                            Honor has made smooth progress in its shareholding reform since it started in the fourth quarter of 2024. The shareholding reform has been completed today (December 28, 2024), and the name of Honor Terminal Company has been changed to "Honor Terminal Co., Ltd." The person said that this shareholding reform involves changes in the company's form and name, which will not affect the company's daily operations. After the shareholding reform is completed, Honor will start the IPO process in due course, and further information will be disclosed in the corresponding process. In order to achieve the company's next stage of strategic development, Honor will promote the company's entry into the capital market through the initial public offering.
                        
21:59

                            CATL announces plan to list in Hong Kong
                        
                            CATL, China's largest maker of batteries for electric vehicles, announced plans to list in Hong Kong late Thursday.
                        
16:45

                            CATL has not responded to rumors of listing in Hong Kong
                        
                            Chinese battery giant CATL is considering a secondary listing in Hong Kong, which is scheduled to be completed as early as the first half of 2025, and is expected to raise at least $5 billion, according to Bloomberg.
                        
16:26

                            Regulatory requirements to regulate the public statements of chief economists, securities analysts, fund managers, etc.
                        
                            The reporter has recently learned that the securities regulatory bureaus in many places have recently put forward regulatory requirements for securities companies, etc., aiming to strengthen the management of public speech, especially the management of the external voices of practitioners such as chief economists, securities analysts, and fund managers. According to multiple sources, some securities research institutes have issued internal documents to strengthen the management of analysts, requiring analysts to fully regulate their own words and deeds, strictly abide by the professional standards, and emphasize that research reports are the only standard for opinions. Don't say something out of the ordinary for the sake of eyeballs, don't relax the standards in order to attract customers and echo hot spots, and don't take the chance to test the regulatory red line. A research institute compliance said that many third-party institutions currently accept buyers' commissions and directly access various meetings in the name of buyers, maintain and analyze them through AI, and then disseminate them to the outside world. Compliance clearly requires that practitioners are prohibited from providing listed company research minutes to customers in any way. The relevant minutes can only be archived internally or used as materials for writing research reports.
                        
10:06

                            CATL is reportedly considering listing in Hong Kong to raise at least $5 billion
                        
                            CATL, China's largest battery maker for electric vehicles, may seek a second listing in Hong Kong as soon as 2025 and consider raising at least $5 billion, according to Bloomberg, citing people familiar with the matter.
                        
05:02

                            The three major U.S. stock indexes all closed down more than 2%, and the Dow Jones Industrial Average recorded its longest losing streak in more than half a century.
                        
                            The Federal Reserve announced a 25 basis point rate cut, and Powell said the Fed is at or close to slowing down its rate cuts. The three major U.S. stock indexes all closed sharply lower, with the Nasdaq down 3.56%, the S&P 500 down 2.95%, and the Dow down 2.59%. Among them, the Dow fell for the 10th consecutive day, the longest losing streak since October 1974. Quantum computing hot stocks rose more than 53% against the trend; most of the popular Chinese stocks closed lower, with the Nasdaq China Golden Dragon Index down more than 2%.
                        
20:51

                            Intensifying efforts to give back to investors, the number of companies disclosing interim dividends on the Shanghai Stock Exchange increased by 354% year-on-year
                        
                            The latest data disclosed by the Shanghai Stock Exchange shows that the enthusiasm of Shanghai-listed companies for mid-year and quarterly dividends has increased significantly this year. According to statistics, as of now, there are 481 companies in the Shanghai Stock Exchange that have disclosed mid-term dividends in 2024, an increase of 354% year-on-year, and the amount of dividends reached 574.9 billion yuan, an increase of 184% year-on-year. Some companies have paid dividends twice or even three times this year. Among them, Linglong Tire disclosed dividend plans in the first quarter, mid-term, and third quarter reports this year, with cash dividends per share of 0.091 yuan, 0.1 yuan, and 0.162 yuan, respectively. In addition, Shanghai-listed companies such as Kweichow Moutai, China Nuclear Power, Will Group, China Power, and Anjing Foods have all launched dividends twice this year.
                        
22:31

                            At the opening of the US stock market, the Dow Jones Industrial Average rose 56 points, the S&P 500 rose 0.23%, and the Nasdaq rose 0.47%. Micron Technology (MU.O) rose 2.4%, and Wall Street expects the company's Q1 revenue in fiscal year 25 to increase significantly year-on-year; MicroStrategy (MSTR.O) rose 3.8%, and the company entered the Nasdaq 100 Index. The Nasdaq China Golden Dragon Index fell 1.7%.
                        
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