Smithfield Foods could be one of the year's biggest U.S. initial public offerings, with the pork producer planning to raise as much as $940 million as it returns to the stock market The Smithfield, Va ...
Ascentage Pharma’s US Shares Climb After $126 Million IPO
Shares of Ascentage Pharma Group International rose as much as 4% in the Chinese biopharmaceutical company’s US trading debut after pricing its $126.4 million initial public offering at a discount to ...
Ascentage Pharma IPO opens flat
IPO began trading Friday on the NASDAQ. Shares opened at $17.25 per ADS, in line with the initial public offering (IPO) price of $17.25. The pharmaceutical company, already listed on the Main Board of ...
Hang Lung Properties profit slumps 46% on lower leasing profits, higher finance costs
Hong Kong developer Hang Lung Properties’ 2024 earnings slumped 45.8 per cent from a year earlier due to lower operating leasing profits and higher finance costs. The company’s net profit attributable ...
HK’s financial system endorsed by IMF
An International Monetary Fund report reaffirms Hong Kong’s position as an international financial centre, and recognises that the city’s financial system remains resilient.
KPMG: Slower than expected interest rate cuts to support bank margins in 2025
Banks should prioritise cost optimisation, data governance, and digital transformation to build a foundation for long-term growthHONG KONG SAR – Media OutReach Newswire – 24 January 2025 – Hong Kong’s ...
Obesity biotech Aardvark eyes IPO as Ascentage makes $126M Nasdaq debut
The buzz around biotech IPOs is continuing through January, with clinical-stage metabolic company Aardvark Therapeutics ...
Stock market today: Asian shares gain after S&P 500 climbs to a record and Bank of Japan raises rate
Tokyo's Nikkei 225 index gained 0.3% to 40,074.87 after the central bank raised its benchmark rate to about 0.5% from 0.25%, as widely expected. It is the highest level for the rate since 2008, as the ...
Hong Kong’s lived-in home prices complete third year of decline in worst run since 2003
Prices of second-hand homes fell in December, snapping a two-month rebound, and have dropped 27 per cent over the past three years.
Hang Seng Index
Hang Seng Index snaps six-day losing streak after CSRC says every effort will be made to maintain market momentum. Hong Kong stocks post ... The Swiss bank expects the city’s benchmark index ...
Hong Kong can become a multicurrency bond hub with Beijing’s support: experts
Many Hong Kong public bodies have seen increasing interest in multicurrency bonds to attract more international investors, UBS says.
Skyline Builders Group IPO opens at $4.40, raising $6 million
Skyline Builders Group Holding Limited (NASDAQ: SKBL), a Hong Kong-based public works contractor, launched its initial public offering (IPO) today in the U.S.. The IPO opened at $4.40 per share ...
Hong Kong stocks reverse gains as China’s market-boosting plan disappoints traders
At least 100 billion yuan of insurance funds will funnelled into A shares as part of a pilot programme within the first six months, regulators say.
GSK, Merck and Pfizer in Ab&B’s sights as Chinese vaccine biotech files for IPO
Ab&B Bio-Tech has joined the stacked roster of drug developers queuing up to go public in Hong Kong, filing the paperwork for an IPO to fund development of vaccines that could compete with companies ...