Smithfield Foods, the largest U.S. pork producer, raised $522 million in an IPO that was around 21% smaller than originally planned. Why it matters: There have been two big IPOs so far in 2025, and ...
US Pork Giant Smithfield Foods Raises $522M After Pricing IPO Below Range
Smithfield Foods and its Chinese parent raised around $522 million from the U.S. pork giant's initial public offering after pricing shares below their marketed range.
Hong Kong’s Slump in Fees Reflects Intensifying Banking Competition
Contemporary Amperex Technology Co. Ltd.’s upcoming jumbo listing, which could raise more than $5 billion, is the type of deal that can inject a much-needed adrenaline shot into a sputtering market ...
Hong Kong accounting body calls for more expertise in sustainability practices
Some 21 per cent of Hang Seng Index members obtained a ‘reasonable’ score while 53 per cent received a ‘limited’ rating, council report shows.
Hang Seng Bank fined $8.5 million for investment product sales misconduct
Hong Kong's securities regulator said on Monday it had fined Hang Seng Bank HK$66.4 million ($8.52 million) for overcharging its clients while selling investment products. The Securities and Futures ...
Smithfield Foods prices IPO below range in US market comeback
Smithfield Foods, the largest pork processor in the U.S., said it priced its initial public offering well below its forecast range, raising $521.7 million for the company and the selling stockholder.
How Hong Kong could take the lead in instant payments
Readers discuss the potential for the city's fintech sector to distinguish itself, and a way to help keep recession at bay Feel strongly about these letters, or any other aspects of the news? Share ...
Hang Seng Bank fined for HK$66.4 million over misconduct in selling investment products
Hong Kong regulators have imposed a HK$66.4 million fine on Hang Seng Bank for misconduct related to how it sold investment products between 2014 and 2023. The Securities and Futures Commission (SFC) ...
Ascentage raises $126m in first biotech IPO of 2025
Chinese biotech Ascentage Pharma has taken the first US biotech initial public offering (IPO) of 2025 over the finish line, raising $126 million for its pipeline of small-molecule cancer drugs.
Metsera eyes $289M IPO to fund phase 3 weight loss trial
Metsera has set its sights on a hefty $289 million IPO as the next-gen obesity biotech seeks to fund a phase 3 trial of its GLP-1 receptor agonist. | Metsera has set its sights on a hefty $289 million ...
Hong Kong’s SFC fines Hang Seng Bank US$8.5 million for misconduct
The SFC found that the bank had engaged in serious misconduct, including excessive fees and soliciting clients for frequent transactions.
Hong Kong regulator fines Hang Seng Bank $8.5 million for investment product sales misconduct
Hong Kong's securities regulator said on Monday it had fined Hang Seng Bank HK$66.4 million ($8.52 million) for overcharging its clients while selling investment products. The Securities and Futures ...
Hong Kong’s Exchange Fund reports fifth-best annual return despite fourth-quarter loss
The Exchange Fund, Hong Kong's financial war chest for defending the currency peg, reported a loss for the fourth quarter because of falling bond prices and a valuation loss on non-US dollar assets.
Hong Kong’s Property Distress Is Catching Up With City’s Banks
Distressed property sales in Hong Kong are beginning to bite banks that used to be well protected against loan losses. Most Read from BloombergWhat Happened to Hanging Out on the Street?Vienna ...