As a result, Monde’s meatless offerings don’t deserve to trade at anything like the 16 times sales Beyond Meat enjoys. Using the 4 times multiple from last month’s $400 million sale of Vivera to ... ( read original story ...)
Rebound Anticipated For Hong Kong Stock Market
The Hong Kong stock market headed south again on Wednesday, one day after ending the two-day losing streak in which it had plummeted nearly 950 points or 2.6 percent. The Hang Seng Index now sits just ... ( read original story ...)
UBS bullish on Macau casino operators as Swiss bank expects gaming hub to benefit from pent-up demand
Once Macau relaxes border controls further, there will be a greater recovery in the gaming sector, says Angus Chan of UBS Global Research. ( read original story ...)
Capital Calls: Honest IPO pop
Jessica Alba’s Honest Co made a star-worthy stock-exchange debut on Wednesday when shares opened more than 30% above the offering price set the day before. On the same day, the U.S. government ... ( read original story ...)
Record-Shattering Nike Air Yeezy Sneaker Going Public in $1.8M IPO
Ex-NFL player Gerome Sapp framed the move as a way of “providing the [sneaker] culture with a new type of access and opportunity.” ... ( read original story ...)
Hong Kong stocks hobbled by tech slump amid regulatory bother as Baidu hits new post-IPO low
Hong Kong stocks fell as technology stocks slipped on overhanging regulatory risks while Baidu slumped to a new post-IPO low. Market sentiment also took a hit from higher Covid-19 cases across the ... ( read original story ...)
Banks Moving Into Wellness, HSBC Announces New Global Partnership
Health is Wealth. With more than 40 million customers in 64 countries and territories, and assets of $3 billion, HSBC signs global deal to integrate dacadoo into its health and wellbeing platforms. ( read original story ...)
Hong Kong lawmaker questions need for subsidy payments to entice landlords to take part in temporary housing scheme
Michael Tien says it is better to simply give the money to tenants so they can rent homes themselves, but Undersecretary for Transport and Housing Raymond So says subsidy is required to encourage ... ( read original story ...)
China’s opening of Hong Kong bond market for mainlanders signals Beijing hastening efforts to open capital account
Beijing is expected to loosen capital controls further to give mainland investors a new outbound channel to buy bonds in Hong Kong, providing investment alternatives for Chinese households and ... ( read original story ...)
Hong Kong exchange backs down on contentious plan to double profit qualification for IPOs after outcry
Hong Kong Exchanges and Clearing Limited (HKEX) has decided to water down its proposal to drastically raise the profit qualification for a Main Board listing in the world's third-largest stock market, ... ( read original story ...)
SF Reit builds $345m Hong Kong IPO
SF Real Estate Investment Trust has launched bookbuilding for its Hong Kong listing. It is aiming to raise up to HK$2.68bn ($345.4m) from the city's first Reit IPO in a year and a half. ( read original story ...)
A Twosome Place IPO faces skepticism
Park A Twosome Place, a coffeehouse chain headquartered in Korea aiming to go public, sent out a request for proposal (RFP) for its initial public offering (IPO) recent ... ( read original story ...)
Hong Kong Is a Renters’ Market as Prices Drop on Expat Moves
There’s rarely been a better time to be apartment hunting in Hong Kong than right now. Rents in one of the world’s most expensive real estate markets dropped to HK$33.60 ($4.33) per square foot in the ... ( read original story ...)
Hong Kong court bars police officer charged with fraud from leaving city, contacting witnesses
Superintendent Lung Siu-chuen, 55, is accused of obtaining HK$6 million in housing loans by falsely claiming the property was intended for personal use. ( read original story ...)