The initial placement of shares of the Chinese manufacturer of smartphones, Xiaomi, will be held this week on the Hong Kong Stock Exchange, sources familiar with the situation told Reuters. They note that the company's value has been reduced to 55 billion-70 billion dollars. The Wall Street Journal writes that Xiaomi postponed the IPO in mainland China in anticipation of a change in regulation, which was due to the disagreement between the company and regulators over the valuation of Chinese deposit receipts. After an IPO in Hong Kong, while which the company can raise up to $10 billion, Xiaomi will return to the issue of listing in Shanghai or Shenzhen, when the relevant rules are ready.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
South Korea on Wednesday announced that it would scale back its plans to impose capital gains taxes on stock investments after numerous complaints from retail investors. However, taxes will, instead increase for top earners as part of changes ...
The dollar firmed on Thursday as a decline in Chinese retail sales worried investors, while the rest of the market anticipates the EU summit this weekend. The euro was down 0.1% to $1.1401, while the dollar stood at 106.95 on the yen. The ...
On Monday, world shares edged towards a five-month high and the U.S. dollar decreased in late trading as investors anticipated that the earnings season would see most companies beat revenue forecasts in light of the lifted coronavirus restrictions. The ...
Asian shares hit four-month highs on Monday as investors relied on liquidity and market stimulus to support global economic recovery despite the surge of new cases in the United States. MSCI’s broadest index of Asia-Pacific shares outside ...