Shanghai Top Numerical Control Technology wants to raise 1.72 billion Hong Kong dollars, equivalent to $219.7 million, in its public offering by selling 65.3 million shares at HK$26.39 each, according ... ( read original story ...)
Shanghai Composite breaks 4,200 points as AI supercycle lifts Asian markets
Chinese stock markets spearheaded a synchronized Asian rally on Monday morning, with the Shanghai Composite Index breaking above 4,200 points to hit its highest level in over a decade, while South ... ( read original story ...)
Baidu Chip Unit Targets $14.7 Billion Valuation In IPO Push
Baidu (NASDAQ:BIDU) is moving to sharpen the investor story around Kunlunxin, its chipmaking unit, as the company pursues an IPO on Shanghai's STAR Board while also keeping a separate Hong Kong ... ( read original story ...)
Baidu’s Kunlunxin files for dual Hong Kong and Shanghai STAR Market listing
Morgan Stanley expects Kunlunxin to remain a consolidated subsidiary of Baidu when it lists in Hong Kong. The firm noted the possibility of future strategic investors, particularly from the supply ... ( read original story ...)
IPO Quote Profile
Updated corporate news on investor relations, earning reports, announcements and IPOs news, IPO offerings, eIPOs, listings and allotments ... ( read original story ...)
Cambricon’s Stock Jumps by Limit to Record High After Chinese AI Chip Giant’s First-Quarter Profit Nearly Triples
Cambricon Technologies' shares jumped by the exchange-imposed daily trading limit to hit a record high after the Chinese maker of artificial intelligence chips said its net profit almost tripled in ... ( read original story ...)
Shanghai’s Social Financing Speeds Up in First Quarter, Corporate Financing Costs Drop to Historic Low
Total social financing in Shanghai grew at a faster pace than a year earlier in the first quarter, while corporate financing costs plunged to a historic low in March, better meeting the financing ... ( read original story ...)