Reddit is targeting a valuation of up to $6.4 billion as it gets for its initial public offering later this month.
Monthly Archives For March 2024
Lotus Shares Tumble 40% Since IPO, As Parent Geely Plans World Domination
Taking Lotus Tech public wasn’t the success story Geely may have hoped for. After two weeks, shares on the Nasdaq have plummeted by nearly 40%, from $13.80 at listing on February 23 to $8.37 at…
HAF: China’s Huo Meng Unpacks Multi-Generational Epic in ‘The Wind Is Unstoppable’
Presented as a work-in-progress, Huo Meng takes his sophomore directing effort to another level in rural tale ‘The Wind Is Unstoppable.’ …
Beijing’s ‘White List’ Answer To China Property Crisis Is Insufficient
China’s property crisis has created a huge financial mess that needs much time and effort to clean up. Beijing’s “white lists” are inadequate in the extreme..
Why China Stocks Alibaba, JD.com, and PDD Holdings Were Climbing Today
It will still be an uphill climb for China stock investors, but shares of top Chinese tech stocks have fallen so far that it won’t take much to give them a lift. As a result,…
China’s nationalists put water firm under fire, dousing private sector’s flickering confidence
Attacks by internet users on China’s biggest water company have prompted concerns over whether other private businesses will come under boycott, hampering growth at a time when the country needs it …
No risk of war before new Taiwan president takes office but Beijing to keep up coercion drive, island’s spy chief says
Peaceful reunification still preferred but Beijing will ramp up efforts at coercion with aim to intimidate, Taiwan’s intelligence chief tells lawmakers.
China is sending a harsh message to its struggling property developers: ‘They will be made to pay the due price’
When the Chinese government started cutting off debt financing to the country’s massive property developers in 2020, it sent the $5 trillion real estate sector into a tailspin.
US carefully monitors chip exports to China, deepens investments in Philippines
U.S. Commerce Secretary Gina Raimondo led a U.S. Presidential Trade and Investment Mission to boost US contributions to the Philippines and strengthen bilateral economic ties.
IPO Roundup: Boundless Bio, NeOnc Technologies and more
The U.S. IPO market is gearing up for a busy week, with several small issuers preparing to make their debut. It follows a mixed week for new public listings, marked by the 32% surge of…
China’s congress closes annual session with near-unanimous support for Xi Jinping
China’s congress concluded its annual session with a show of … During this year’s congress, many provincial meetings were opened to the media for the first time since the COVID-19 pandemic, though …
Reddit IPO to Raise up to $748 Million Through Stock Debut, With Valuation of up to $6.4 Billion
Reddit disclosed financial details of its forthcoming IPO, through which it’s aiming to raise as much as $748 million.
China Market Update: Shanghai & Shenzhen Break Out Of Consolidation Levels, Trump Opposes TikTok Ban
Asian equities were largely lower, as Hong Kong and Mainland China posted a strong start to the week while Japan and Australia underperformed the region.
