Medical equipment maker Contec Medical Systems surged by 2,932 per cent on the first day of trading, with other 17 debutants all soaring, after the CSRC scrapped the daily cap on ChiNext IPOs. ( read…
Tagged By ipo
First batch of IPO debutants rocket on Shenzhen’s revamped ChiNext tech board
The first batch of 18 companies all surged on Shenzhen’s technology board after the Chinese stock-market regulator revised the trading rules that allow new shares to rise or fall without any cap on … (…
Chinese startups soar in Shenzhen market debut under new IPO rules
More than two dozen companies making their debuts on the Shenzhen Stock Exchange’s ChiNext market under new IPO rules soared in early trading on Monday, with one stock surging more than 500%, a … (…
Flood of IPOs Test Resilience of China’s Sizzling Tech Board
A flood of new offerings on China’s ChiNext index began trading under revamped rules that remove daily price limits for debut shares, testing investor demand for the already pricey gauge. ( read original story …)
Chinese startups debut on Shenzhen tech board under new IPO rules
More than two dozen companies are set to debut Monday on the Shenzhen Stock Exchange’s ChiNext market under new initial public offering rules, with their performance crucial to hundreds of other … ( read original…
Chris Larsen, Executive Chair Of Ripple, Argues China Can Reverse Bitcoin Transactions
According to Larsen, “…at least 65 percent of cryptocurrency mining is concentrated in China, which means the Chinese government has the majority needed to wield control over those protocols and can … ( read original…
Crypto Yuan Will Meet the Dollar — in Hong Kong
Hong Kong, according to China’s Commerce Ministry, which is also planning similar evaluations in Shanghai, Macau, Beijing, Tianjin and the p … ( read original story …)
Flood of IPOs to Test Resilience of China’s Sizzling Tech Board
A flood of new offerings will test investor demand for the already pricey ChiNext board on Monday, when the index begins trading under revamped rules that removes daily price limits for debut shares. ( read…
China approves 7 new IPO applications
China’s top securities regulator has approved the initial public offering (IPO) applications of seven companies. Shanxi Huaxiang Group Co., Ltd., Ways Electron Co., Ltd., Hangzhou Li-On … ( read original story …)
Chinese Insurer Waterdrop Plans US IPO After $230M Funding Round
In a bid to grow its health insurance division and go public in the United States, Waterdrop Inc., a Hong Kong-based insurer, has raised $230 million. ( read original story …)
Today In Payments: $50B In Crypto Moved Out Of China; Uber Health To Deliver Meds
In today’s top news, $50 billion worth of cryptocurrency was transferred out of China, and Uber Health and NimbleRx have teamed on prescription delivery. ( read original story …)
China EV Maker XPeng Seeks to Raise Up to $1.11 Billion in IPO
Chinese EV producer XPeng filed for an IPO, seeking to raise up to $1.11 billion by selling 85 million ADSs at $11 to $13 each. ( read original story …)
$50bn in cryptoassets moved out of China in the past year
Report may indicate investors could be using stablecoin Tether to dodge rules to limit capital flight from China. ( read original story …)
