Hong Kong topped global IPO fundraising in 2024 and early 2025, surpassing New York and Nasdaq. However, about half of the 179 companies listed since January 2025 have seen their stock prices drop over three months, underperforming benchmarks. Stocks joining the Stock Connect program initially surged but then fell significantly, highlighting volatility and investor caution. Authorities and analysts note capital shifts to cheaper mainland A shares and expect continued IPO activity with upcoming AI-related listings, amid concerns over short-term performance pressures in China's financial sector.
GNI Group has agreed to acquire 100% of Ayumi Pharmaceutical Holdings from shareholders led by Blackstone for about ¥44.8 billion. This acquisition significantly expands GNI's commercial footprint in Japan, especially in pain management and rheumatol...
Oil prices surged on Monday following missile attacks by Iran on Israel, raising fears of prolonged conflict in the Middle East. Brent crude futures rose 2.42% to $92.73 per barrel, while U.S. West Texas Intermediate futures gained 2.44% to $95.36. T...
Dorman reported Q1 results affected by peak tariff costs due to FIFO accounting but expects margin normalization and growth by year-end. Management reaffirmed full-year guidance, projecting 7-9% sales growth and operating margins in the high teens by...
Ripple's XRP Ledger is evolving from a simple payment network to a platform supporting tokenized real-world assets like securities, funds, repos, and loans. Ripple CTO Emeritus David Schwartz highlighted that this expansion allows enterprises to issu...
Public Storage's Q1 earnings were boosted by a foreign currency gain, masking underlying declines in revenue and occupancy, with full-year 2026 guidance showing flat to negative growth and a significant debt refinancing challenge amid high interest r...
