Zhongji Innolight, a Chinese optical transceiver maker, saw its shares drop 1.28% after debuting on the Hong Kong Stock Exchange. The company raised HK$53.4 billion ($6.8 billion) through its IPO, pricing shares below the maximum indicated price. This IPO is Asia's second-largest this year, following CXMT's $8.6 billion Shanghai listing. Zhongji, also listed in Shenzhen, is a leading supplier for AI data centers and high-speed networking, holding over 21% of the global optical interconnect market. The company plans to use the proceeds to boost R&D, expand overseas production, strengthen its supply chain, and pursue acquisitions.
Mesoblast announced $36 million in net revenue for Q4 and $115 million for the first full year following FDA approval of its Ryoncil therapy, used to treat steroid-refractory acute graft versus host disease (SR-aGvHD) in children. The company is expa...
Fortuna Mining Corp. has approved a $109 million expansion of its Séguéla Gold Mine in Côte d’Ivoire, increasing processing capacity by 30% from 1.75 to 2.3 million tonnes per annum and improving gold recovery to 94.5%. This expansion includes upgrad...
Microsoft Corporation reported a strong Q2 performance driven by AI growth and robust cloud business, with key segments like Productivity and Intelligent Cloud showing double-digit gains. While Windows OEM, Devices, and XBOX sales declined, the compa...
The global mirrorless lenses market is projected to grow from $2.60 billion in 2025 to $4.80 billion by 2033, at a CAGR of 7.4%. Growth is fueled by rising demand for high-quality optics, faster camera upgrade cycles, and expanding workflows among co...
Ethereum's long positions in coin-margined futures surged to 66.02%, a 5.47 percentage point increase, highlighting growing bullish leverage among top derivatives traders. This rise reflects existing traders increasing their exposure rather than new ...
