Nasdaq


China’s stock exchange plan to lure overseas-listed firms home 

China’s stock exchange plan to lure overseas-listed firms home 

Beijing is working on setting up a stock exchange that would attract Chinese firms listed in offshore markets such as Hong Kong and the United States.As well as bolstering the global status of its onshore share markets, the government hopes the initiative would also lure marquee global firms such as …

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Robinhood files draft IPO plan as Wall Street-haters launch Super PAC

Robinhood files draft IPO plan as Wall Street-haters launch Super PAC

(ATF) Amid the uprising of a Reddit crew that is forming a Super PAC to say they hate Wall Street but not its inventory, Robinhood Markets Inc, that owns the stock-trading app, said on Tuesday that it had filed a draft registration to go public.The well-financed but recently controversial trading …

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Baidu’s lukewarm reception on HK debut still raises $3.1 billion 

Baidu’s lukewarm reception on HK debut still raises $3.1 billion 

Investors gave tech conglomerate Baidu’s secondary listing debut in Hong Kong a lukewarm reception – but the internet giant still generated $3.1 billion.Baidu Inc’s shares closed flat on Tuesday with investors wary of the fundraising flurry in the city and the search company's growth plans.The downbeat mood towards Chinese technology …

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US techies form SPAC to access Indian start-ups

US techies form SPAC to access Indian start-ups

(ATF) Riding on the boom in SPAC listings on Wall Street, a bunch of Indian unicorn founders have come together to form a first-of-its-kind blank cheque company to focus on Indian technology companies looking to list in the US.Called Think Elevation Capital Growth Opportunities (TEGAU), the new venture that filed …

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Video site Bilibili gets the nod for a listing in Hong Kong

Video site Bilibili gets the nod for a listing in Hong Kong

(ATF) Chinese video site Bilibili Inc, which features anime shows and games, has won a nod from regulators for a secondary listing in Hong Kong. The Tencent-backed company is hoping to raise up to $3.2 billion, it said on Wednesday March 17.Bilibili listed on Nasdaq three years ago and has …

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Pinduoduo’s Colin Huang resigns from the company he founded 

Pinduoduo’s Colin Huang resigns from the company he founded 

(ATF) Colin Huang, the founder of online shopping app Pinduoduo, which has beaten Alibaba’s Taobao and Tmall in terms of user numbers within six years, has resigned as chairman to pursue research in in food and life sciences.In a shock move, the Nasdaq-listed company announced on Wednesday that Huang will …

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Tesla charges more as share price sparks into life again 

Tesla charges more as share price sparks into life again 

Tesla has upped the price tag on two of its leading models just a day after the electric car maker’s share price saw its biggest daily rise in a year.The American EV firm has increased the prices of its Model Y Long Range and Model S Plaid plus by $10,000, …

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Tesla surge pulls up Chinese EV stocks in tech sector rebound

Tesla surge pulls up Chinese EV stocks in tech sector rebound

(ATF) Tesla led a sharp rally in US technology stocks on Tuesday March 9 that pulled up prices for Chinese electric vehicle (EV) firms Nio and XPeng, and the Nasdaq rose 4% to recoup heavy losses from the previous session as US bond yields retreated.Tesla jumped 20% for the biggest …

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Powell stays calm - and alarms global markets

Powell stays calm - and alarms global markets

(ATF) Federal Reserve chairman Jerome Powell took a calm approach to recent Treasury volatility on Thursday March 4, prompting another spike in bond yields and selling of tech stocks.The benchmark 10-year US Treasury yield rose to close Thursday at 1.56% – close to the 1.61% level hit during a wave …

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Treasury yield surge hits technology stocks, Asian shares set to follow

Treasury yield surge hits technology stocks, Asian shares set to follow

(ATF) The benchmark 10-year US Treasury yield drove above 1.6% to hit its highest level in over a year on Thursday February 25, causing technology stocks to lead a downward shift for equities, with the Nasdaq 100 falling 3.5% and the S&P 500 down 2.5%. Asian stocks are set to …

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