Markets

Robinhood Confidentially Files for IPO

Commission free online brokerage company Robinhood Markets Inc. has confidentially filed for an initial public offering with market regulators. The company made this announcement without going into details about the IPO. This IPO filing comes at a time when United States capital markets have been booming due to increased trading activities and companies going public […]

Tesla to Shut Down if its Cars are Used to Spy Says Musk

Unconfirmed stories have been making rounds across social platforms suggesting cars from leading electric car manufacturer Tesla Inc. (TSLA) have been prohibited by Chinese military from entering complexes in China citing security concerns due to security cameras mounted on the vehicles. Well, during the weekend CEO of the company Elon Musk had a video interview […]

Leading Chinese Search Engine Baidu Planning a $3.08 Billion Hong Kong IPO

Leading Chinese search engine Baidu Inc. (BIDU) is preparing for a secondary listing in the Hong Kong Stock Exchange with an aim of fetching $3.08 billion from the initial public offering. Sources linked to this matter directly revealed that the company will be pricing its IPO price at HK$252 ($32.45) apiece offering 95 million shares […]

Chinese e-Commerce Company DMall Preparing For a $500 Million U.S IPO

China based e-commerce company DMall E-commerce Co. is preparing for a $500 million initial public offering in the United States stock market. Sources directly involved in the matter said the company has already hired JP Morgan Chase & C0. (JPM), Bank of America Corp. (BAC) and Goldman Sachs Group Inc. (GS) to serve as its […]

Microsoft Dispatches Update to Fix Teams Technical Hitch

Leading Technology Company Microsoft Corp. (MSFT) has dispatched an updated to fix some technical hitches which had affected several services controlled by Microsoft including Outlook.com, workplace messaging app Teams among other services. Citing numbers from tracking website Downdetector.com, over 26,000 individuals had reported glitches linked to Teams and another 3,500 people had reported hitches linked […]

Nokia and Samsung Sign a License Patent Agreement

Finnish telecommunication information technology company Nokia Oyj (HEL: NOKIA) announced having signed a license patent pact with South Korea leading tech giant Samsung Electronics Co (KRX: 005930) linked to its innovations in video standards. Nokia further revealed Samsung will be making paying its royalty payments nonetheless, it failed to disclose the financial agreement of the […]

South Korea’s Largest e-commerce Company Coupang Raises $4.2 Billion in U.S IPO

The largest e-commerce company in South Korea Coupang LLC (CPNG) announced having raised a whopping $4.2 billion from its United States initial public offering held on March 10. Insider sources revealed that the company sold shares at a price above the IPO target price. This goes down as the largest IPO of the year in […]

PayPal to Introduce ‘Buy Now Pay Later’ Option in Australia

United States online payment system PayPal Inc. (PYPL) will be introducing its ‘buy now pay later’ (BNPL) option in Australia. The company made this announcement on March 9 further specifying it will be launching the service on June. PayPal has already rolled out this option in the United States and Britain. By the end of […]

Meitu Beauty App Surges After Investing in Cryptocurrency

Shares of China based photo editing and beauty app Meitu Inc. (01357) surged after the Hong Kong stock exchange listed company invested in cryptocurrency. On 8 March the company announced having invested $40 million in cryptocurrencies. Moments after the announcements shares of the company rallied by 8%. According to regulatory filings, Meitu bought Ether worth […]

Hong Kong Contemplating Whether to Allow SPAC Listings

Companies getting listed in the U.S stock markets through merger with Special Purpose Acquisition Companies (SPACs) is becoming common as some private companies seems to prefer this method rather than the traditional method of holding an initial public offering. Hong Kong Stock Exchange is contemplating about allowing companies to get listed via merger with SPACs […]