The National Stock Exchange of India has filed its draft red herring prospectus for an IPO of up to 148,905,525 equity shares, estimated at Rs 30,000 crore. This offering is poised to be the largest corporate market debut in India, surpassing Hyundai Motor India's IPO.
The Shanghai Stock Exchange (SSE) has updated listing rules for unprofitable AI firms, allowing LLM developers to go public on the Star Market with an anticipated market cap of at least 4 billion yuan and clear commercialization plans. The move aims to support high-quality AI companies amid intense global competition.
The Shanghai Stock Exchange has updated listing rules for unprofitable AI firms, allowing them to go public on the Star Market if they have an anticipated market cap of at least 4 billion yuan and clear commercialization plans. This aims to support high-quality AI companies amid intense global competition.
The Shanghai Stock Exchange has updated listing rules for unprofitable AI firms, allowing them to go public on the Star Market if they meet criteria like a 4 billion yuan market cap and clear commercialization plans. This aims to support high-quality AI companies amid intense global competition.
The National Stock Exchange of India (NSE) has filed its Draft Red Herring Prospectus (DRHP) with SEBI for its IPO, expected to be one of India's largest. The issue is an offer-for-sale, with major shareholders participating. NSE highlighted strong financials, tech infrastructure, and global leadership in equity derivatives.
India's National Stock Exchange (NSE) has filed for an IPO, which will be an offer for sale by 10 investors including State Bank of India and Temasek. This is expected to be one of the largest listings this year, potentially accounting for a third of total IPO funds raised last year.
India's National Stock Exchange (NSE) has filed for an initial public offering (IPO), which will be an offer for sale by 10 major investors. This listing is expected to be significant, potentially accounting for a third of total IPO funds raised last year.
The National Stock Exchange (NSE) has filed for its IPO, potentially raising over Rs 30,000 crore, making it India's largest. The offer for sale involves nearly 15 crore shares from 23 shareholders, including major entities like SBI and Canada Pension Plan Investment Board. Some early investors anticipate massive returns.
The National Stock Exchange (NSE) has filed for its IPO with Sebi, aiming to raise over Rs 30,000 crore, which would be India's largest. The offer for sale involves nearly 15 crore shares from 23 shareholders, including major entities like SBI and Canada Pension Plan Investment Board. Some early investors are set for massive returns.
The National Stock Exchange (NSE) has filed for its IPO with Indian markets regulator Sebi, aiming to raise over Rs 30,000 crore, which would make it the largest IPO in India. The offer for sale involves nearly 15 crore shares from 23 shareholders, including major entities like SBI and Canada Pension Plan Investment Board.
Zepto, a leading quick-commerce platform in India, has filed draft papers for an IPO, seeking to raise funds for expansion and offering investors a detailed look into its business model. The company aims to address the ongoing debate about the sector's profitability.
Hong Kong developer Lai Sun Development has launched an exchange offer for its US$493 million in notes due July 2026, seeking to swap them for new US dollar notes with an 8% coupon and a three-year tenor to ease liquidity pressures amid challenging commercial real estate markets.
Elon Musk has become the world's first trillionaire following SpaceX's stock market debut, with shares closing up 19% to value the company at $2.1 trillion. The IPO raised $75 billion, making it the most lucrative in history. Despite significant losses last year, investor confidence in SpaceX's future potential, including AI and data centers in space, drove the valuation.
Flutter Entertainment to delist from London Stock Exchange due to low trading and high costs, following move to New York in 2024
Vedanta's demerger exercise concludes as four entities—Vedanta Aluminium Metal, Vedanta Oil & Gas, Vedanta Power, and Vedanta Iron & Steel—begin trading on Indian stock exchanges on June 15. This move aims to unlock shareholder value and allow each business to pursue sector-specific opportunities with greater flexibility.
Biwin has signed a locked-volume, locked-price deal to buy enterprise-grade chips from Q3 2026 to Q2 2028. The contract, valued at 12.6 billion yuan, aims to secure medium- to long-term capacity and reduce supply disruption risks.
The Tokyo Stock Exchange opened lower, with the Nikkei index down 1.10% at 63,474.30 points. This follows a correction in US stock indices, exacerbated by escalating Iran-Israel hostilities and Israel's advance into Lebanon. Brent crude oil prices rose above $93 per barrel, and the yen weakened against the dollar and euro.
UK Business Secretary Peter Kyle aims to nurture the UK's first trillion-dollar company by increasing risk thresholds for public investment vehicles like the British Business Bank (BBB) and National Wealth Fund (NWF). Critics question the "aggressively ambitious" approach and potential for civil servants to act as fund managers, urging a return to disciplined investment principles.
Zhipu (Knowledge Atlas Technology) surpasses MiniMax in market capitalization, attributed to stronger AI capabilities, looming share unlocks, and investor preference for enterprise-focused businesses.
At least one company from Kazakhstan's sovereign wealth fund will list on the Hong Kong stock exchange this year, according to Frederick Ma Si-hang, head of the city's Trade Development Council. Kazakhstan is seeking to privatize state-owned firms, and Hong Kong's capital market is seen as an ideal location.
HKEX celebrates 40 years since Hong Kong's stock exchanges merged, marking growth from local to global superconnector amid challenges.
Unitree Robotics reports a 53% drop in Q1 adjusted profit to 40.3M yuan, despite 68% revenue growth to 422.8M yuan, citing increased expenses and fierce competition in the humanoid robot sector ahead of its Star Market IPO hearing.
Major world stock exchanges, including Hong Kong, London, Zurich, and New York, will be closed today due to public holidays. These closures are for Buddha's Birthday, Spring Bank Holiday, Angel's Monday, and Memorial Day, respectively.
WiseTech has started notifying staff about redundancies tied to its AI transformation, but employees said the company removed references to AI from an email sent to China-based staff. Workers in several countries described low morale, anxiety and unclear communication.
