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HANOI, Jan 23, 2024 (AFP) – Vietnamese internet firm VNG has withdrawn its registration for an initial public offering in the United States, according to a company statement. Last year, the Ho Chi Minh City-based company said it aimed to sell nearly 22 million shares in the IPO and had plans to expand into Southeast Asia, the Middle East and Latin America. “The Company has determined not to conduct a registered offering at this time […]
(Eagle News) – Typhoon Kammuri (TisoyPh) was able to dump enough rains to add 4.5 meters of water in Angat Dam in Bulacan as of 6 a.m., Wednesday, Dec. 4. In the dam information provided by PAGASA, the heavy rains of the previous day also increased the water leves in Ipo dam, La Mesa dam, Ambuklao dam, Binga dam, Pantabangan dam, and Caliraya dam. Angat dam’s water level was recorded at 193.47 meters, up […]
RIYADH, Saudi Arabia (AFP) — Energy giant Saudi Aramco, the world’s largest company, has lifted the lid on its secretive operations in a prospectus ahead of a highly anticipated listing on the Riyadh stock exchange. As a legal requirement for its initial public offering, expected to be the world’s biggest, Aramco has published major risks and strengths that could impact the company’s operations. Here are the factors that the energy Goliath said investors must take […]
TOKYO, Japan (AFP) — Telecoms giant and technology investor SoftBank Group aims to raise over $23 billion by listing its Japanese mobile unit next week in one of the biggest tech IPOs in years. In a statement, the group confirmed Monday it had formally decided to offer 1.76 billion shares, more than a one-third stake, in the SoftBank Corp mobile unit, with shares priced at 1,500 yen ($13) each. The offering includes 160 million shares […]
by Roland JACKSON Agence France-Presse LONDON, United Kingdom (AFP) — James Bond’s favorite carmaker Aston Martin on Wednesday launched on the London stock market, valuing the British luxury sports car brand at £4.3 billion ($5.6 billion, 4.9 billion euros). Aston, which has a long-running association with the fictional British spy, said in a statement that it has priced its initial public offering (IPO) at £19 per share in the middle of its stated range. The […]
HONG KONG, China (AFP) — Chinese smartphone maker Xiaomi on Thursday kicked off what could be the world’s biggest initial public offering (IPO) for four years as it takes advantage of the listing rule in Hong Kong. Xiaomi submitted a heavily redacted filing to the Hong Kong exchange late Wednesday laying out its financial details and setting the stage for a full announcement. The papers, which appeared on the Hong Kong bourse’s website, did not […]
HAGUE , Netherlands (AFP) — Electronics giant Philips announced Tuesday it was floating its lighting arm on the stock market in a “historic” initial public offering, aiming to spin off at least a quarter of the division’s shares. “The offering would consist of a sale of existing shares only held by Royal Philips, the current sole shareholder of Philips Lighting. The offering and listing, and their timing, are subject to, among other factors, market conditions,” […]
(Reuters) – King, the company behind the hit mobile phone game “Candy Crush Saga,” is planning a U.S. stock market debut that some analysts think could value it at more than $5 billion and herald a flurry of technology company listings this year. The successful flotation of Twitter in November and a surge in Facebook’s share price have fueled speculation that a string of technology firms could come to market, including music-sharing service Spotify, lodging […]
