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TOKYO (Reuters) - Japan’s SoftBank Group Corp shares climbed above 10,000 yen apiece on Tuesday, hitting two-decade highs, a day after the group’s Vision Fund unit reported record profits as portfolio company listings accelerate.
FILE PHOTO: SoftBank Corp s logo is pictured at a news conference in Tokyo, Japan, February 4, 2021. REUTERS/Kim Kyung-Hoon
SoftBank’s shares were up 3.3% at Y9,800 at 03:56 GMT having earlier shot past Y10,000, the biggest intraday jump in two months. On Monday SoftBank reported a bounce back in the value of its portfolio after startups like home-selling platform Opendoor went public.
With equity raising running at record levels, major assets from the first $100 billion Vision Fund portfolio expected to go public include ride-hailing firms Didi and Grab. [L1N2JT0HC]
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HONG KONG (Reuters) - Chinese online video company Kuaishou Technology is aiming to raise $4.95 billion to $5.42 billion in an initial public offering (IPO) that will be the largest in Hong Kong for more than a year, according to a term sheet reviewed by Reuters.
FILE PHOTO: Video-streaming app Kuaishou is pictured on a mobile phone in this illustration picture taken January 25, 2018. REUTERS/Florence Lo/Illustration
The online video site, backed by Tencent Holdings Ltd, will price 365.2 million shares at between HK$105 and $HK115 apiece, the term sheet shows.
Kuaishou did not immediately respond to a request for comment.
Sentiment still strong on hopes on U.S. stimulus, vaccines All three major U.S. stock indexes at record highs Dollar index near 2 1/2-year low European stocks seen down 0.3-0.4%
TOKYO, Dec 18 (Reuters) - Asian shares slipped on Friday after Reuters reported that the United States is set to add dozens of Chinese companies, including the country’s top chipmaker SMIC, to a trade blacklist later in the day.
Still, the prevalent underlying mood on global equities remained upbeat, as the prospect of a major U.S. coronavirus relief package meant investors were keen on picking up stocks and other risk-exposed assets.
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Asia shares slip on news US to blacklist more Chinese firms Asian shares slipped on Friday after Reuters reported that the United States is set to add dozens of Chinese companies, including the country s top chipmaker SMIC, to a trade blacklist later in the day.
FILE PHOTO: People wearing protective face masks, following an outbreak of the coronavirus disease (COVID-19), look at a stock quotation board outside a brokerage in Tokyo, Japan, March 10, 2020. REUTERS/Stoyan Nenov
18 Dec 2020 08:35AM (Updated:
18 Dec 2020 02:50PM) Share this content
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