Latest Breaking News On - பிரகாசமான புத்திசாலி பத்திரங்கள் - Page 1 : comparemela.com
China property assets soar as Evergrande spillover fears ease
moneyweb.co.za - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneyweb.co.za Daily Mail and Mail on Sunday newspapers.
China Property Assets Soar as Evergrande Spillover Fears Ease
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.
4 Min Read
HONG KONG (Reuters) - China’s Kuaishou Technology raised $5.4 billion from its IPO, the top of the range, with offers from retail investors reaching a mammoth $162 billion, nearly half of it backed by margin loans, three people with knowledge of the matter said.
FILE PHOTO: The logo of Chinese video-streaming startup Kuaishou is seen in Beijing, China May 10, 2017. Picture taken May 10, 2017. REUTERS/Stringer
Combining retail and institutional demand, the offering saw total bids worth over $370 billion, more than the gross domestic product of Hong Kong, for the 8.9% of the online video site on offer. The shares were priced at HK$115 ($14.83), two of the sources said, making the company worth $60.9 billion.
4 Min Read
HONG KONG, Jan 29 (Reuters) - China’s Kuaishou Technology priced its Hong Kong IPO at the top of the range to raise $5.4 billion, three sources said, as retail investors swarmed the offering, depositing more than $60 billion in a bid to secure a small slice of the stock.
The huge demand for the online video site from retail investors comes amid growing fears about an asset bubble, with amateur investors boosting the price of assets ranging from cryptocurrencies to new stock market listings.
Those concerns, triggered by a sharp surge in U.S. videogame retailer GameStop and a few other stocks, have led some brokerages globally to raise margin requirements or stop offering leverage for buying securities.
vimarsana © 2020. All Rights Reserved.