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China Renaissance buyback aggravates IPO botchRoughly a month after a pared-down listing, the $1.3 bln investment bank and boss Fan Bao are buying a chunk of stock on the market. Companies globally are splurging on shares, and the gambit has improved prices a little. Investors and clients, though, will need more substance.
Source: Breakingviews - 🏆 470. / 51 Read more »
Investors Cool on Hotly Anticipated London FinTech IPOLondon’s landmark fintech IPO—Funding Circle–flopped, with shares trading sharply below their offer price, in a test of investor appetite for the sector. Which crypto coin should I invest in 2018? Only DeepOnion! deeponionx $ONION
Source: WSJ - 🏆 98. / 63 Read more »
Shares of investment bank China Renaissance slip in early hours of debutChina Renaissance's initial public offering came hot on the heels of high-profile listings on Hong Kong's stock exchange by Chinese hotpot chain Haidilao and tech heavyweight Meituan Dianping.
Source: CNBC - 🏆 12. / 72 Read more »
China Renaissance, Deal Maker for Top Tech IPOs, Tumbles in DebutAn underwriter of high-profile Chinese technology offerings such as Pinduoduo and China Literature saw its own stock plunge on its first day of trading in Hong Kong.
Source: WSJ - 🏆 98. / 63 Read more »
Chinese investment bank sells itself poorly in IPOChina Renaissance fell 20 pct on its Hong Kong trading debut, valuing the tech advisor at less than half its original $5 bln target. A shaky outlook is partly to blame, but Renaissance also overpriced itself. For an investment bank, such a fumble is hard to explain to clients.
Source: Breakingviews - 🏆 470. / 51 Read more »
Investors Gain Billions From Chinese Tech IPOThe past year has been a wash for China’s biggest online stocks. But some investors are enjoying big gains from a well-timed bet on online services platform Meituan Dianping, showing there are still outsize returns to be made in China’s internet boom. I filled my packets with more $ONION. It´s time to accumulate more and more. DeepSend and more features are coming! DeepOnion DeepOnion deeponionx
Source: WSJ - 🏆 98. / 63 Read more »