BRIEF: FWD flat in Hong Kong trading debut
Insurance company FWD Group Holdings Ltd. (1828.HK) opened flat in its Hong Kong trading debut on Monday and traded within a narrow range during the day before closing up 1.05%…
BRIEF: Amber Int’l to use $25.5 million from Pantera, others to fund strategic reserve
Amber International Holding Ltd. (AMBR.US) said on Thursday that it will use new funds from its recently unveiled $25.5 million private placement to further enhance its $100 million “crypto ecosystem…
BRIEF: Shouhui slumps in Hong Kong trading debut
Shares of insurance distributor Shouhui Group Ltd. (2621.HK) slumped in their Hong Kong trading debut on Friday after pricing strongly in their modest IPO. The stock opened at HK$7.50, down 7%…
BRIEF: Futu’s profit doubles on stock market rebound
Online brokerage Futu Holdings Ltd. (FUTU.US) announced on Thursday its first-quarter revenue jumped 81% year-on-year to HK$4.7 billion ($603 million), while its adjusted non-GAAP net profit soared 98% to HK$2.22…
BRIEF: Shouhui launches $25 million IPO as revenue falls, loss narrows
Insurance distributor Shouhui Group Ltd. (2621.HK) launched its Hong Kong IPO on Thursday, aiming to sell 24.36 million shares priced between HK$6.48 and HK$8.08 to raise up to HK$196 million…
BRIEF: Stimulus policies fuel 54.6% jump in Qifu’s quarterly profit
Online lending services provider Qifu Technology Inc. (QFIN.US; 3660.HK) reported on Monday its revenue rose 12.94% year-on-year to 4.69 billion yuan ($653 million) in the first quarter. Its net profit…
BRIEF: Yuanbao raises $30 million in Nasdaq IPO
Shares of online insurance distributor Yuanbao Inc. (YB.US) rose 6.4% in their trading debut on the Nasdaq on Wednesday, only to give back all the gains the next day to…
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