IPO
When President Donald Trump signed a law in December 2020 that would kick Chinese companies off U.S. stock exchanges, unless they play ball and obediently comply with American auditing standards such as the Sarbanes Oxley Act (SOX), it was actually a political motivated move. It was an additional weapon, on top of the tariff, to […]
... written on Jul 27 2021Grab Holdings Inc. is going public in the United States through a merger with US-based Altimeter Growth Corp. The partnership, which values the Southeast Asian ride-hailing and food delivery giant at a mind-boggling US$39.6 billion in market capitalization, will see its stock trade on the Nasdaq Composite Index. Essentially, that makes Grab the Southeast Asia’s […]
... written on Apr 14 2021Alibaba has set another new sales record for this year’s annual “Singles Day” shopping spree. The Singles Day, first started in China as a 24-hour shopping event that celebrates people who are not in relationships, has been such a massive success that it makes Black Friday and Cyber Monday in the United States look like […]
... written on Nov 12 2020The name Zhong Shanshan rarely rings a bell in mainland China, let alone in the world. But when Jack Ma is mentioned, almost everyone knows the billionaire who founded Alibaba. Others like Tencent founder Pony Ma is also a recognizable name. But as of Wednesday, Jack Ma was no longer the wealthiest man in China. […]
... written on Sep 25 2020In August, President Donald Trump issued twin executive orders that would shut down two Chinese apps – TikTok and WeChat – by September 20, if they were not sold to American owners. In fact, just five days ago (Wednesday), Trump told reporters that he was not ready to approve a proposal from China-based ByteDance to […]
... written on Sep 21 2020In every crisis lies an opportunity, says a famous quote by Albert Einstein. As millions of people continue to depend on video-conferencing thanks to the Coronavirus pandemic, Zoom has added nearly 105,000 new customers in the second quarter. The number might look small, but the new subscriptions delivered a whopping 81% of its revenue growth. […]
... written on Sep 03 2020Oil giant Saudi Aramco priced its IPO (initial public offering) at 32 riyals (US$8.53) per share last Thursday, marking the biggest share listing in history – beating Alibaba’s record US$25 billion listing in 2014. In essence, Aramco will become the world’s most valuable publicly traded company. Still, the IPO fell short of Saudi Crown Prince’s […]
... written on Dec 10 2019Aramco is the world’s largest oil company. It is also currently the most profitable company in the world, and based on the 2019 listing by Fortune, the company’s profitability is almost double that of Apple. As a private organization that produces about 10% of the world’s crude oil, Aramco’s revenue for the financial year 2018 was […]
... written on Nov 15 2019The initial coin offering is a decentralized and blockchain-based version of fund raising from the public. ICOs are a type of cutting-edge initial public offering for stocks, so the approach to marketing should be somewhat similar. Launching a successful ICO PR campaign requires a few niche and professionalized techniques to get institutions and accredited […]
... written on May 23 2019Saudi Arabia is happy with the rise of crude oil prices. The OPEC, Russia and several other producers began to reduce supply in January 2017 in an attempt to erase a glut. The supply-cutting deal involves cutting 1.8 million barrels a day through March 2018, subsequently extended until December 2018. Saudi is looking at US$80 […]
... written on Apr 23 2018
