Ipos worth investing in

Share to Twitter Share to Linkedin Indonesia’s Harita Group is selling shares in its nickel unit Trimegah Bangun Persada in a large initial public offering that could make the net worth of billionaire owner Lim Hariyanto Wijaya Sarwono soar. According to the company’s prospectus , Trimegah Bangun Persada will raise between 14.7 trillion rupiah ($960 million) and 15.1 trillion rupiah ($983 million) by offering up to 12.1 billion shares, or 18% of its total, at a price range of 1,220 rupiah to 1,250 rupiah. The Indonesian miner is aiming to tap rising demand for materials needed to make batteries for electronic vehicles. Trimegah Bangun Persada was founded in 2004, and bought three years later by Harita Group. It has a concession to mine nickel on Obi Island in North Maluku province. Underwriters for the IPO include, among others, BNP Paribas, Citi, Credit Suisse and Mandiri Sekuritas. The shares will begin to trade on the Indonesian Stock Exchange … [Read more...] about Indonesia’s Harita Group Aims To Raise Nearly $1 Billion In Nickel Unit IPO

MANILA, Philippines  – Upson International Corp., the country’s biggest retailer of computers and IT equipment, kicked off its P1.65-billion initial public offering on Tuesday. The operator of mall-based shops such as Octagon Computer Superstore, Micro Valley, and Gadget King indicated in its final prospectus the offer period will run from March 21 through March 27. It plans to make its Philippine Stock Exchange trading debut on April 3 under the symbol “UPSON”. The company, among those that delayed their IPOs in 2022 due to volatile market conditions, earlier priced the offer at P2.40 per share, which was below the previous indicative maximum offer price of P5.50 per share. It also reduced the number of offer shares by 30 percent. Based on the final prospectus, the company said it would allocate all of the P1.5 billion IPO proceeds to expand its store network from 2023 to 2027. Upson previously planned to raise as much as P4.32 billion for the same purpose and for … [Read more...] about Tech gadgets retailer Upson kicks off P1.65B IPO

Share to Twitter Share to Linkedin Key News Asian equities were mostly higher overnight as bank failure contagion fears receded. The People’s Bank of China (PBOC), China’s central bank, took its foot off the gas today, injecting only RMB 30 billion into the system, down from RMB 180 billion on Friday. However, Friday’s reserve requirement ratio (RRR) cut has been well received by the market. Foreigners bought a net $625 million worth of Mainland shares overnight, the 7th straight day of net buying, and the most in a week. Mainland investors bought a net $129 million worth of Hong Kong shares, the 10th consecutive day of net buying. Financials were one of the best performing sectors in Mainland China, Hong Kong, and globally. HSBC was up +2.9% overnight. Technology was also a strong performer in Hong Kong as the Hang Seng Tech Index gained +2.5% overnight, led by gaming names on strong approvals, including of foreign games, in the lates round. … [Read more...] about China Goes Risk On

Share to Twitter Share to Linkedin Esteban Castaño TRM LABS Reported by Nina Bambysheva, Michael del Castillo and Steven Ehrlich The cryptophiles are settling into the realities of a bear market, but their recent triumphs should not be lost. A record nine cryptocurrency-focused companies made it onto this year’s Forbes Fintech 50 list–an honor roll of the most innovative private companies in fintech. Collectively, these nine trailblazers have raised $6.5 billion in venture capital, with the lion’s share of that coming within the past 12 months. Leading the pack is billionaire Sam Bankman-Fried’s crypto exchange FTX, which raised $1.5 billion in private funding last year alone, jolting its valuation from $1.2 billion to $25 billion. A $500 million raise this past January took its valuation to $32 billion, making it the third most valuable private fintech headquartered or doing business in the U.S. With its rapidly growing U.S. … [Read more...] about The Future Of Crypto And Blockchain: Fintech 50 2022

When LinkedIn launched, on May 5, 2003, it wasn’t a given that it would thrive. Born during the doldrums after the original dotcom bust, it arrived at the same time as a flurry of other social networking upstarts, most of which quickly fizzled. Its emphasis on members’ professional lives rather than personal pursuits was seen by some as a strategic blunder. Even the notion of posting your résumé in public was jarringly unfamiliar and likely to be taken as an act of disloyalty. Rather than falling victim to preexisting assumptions, LinkedIn changed them. Eventually, it was not having a LinkedIn profile that was perceived as a weird career move. As the pandemic and its aftermath have reshaped work, the service has both reflected that new world and equipped workers and employers to succeed in it. Its emphasis on professionalism also offers a safe harbor from more toxic and polarizing social platforms. LinkedIn hasn’t escaped the current tech downturn—in February, it … [Read more...] about LinkedIn turns 20: An oral history of an unlikely champion

Share to Twitter Share to Linkedin At the recent meetings of its National People’s Congress and Chinese People’s Political Consultative Conference, known as the two sessions, China made important changes to its financial and technology regulations to address significant challenges at home and overseas. Beijing is intent on ensuring financial stability at home and achieving breakthroughs in so-called “chokepoint technologies” as it deals with an increasingly fraught relationship with the United States. One lingering question remains though: Will China’s dynamic private sector be sufficiently empowered by the reforms? Beefing Up Financial Oversight There were several major changes to China’s financial regulatory regime announced at the NPC: The China Banking and Insurance Regulatory Commission will be retired and replaced by a new regulatory body called the National Financial Regulatory Administration (NFRA NFRA ), while the China Securities … [Read more...] about Why China Is Rejigging Its Financial And Technology Regulations

Share to Twitter Share to Linkedin “We can’t be everything to everyone.” It’s been a tough year for video-sharing platform Vimeo, from job cuts to a stock that’s worth a fraction of its 2021 IPO debut. While the company is not growing revenue at the 40%+ rate it saw during the pandemic, it is seeing strong growth in the enterprise market. For CEO Anjali Sud, that’s emblematic of where the business is going. “We set out to pivot the platform from competing with YouTube to being a platform that could power video for work,” she says. “We want to make video far easier and more accessible for every employee, every team and every organization to be able to create and share content the same way that they do on TikTok or their personal lives. While Sud acknowledges the headwinds from a tough economy, she’s investing in AI and other technologies to prepare for a video-first world. From being a platform for creatives, she finds herself speaking … [Read more...] about Vimeo CEO Anjali Sud On How To Talk To Employees—And The Future Of Video

Share to Twitter Share to Linkedin BeiGene, a global biotech company with offices in China, Switzerland and Cambridge, Mass., expects to finish construction of a $700 million investment site in Hopewell, New Jersey next year, the company said in a press statement on Tuesday. BeiGene had targeted a mid-2023 completion for what it calls the “Princeton West Innovation Campus” when the project was announced in Aug. 2021 . It said in Nov. 2021 that construction of the initial phase was expected to be finished in late-2023 or in 2024. The facility will have approximately 400,000 square feet of commercial-stage biologic pharmaceutical manufacturing space with the ability to add 600,000 more over time. It will also have late-stage research and clinical development capabilities, BeiGene said. “The progress we are making in building our flagship U.S. biologics manufacturing and R&D facility at the Princeton West Innovation Campus is especially … [Read more...] about BeiGene Expects To Finish Construction At $700 Million New Jersey Site In 2024

APR is largely buoyed by a wide range of brands. [APR] APR, a global beauty tech company, announced its plan to strengthen its business capabilities related to beauty devices while attracting pre-public offering worth 8 billion won ($6.1 million) in recognition of its enterprise value of 700 billion won. On March 13, APR posted its attraction to the Korea Financial Supervisory Services’ Data Analysis, Retrieval and Transfer System (DART). With its pre-IPO investment, NongHyup-Soo Investment Capital Innovation Growth M&A Investment Association, companies that have continued investment in innovative corporations including SJ Partners and Industrial Bank of Korea (IBK), have participated. APR holds a number of brands including medicube, AGE-R, Forment, Aprilskin, Nerdy and Glam.D Bio. Among the brands, AGE-R is receiving spotlight for rapid growth since being introduced in 2021. Its beauty devices including AGE-R Derma EMS, AGE-R Ussera, AGE-R Air, and AGE-R Booster-H posted … [Read more...] about APR to use beauty devices to take business to the next level

Share to Twitter Share to Linkedin September 2000 marked a watershed moment in modern business history: it was the month that Blockbuster declined to acquire Netflix for a mere $50 million. Today, of course, Netflix has a market cap of $135B, and Blockbuster is dead and gone (notwithstanding the eponymous show currently streaming on… Netflix). For business school students, founders, investors and corporate strategists, Blockbuster offers lessons in hubris and bad company strategy: from ignoring customer preferences to the importance of shifts in technology and business models that facilitated a new basis of competition to an overleveraged capital structure. Of course, it’s easier to analyze in retrospect a definitive, highly visible and high profile train wreck of company strategy than it is to build a company up to the heights and success that Blockbuster had once achieved. It’s also easier to see how bad strategy affects established companies (who … [Read more...] about Culture Trumps Strategy In Digital Health (Except When It Doesn’t, Which Is Most Of The Time)