Stock Listings – Page 3

The Latest Tech Caught in the U.S.-China Trade War: Lasers

31Oct

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World

The Latest Tech Caught in the U.S.-China Trade War: Lasers

Oct. 31, 2023 10:00 am ETHesai Group, a Shanghai-based maker of laser sensors used for next-generation vehicles, celebrated a Nasdaq stock offering in February that was heralded by some as a comeback for Chinese listings in the U.S.Less than nine months later, Hesai has become an example of how the U.S.-China battle over technology is roiling the business world. Its stock is down more than 50%, and the company is on the back foot, hiring lobbyists and defending its reputation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

J&T Global Express Shares Fall in Hong Kong Trading Debut

27Oct

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World

J&T Global Express Shares Fall in Hong Kong Trading Debut

Oct. 27, 2023 12:14 am ETShares of Tencent-backed J&T Global Express edged lower early in their trading debut in Hong Kong, coming after the Chinese logistics company raised US$501 million in an initial public offering to fund expansion in Southeast Asia and other markets.Shares of the Shanghai-based company were last at 11.86 Hong Kong dollars in midmorning trade Friday, down 1.2% from their IPO pricing of HK$12.00.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

25Oct

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Money

KKR’s Chip Play Will Win Big in Japan

Private-equity giant KKR has scored a win in Japan, and with a chip price rebound probably around the corner, their timing looks impeccable. Investors should consider going along for the ride.Semiconductor equipment maker Kokusai Electric will start trading Wednesday in Tokyo after raising around $720 million in an initial public offering last week. That makes the deal Japan’s largest IPO in almost five years, according to Dealogic. KKR has owned the company—which used to be controlled by Hitachi—since taking it private in 2018. Kokusai is valued at $2.8 billion at its IPO price, potentially netting KKR a return of more than 60% in Japanese yen terms, excluding leverage. Kokusai unloaded its video and communications systems business after KKR’s takeover.Copyright ©2023 Dow Jones & Com...

Kokusai Electric Shares Rise Sharply on Trading Debut

25Oct

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World

Kokusai Electric Shares Rise Sharply on Trading Debut

Updated Oct. 24, 2023 10:17 pm ETKokusai Electric shares rose sharply on their first day of trading on the Tokyo Stock Exchange, following an $830 million initial public offering.The shares were recently at 2,318 yen, or 26% higher than the initial public offering price of ¥1,840. The shares opened at ¥2,116 earlier Wednesday morning, or 15% higher.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Hong Kong Exchanges & Clearing Third-Quarter Profit Rose 30%

20Oct

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World

Hong Kong Exchanges & Clearing Third-Quarter Profit Rose 30%

Oct. 20, 2023 12:42 am ETHong Kong Exchanges & Clearing’s third-quarter net profit saw steady growth, supported by higher net investment income.The exchange operator said on Friday that its third-quarter net profit grew 30% compared with the same period a year earlier to 2.95 billion Hong Kong dollars (US$377.1 million). That compared with a 31% on year increase in the first half of the year.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8