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Added on the 21/02/2019 07:28:53 - Copyright : Wochit
Beijing, Feb 2 (EFE/EPA).- Short-video platform Kuaishou Technology intends to offer 365.2 million shares for its Hong Kong Public Offering and raise up to $5.42 billion USD, according to media report. It will be Hong Kong’s biggest initial public offering in more than a year. (Camera: WU HONG).B-ROLL OF KAUISHOU'S BILLBOARDS AND HEADQUARTERS IN BEIJING, CHINA.
Tiffany Wood has been an active 'super user' seller on Poshmark since 2015, and her loyalty has truly paid off. According to Business Insider, Wood now has a $12,000 nest egg because she bought stock in the company's initial public offering. In a leaked email, Poshmark let super users know the company had reserved 330,000 shares that they, and their friends and family, could purchase. The max buy was 150 shares. Wood bought 149 shares at $42 a share--the initial share price. On day one, her stock went up to a value of $14,378. By the market's close on Friday, shares were trading at $83.20. Wood's stake is still worth $12,397 with a healthy profit of $6,139. And she's thrilled!
Raymond Hall/GC Images/Getty Images Dating app company Bumble filed for its initial public offering on Friday morning. The "Risk Factors" section of the document highlights the challenges facing Bumble in the years ahead. The risks include everything competing apps to the potential for tech-focused legislation. We break down the full list below. Visit Business Insider's homepage for more stories. One of the most popular dating app companies, Bumble, is officially going public. Bumble filed a form S-1 for its IPO with the Securities and Exchange Commission on Friday morning.
Shares of Chinese shopping website Alibaba fell as much as 3% on Monday. The prolonged absence from the public view of its founder Jack Ma has raised eyebrows. According to Markets Insider, Ma has not been seen in public in more than two months. When he unexpectedly failed to show up, he was abruptly replaced as a judge on an African entrepreneurship TV show late last year. His companies Alibaba and Ant Group face increased regulatory pressure from the Chinese government. The crackdown coincides with Ma's remarks at a conference that Chinese financial regulators were an 'old people's club,' unable to keep up with technology.
Jack Ma, the billionaire founder of Alibaba and Ant Group hasn't been seen in public in over two months. At a Shanghai conference in late October, Ma called financial regulators an 'old people's club' ill-suited to oversee Chinese tech innovation. In response, Chinese regulators launched an antitrust investigation into Jack Ma's online shopping behemoth. The government also introduced new regulations that halted the IPO of Ma's Ant Group. But Business Insider reports Ma's disappearance isn't unique among prominent Chinese personalities who have tangled with the government. Retired real estate tycoon Ren Zhiqiang and former asset manager Xiao Jianhua, have also disappeared after facing criticism from Chinese regulators. And Meng Hongwei, the former head of the International Criminal Police Organization, disappeared in September 2018 during a trip to China from France.
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