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Airbnb aims for $35 billion valuation in long-awaited IPO

Anirban Sen, Joshua Franklin and Chibuike Oguh, Reuters
Posted at Dec 02 08:38 AM

Airbnb Inc said on Tuesday it is aiming for a valuation of up to $34.8 billion in its initial public offering (IPO), in what would cap a stunning recovery in its fortunes after the U.S. home rental firm's business was heavily damaged by the COVID-19 pandemic earlier this year. Read more »

Solar PH banks on 'cost-effective' solar-battery projects, targets H2 2021 market debut

ABS-CBN News
Posted at Dec 01 01:21 PM

Solar Philippines is targeting the second half of 2021 for its local stock market debut, banking on "cost-effective" solar-battery projects, a top company official said on Tuesday. Read more »

Flood alerts as major Luzon dams spill over due to Ulysses

ABS-CBN News
Updated as of Nov 12 12:58 PM

State weather bureau PAGASA on Thursday warned of possible flooding as major dams in Luzon were expected to rise due to Typhoon Ulysses. Read more »

Bulacan towns warned of possible flood amid rise in Ipo Dam water level

ABS-CBN News
Posted at Nov 12 01:29 AM

State weather bureau PAGASA on Thursday warned residents of low-lying areas in Bulacan to take precautionary measures as the water level in Ipo Dam rises due to typhoon Ulysses. Read more »

Ant to refund $167.7 billion to Hong Kong investors after IPO is suspended

Enoch Yiu, South China Morning Post
Posted at Nov 04 09:40 PM

Hong Kong retail investors who had applied for Ant Group’s record US$39.67 billion IPO will get refunds in two batches, after the fintech giants decided to suspend the offering. Read more »

Ant Group's shock IPO suspension hammers Alibaba shares

Dan Martin and Jerome Taylor, Agence France-Presse
Posted at Nov 04 01:37 PM

China's shock, last–minute decision to suspend the record-breaking IPO of fintech giant Ant Group hammered shares of founder Jack Ma's e-commerce titan Alibaba on Wednesday and left investors reeling.   Read more »

Shanghai stock exchange suspends Ant Group's A-share IPO

Reuters
Posted at Nov 03 09:45 PM

The Shanghai stock exchange has suspended Ant Group's A-share IPO on its STAR Market, which was initially set for Thursday, the Chinese exchange said on Tuesday.   Read more »

Fin or tech? China's Ant, biggest-ever IPO, says it's a tech firm not a bank

Yingzhi Yang, Cheng Leng and Julie Zhu, Reuters
Posted at Nov 03 08:10 AM

A spinoff from billionaire Jack Ma's Alibaba Group, Ant presents itself as a technology company, while financial regulators suggest the firm remains under their purview.   Read more »

SEC clears public offerings by Filinvest Land, Megawide and Cityland

ABS-CBN News
Posted at Oct 28 12:00 PM

The Securities and Exchange Commission on Wednesday said it cleared the public offerings by Filinvest Land Inc, Megawide Construction Corp and Cityland Development Corp. Read more »

Ant Group IPO to rocket Alibaba founder Jack Ma's wealth

Agence France-Presse
Posted at Oct 27 01:25 PM

Chinese tech titan Jack Ma is set to become the world's 11th richest person after the financial arm of his e-commerce titan Alibaba raises billions in a mammoth public listing, according to the Bloomberg News. Read more »

All about Ant Group, the next big tech IPO

Raymond Zhong, The New York Times
Posted at Oct 27 11:15 AM

Instead of listing in New York, as many other Chinese internet companies have done, Ant is going public in Hong Kong and Shanghai.   Read more »

Converge ICT VisMin backbone done in 2021, eyes fiber service for 18M households by 2025

ABS-CBN News
Posted at Oct 26 12:21 PM

Philippine fiber broadband provider Converge ICT Solutions on Monday said it will complete its Visayas-Mindanao backbone next year and will be able to penetrate half of the population by 2025.  Read more »

Converge ICT shares drop after completing country's second-largest IPO

Reuters
Posted at Oct 26 10:49 AM

Converge ICT Solutions Inc's shares slumped in early trade on Monday after the Philippine fibre broadband provider completed a $600 million IPO, the country's second largest, despite market volatility amid the coronavirus pandemic. Read more »

Bulacan towns warned of possible flood as Ipo Dam water rises due to Quinta

ABS-CBN News
Posted at Oct 25 09:31 PM

State weather bureau PAGASA on Sunday warned residents of low-lying areas in Bulacan to take precautionary measures as the water level in Ipo Dam rises due to typhoon Quinta. Read more »

Ant Group to launch $35 billion IPO after final nod from China regulator

Colin Qian, Julie Zhu and Meg Shen, Reuters
Posted at Oct 22 01:23 PM

China's Ant Group has won the final nod from the country's top securities watchdog for the registration of its Shanghai offering, the regulator said on Wednesday, clearing the last regulatory hurdle for its $35 billion dual-listing. Read more »

Mga residente sa paligid ng dams, mabababang lugar pinag-iingat sa baha

ABS-CBN News
Updated as of Oct 20 09:28 PM

Nag-abiso ang PAGASA sa mga residente sa paligid ng mga damn sa posibleng pagbaha ngayong panahon ng La Niña.   Read more »

Ant Group gets Chinese nod for Hong Kong leg of $35 billion dual-listing

Reuters
Posted at Oct 19 10:53 AM

The company plans to list simultaneously in Hong Kong and on Shanghai's STAR Market, in what could be the world's largest IPO, surpassing the record set by oil giant Saudi Aramco's $29.4 billion float last December.   Read more »

Shares in K-pop group BTS' management label Big Hit drop after debut

Joyce Lee, Reuters
Posted at Oct 15 04:05 PM

Shares in Big Hit Entertainment defied the pre-listing hype to dip on their first day of trade on Thursday, giving the management label of South Korean superstar K-pop group BTS a market valuation of 8.7 trillion won ($7.61 billion). Read more »

BTS agency shares double on stock market debut

Agence France-Presse
Updated as of Oct 15 08:49 AM

Shares in the management agency of K-pop sensation BTS more than doubled in the opening minutes of trading on their stock market debut Thursday. Read more »

BTS’ fans give $4 billion IPO a global army to go with it

Ben Dooley and Su-Hyun Lee, The New York Times
Updated as of Oct 15 12:34 AM

It’s 10:30 on a Monday night, and Ashley Hackworth is putting the final touches on a personal project to make the world’s biggest boy band a little bit bigger.   Read more »