Chinese battery giant CATL is exploring a second listing in Hong Kong, potentially raising over $5 billion. This would be one of the largest IPOs in the city and solidify CATL’s position as a global leader in the EV battery market. The move reflects the company’s strong growth and the increasing demand for EV batteries globally. The listing is expected as early as the first half of 2025.
Exodus Movement Inc., a self-custodial cryptocurrency wallet provider, commenced trading on the NYSE American exchange on Wednesday, its shares closing 37% higher at $53.50. This successful debut on a major U.S. exchange marks a significant step forward for the company and underscores growing institutional acceptance of cryptocurrencies.
METLEN Energy & Metals, formerly MYTILINEOS, is planning a primary listing on the London Stock Exchange in 2025. The company has filed a draft prospectus with the UK’s FCA. This follows a strategic review announced earlier this year and aims to boost liquidity and attract international investors. The company is a major player in metallurgy and renewable energy, focused on sustainability and a circular economy.
Coincheck, one of Japan’s leading cryptocurrency exchanges, has officially joined the Nasdaq stock exchange following a successful merger with Thunder Bridge Capital Partners IV. This landmark event marks Coincheck as only the second publicly traded cryptocurrency exchange on Nasdaq, signifying a major step for the global crypto market.
SEBI’s optional T+0 settlement for top stocks, Jungle Camps India’s IPO launch, Lalu Prasad Yadav’s endorsement of Mamata Banerjee for INDIA bloc leadership, and Arvind Kejriwal’s Delhi election promises dominate today’s headlines. Plus, unexpected news about Kate Middleton.
NTPC Green Energy Ltd, the renewable energy arm of NTPC, saw its shares skyrocket on its market debut, climbing over 12% above its IPO price. The successful listing reflects strong investor confidence in India’s burgeoning green energy sector.
NTPC Green Energy Ltd, the renewable energy arm of NTPC, saw its shares skyrocket on its market debut, climbing over 12% above its IPO price. The successful listing reflects strong investor confidence in India’s burgeoning green energy sector.
Despite ongoing legal challenges for its CEO, Pavel Durov, Telegram reported a remarkable $525 million in revenue during the first half of 2024, fueled by soaring cryptocurrency holdings and a lucrative Toncoin deal. This financial success positions the company strongly for its planned $30 billion IPO.
Mao Geping Cosmetics, a leading Chinese cosmetics brand, is poised for a significant expansion with its upcoming Hong Kong IPO, aiming to raise up to $300 million. The company, built on the renowned reputation of its founder, boasts impressive growth and aims to leverage its success in China’s burgeoning premium beauty market.
Asset management giant Ark Invest believes a Donald Trump administration could bring significant benefits to the cryptocurrency industry in the U.S., including a more crypto-friendly SEC, the reopening of the IPO window for major crypto companies, and the passage of key crypto legislation. The firm is optimistic about the potential impact of Trump’s policies on the industry.
