Australia lowers bar on public companies’ disclosures, extends virtual AGMs
Australia on Tuesday eased so-called continuous disclosure laws for publicly listed companies, which will now protect companies and their officers against liabilities for misleading and deceptive statements or forecasts unless “fault” is proven.
Private equity firms revise China strategy as regulatory crackdown widens
Private equity firms are rethinking their strategies in China as a widening regulatory crackdown on some of the country’s hottest sectors forces investors to scout for bets in other industries that they hope will be less vulnerable to sudden policy changes.
Germany’s Delivery Hero takes 5.1% stake in rival Deliveroo
Germany’s Delivery Hero (DHER.DE) has taken a 5.09% stake in online food delivery rival Deliveroo (ROO.L), driving the British company’s share price to its highest since listing on the stock market in March.
NetEase delays $1 bln Hong Kong listing of music streaming firm – sources
NetEase Inc (9999.HK) has delayed the $1 billion Hong Kong initial public offering of its music streaming service Cloud Village because of volatile trading in China’s major tech companies, two people with direct knowledge of the matter said.
Outdoor grills maker Weber raises $250 mln in downsized IPO
Weber Inc (WEBR.N) on Thursday raised about $250 million in its initial public offering, which was less than half the amount it had planned to raise earlier.
Robinhood shares surge 50%, as investors scoop up ‘the meme of memes’
Shares of Robinhood Markets Inc (HOOD.O)rose more than 50% on Wednesday during a wild trading session as investors scooped up shares after its underwhelming stock market debut last week.
Duolingo enters ‘major leagues’ with $6.5 bln valuation in strong debut
Language learning app Duolingo Inc (DUOL.O) notched a valuation of $6.5 billion after its shares surged nearly 40% in the company’s Nasdaq debut on Wednesday, becoming the latest education technology startup to impress Wall Street.
Robinhood’s meme stock status fuels IPO uncertainty
Robinhood Markets Inc (HOOD.O) thrived thanks to the popularity of so-called meme stocks such as GameStop Corp (GME.N) with retail investors. Becoming a meme stock itself comes with trading volatility that is giving pause to some potential investors in its initial public offering.
Robinhood says U.S. watchdogs probing staff meme stock trading, registration
Robinhood Markets Inc disclosed on Tuesday it has received inquiries from U.S. watchdogs asking whether employees traded GameStop Corp. (GME.N) and AMC Entertainment Holdings, Inc. (AMC.N) before the online broker publicly announced it was restricting trading in those and other meme stocks on Jan. 28.
Analysis: Cash-hungry emerging markets arrive late to the SPAC party
Emerging markets have so far been on the fringes of a fundraising boom using so-called SPACs or special-purpose acquisition companies, which could potentially unlock a vital new source of cash for entrepreneurs in developing regions.
