Tiny IPO Spikes 1,150% in US Debut in Wake of AMTD Digital

  • Bloomberg

    AMTD’s Wild Rise Comes Crashing Down With $160 Billion Drop

    (Bloomberg) — The wild rally in a little-known Hong Kong-based financial services firm came to a screeching halt after a two-day selloff cut the value of its US-listed shares in half.Most Read from BloombergChina Announces Sanctions on Nancy Pelosi Over Taiwan TripChina Likely Fired Missiles Over Taiwan in Drills, Japan SaysDemocrats Drop Carried Interest as Sinema Paves Way for Tax VoteAMTD Digital Inc., which made its trading debut on the New York Stock Exchange less than a month ago, plunged

  • Insider Monkey

    AMTD Digital and 9 Other Stocks Redditors are Buying in August

    In this article, we discuss AMTD Digital and 9 other stocks Redditors are buying in August. If you want to see more stocks that Redditors are buying this month, click AMTD Digital and 4 Other Stocks Redditors are Buying in August. A meme stock typically gets popular among retail investors through social media. A little-known […]

  • Bloomberg

    Apollo Launches $15 Billion Equity Fund for High Net-Worth Investors

    (Bloomberg) — Apollo Global Management Inc. is launching an equity fund that allows high net-worth individuals to invest alongside the firm as the alternative-asset manager expands beyond its traditional client base.Most Read from BloombergChina Stokes Tensions as Missiles Reportedly Overfly TaiwanHow a Celebrity CEO’s Rule of Fear Helped Bring Down Hot Startup ZilingoSneakerhead Accused of Running Huge Air Jordan Ponzi SchemeThe $15 billion Apollo Aligned Alternatives fund is designed to repla

  • The Wall Street Journal

    Hong Kong Billionaire’s Conglomerate Distances Itself From AMTD Digital’s Stock Frenzy

    A conglomerate controlled by one of Hong Kong’s richest men said it was in talks to sell its stake in AMTD Group, the parent of [retail stock sensation AMTD Digital](https://www.wsj.com/livecoverage/stock-market-news-today-08-03-2022/card/amtd-digital-s-rocket-rise-slows-after-attracting-retail-investors-gMI3QWpnt9VK7ZPKlEwM). CK Group, which is backed by billionaire Li Ka-shing, said it currently [holds less than 4%](https://www.ckh.com.hk/en/media/press_each.php?id=3391) of AMTD Group, after s

  • Bloomberg

    Beijing’s Snub of US Deals a Blow to John Kerry and Global Climate Talks

    (Bloomberg) — China’s decision to halt climate talks with the US is dealing another blow to global warming negotiations already upset by the energy crisis and Russia’s invasion of Ukraine. Most Read from BloombergChina Announces Sanctions on Nancy Pelosi Over Taiwan TripChina Likely Fired Missiles Over Taiwan in Drills, Japan SaysDemocrats Drop Carried Interest as Sinema Paves Way for Tax VoteThe move freezes collaboration between the world’s top two greenhouse gas emitters just three months be

  • TipRanks

    Jim Cramer Says Buy Stocks With Exposure to Lower Fuel Prices; Here Are 3 Names That Analysts Like

    Let’s talk about fuel, specifically, let’s talk about petrofuels. Prices spiked to more than $120 per barrel in June, but are down to approximately $90 per barrel now. Slowing demand from both industry and retail consumers, likely due to the technical recession of 1H22, is putting downward pressure on prices. You’re likely familiar with at least one immediate effect, the 80-cent drop in gasoline prices over the past 6 weeks. These and other effects are starting to ripple through the economy. Jim

  • Motley Fool

    Should SNDL Investors Jump Ship After Its Reverse Stock Split?

    With shares trading at more than $2 late last month, investors of SNDL (NASDAQ: SNDL), formerly known as Sundial Growers, may have gotten excited that there was some great news that finally lifted the stock up in value. It was a move the company needed to get its share price back over $1 and thus remain listed on the Nasdaq. Shares of SNDL have been falling again since the reverse split, and it’s now down more than 70% over the past 12 months (by comparison, the Horizons Marijuana Life Sciences ETF has declined over 60%).

  • CNW Group

    Atlas Corp. Announces Receipt of “Take Private” Proposal

    Atlas (“Atlas” or the “Company”) (NYSE: ATCO) announced today that its board of directors (the “Board”) has received a non-binding proposal letter, dated August 4, 2022, from Poseidon Acquisition Corp. (“Poseidon”), an entity formed by certain affiliates of Fairfax Financial Holdings Limited (“Fairfax”), certain affiliates of the Washington Family (“Washington”), David Sokol, Chairman of the Board of Atlas, and Ocean Network Express Pte. Ltd., and certain of their respective affiliates (the “Con

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