Listing a Subsidiary May Tell Market that the Parent Company Isn't Confident in Generating Cash Flow
On June 1, the Nikkei Shimbun carried an article titled "Parent-subsidiary listing, investors cynical about 'governance barrier'". I would like to...
403 Views
Prosus, Tencent, JD.com - Good Intentions but Questionable Timing
Today Prosus announced that it will begin an open-ended share repurchase programme of Prosus and Naspers shares which will be funded by on-market...
928 Views
Japan Internet - Fresh Lows for Many with Rakuten the Lowest Since 2010
Tech sector weakness amplifies concerns on competition for Rakuten and Z Holdings. Both are down 50%+ from recent highs with Rakuten at levels last...
360 Views
Net Protections Holding IPO Lock-Up - Small Expiry Now, Before 20% Is Released Later in the Year
Net Protections Holdings, a buy now pay later service provider, raised around US$570m in its Japan IPO in Dec 2021. The lockup on one set of...
566 Views
Grab IPO Lock-Up - Over 60% of the Stock Worth Nearly US$8bn Comes Free
Grab raised around US$4.5bn in its de-SPAC listing in Dec 2021. The shares are now trading around 68% below the listing price. The lockup release...
1.9k Views