Airbnb bookings have dropped significantly during the coronavirus pandemic, with over 41% while the company is planning its IPO.
Stocks in Asia-Pacific are mixed as the US Federal Reserve released the minutes of their November meeting. Chinese JD Health filed for IPO on the Hong Kong Stock Exchange.
Following a successful Hong Kong initial public offering, Evergrande shares are expected to be listed on December 2.
JD Health has earmarked 381.9 million shares for the IPO which it is set to be sold for a price from HK$62.80 to HK$70.58.
West Coast Aquaculture (WCA) stocks are now listed on the Sydney Stock Exchange under the SSX code 833.
According to a filing by Evergrande Group, the shares in the IPO would be priced at HK$8.5 to HK$9.75.
In response to the high demand in the gaming industry, Roblox recorded about $1.24 billion in sales after the first three quarters of 2020.
The move by Affirm to debut on the stock exchange through its recently announced IPO comes as one of the many public listings recorded in 2020.
With a tough year for business, Airbnb makes an ambitious move of public listing as the company is working on restructuring its business model and streamline operations.
Anonymous sources have confirmed that Robinhood is planning to go public during the first quarter of the coming year. But it is not a final decision.
While Airbnb has had its tough times with its hosts amid an extenuating refund policy, the company’s public listing move represents significant growth for it in a highly competitive industry.
Despite making revenue, the US leading food delivery app Doordash has also suffered a loss of almost $149 million.
The move by President Xi Jinping to halt the Ant Group’s IPO may take a subtle backing from the need to beat down competition for the soon to be launched Digital Currency Electronic Payment (DCEP) system.
The HKEX CEO believes the ongoing swing in the global markets may continue well beyond January when the United States President-Elect Joe Biden will officially assume office.
Kuaishou has grown its Daily Active Users (DAUs) to 302 million and the revenue in that timeframe was up from 17.1 billion yuan reported in the first half of 2019 to 25.3 billion yuan ($3.8 billion) this year.