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Third quarter IPO report: Hong Kong stock market once again witnessed billion-dollar projects, the number and amount of Chinese enterprise IPOs rebounded year-on-year
In Q3 2024, a total of 52 Chinese companies successfully IPO'd on A-shares, Hong Kong stocks, and US stocks. The number of IPOs decreased by 52.29% year-on-year, but increased by 18.18% compared to the previous period. In the first three quarters, the number of IPOs of Chinese companies globally decreased by 54.98% year-on-year.
Pheton Holdings | 6-K: Report of foreign private issuer (related to financial reporting)
Stock market anomaly | pheton holdings (PTHL.US) rose by 11%, with a price increase of nearly 45% since its listing.
On Wednesday, pheton holdings (PTHL.US) stock price continued to surge, as of the time of writing, up 11% to $5.45.
U.S. stocks surged by 31.61%, the largest increase among U.S.-listed Chinese stocks.
September 26 Glonhui | The top five stocks with the highest gains in Chinese stocks at the close are: Haowei increased by 31.61%, Feitian Zhaoye increased by 23.3%, Little i siasun robot&automation increased by 17.56%, CN Energy increased by 17.4%, and Origin Agritech increased by 12.64%.
Express News | Pheton Holdings Ltd Announces Closing of Initial Public Offering
Medical solution provider Feiteng Zhaoye (PTHL.US) IPO priced at $4 per share, fell 5% on the first day of trading.
Chinese medical care solution provider Pheton Holdings issued 2.25 million shares at a price of $4 per share (at the lower end of the $4-5 range), raising $9 million in funds.
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