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Zenithtan
Zenithtan
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2021-06-18
[Cry]
Mid-Morning Market Update: Markets Mixed; Kroger Earnings Top Views
Following the market opening Thursday, the Dow traded down 0.29% to 33,935.28 while the NASDAQ rose 0.34% to 14,086.74. The S&P also fell, dropping 0.01% to 4,223.07.
Mid-Morning Market Update: Markets Mixed; Kroger Earnings Top Views
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Zenithtan
Zenithtan
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2021-06-18
[Cool] [Cool]
Hong Kong tycoon Richard Li's FWD files for U.S. listing
HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an appli
Hong Kong tycoon Richard Li's FWD files for U.S. listing
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Zenithtan
Zenithtan
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2021-06-18
ohh..
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Zenithtan
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2021-06-18
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hmm
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Meanwhile, top gainers in the sector included <strong> ACM Research, Inc.</strong> (NASDAQ:ACMR), up 5%, and <strong> <a href=\"https://laohu8.com/S/MASS\">908 Devices Inc.</a></strong> (NASDAQ:MASS), up 5%.</p>\n<p>\r\nIn trading on Thursday, materials shares fell 1.3%.</p>\n<p>\n<strong>Top Headline</strong></p>\n<p><strong>The Kroger Co.</strong> (NYSE:KR) reported stronger-than-expected results for its first quarter and announced a $1 billion buyback program.</p>\n<p>Kroger reported quarterly earnings of $1.19 per share, exceeding analysts’ estimates of $1.01 per share. The company’s quarterly sales came in at $41.30 billion, topping expectations of $39.78 billion.</p>\n<p>Kroger boosted its FY21 adjusted EPS guidance from $2.75-$2.95 to $2.95-$3.10.</p>\n<p><strong>Equities Trading UP</strong></p>\n<p>\n<strong><a href=\"https://laohu8.com/S/APOP\">Cellect Biotechnology Ltd.</a></strong> (NASDAQ:APOP) shares shot up 60% to $5.24 after the company announced it filed a registration statement in connect with the proposed merger agreement with Quoin Pharmaceuticals.</p>\n<p>\r\nShares of <strong> Midatech Pharma plc </strong> (NASDAQ:MTP) got a boost, shooting 54% to $3.1499 after the company announced breakthrough data using Q-Sphera technology.</p>\n<p>\n<strong>9F Inc.</strong> (NASDAQ:JFU) shares were also up, gaining 35% to $3.02 after dropping 15% on Wednesday.</p>\n<p><em>Check out these big movers of the day</em></p>\n<p>\n<strong>Equities Trading DOWN</strong></p>\n<p><strong>CureVac N.V. </strong> (NASDAQ:CVAC) shares tumbled 48% to $48.88 after the company said results of the second interim analysis of CureVac's international Phase 2b/3 study of its first-generation vaccine candidate showed vaccine efficacy of 47% against COVID-19 disease of any severity. The company also said the trial did not meet prespecified statistical success criteria.</p>\n<p>Shares of <strong> Novan, Inc.</strong> (NASDAQ:NOVN) were down 19% to $11.17 after the company priced its 3.6 million share offering at $11 per share.</p>\n<p><strong>Torchlight Energy Resources, Inc.</strong> (NASDAQ:TRCH) was down, falling 18% to $4.8950 after jumping 18% on Wednesday. The company late Monday declared a special dividend and said its combination with Metamaterial is expected to close before the end of June.</p>\n<p><strong>Commodities</strong></p>\n<p>\r\nIn commodity news, oil traded down 0.1% to $72.12, while gold traded down 3.1% to $1,804.20.</p>\n<p>\r\nSilver traded down 3.6% Thursday to $26.80 while copper fell 1.8% to $4.3050.</p>\n<p>\n<strong>Euro zone</strong></p>\n<p>European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.4%, the Spanish Ibex Index rose 0.2% and the German DAX 30 fell 0.1%. 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Spanish trade deficit shrank to EUR 1.30 billion in April from EUR 1.52 billion in the year-ago month, while Italy swung to a trade surplus of EUR 5.870 billion in April versus a EUR 1.117 billion gap in the year-ago period.</p>\n<p>\n<strong>Economics</strong></p>\n<p>US initial jobless claims increased to 412 thousand last week, recording the first rise in more than <a href=\"https://laohu8.com/S/AONE\">one</a> month.</p>\n<p>\r\nThe Philadelphia Fed manufacturing index declined to 30.7 in June versus 31.5 in May.</p>\n<p>\r\nThe index of leading economic indicators rose 1.3% for May.</p>\n<p>\r\nThe Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.</p>\n<p>\r\nThe Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.</p>\n<p><em>Check out the full economic calendar here </em></p>\n</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mid-Morning Market Update: Markets Mixed; Kroger Earnings Top Views</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMid-Morning Market Update: Markets Mixed; Kroger Earnings Top Views\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-06-17 22:13</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>Following the market opening Thursday, the Dow traded down 0.29% to 33,935.28 while the NASDAQ rose 0.34% to 14,086.74. The S&P also fell, dropping 0.01% to 4,223.07.</p>\n<p>The U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 33,498,510 cases with around 600,650 deaths. India confirmed a total of at least 29,700,310 cases and 381,900 deaths, while Brazil reported over 17,628,580 COVID-19 cases with 493,690 deaths. In total, there were at least 177,069,910 cases of COVID-19 worldwide with more than 3,833,790 deaths, according to data compiled by Johns Hopkins University.</p>\n<p>\n<strong>Leading and Lagging Sectors</strong></p>\n<p>\r\nInformation technology shares rose 0.6% on Thursday. Meanwhile, top gainers in the sector included <strong> ACM Research, Inc.</strong> (NASDAQ:ACMR), up 5%, and <strong> <a href=\"https://laohu8.com/S/MASS\">908 Devices Inc.</a></strong> (NASDAQ:MASS), up 5%.</p>\n<p>\r\nIn trading on Thursday, materials shares fell 1.3%.</p>\n<p>\n<strong>Top Headline</strong></p>\n<p><strong>The Kroger Co.</strong> (NYSE:KR) reported stronger-than-expected results for its first quarter and announced a $1 billion buyback program.</p>\n<p>Kroger reported quarterly earnings of $1.19 per share, exceeding analysts’ estimates of $1.01 per share. The company’s quarterly sales came in at $41.30 billion, topping expectations of $39.78 billion.</p>\n<p>Kroger boosted its FY21 adjusted EPS guidance from $2.75-$2.95 to $2.95-$3.10.</p>\n<p><strong>Equities Trading UP</strong></p>\n<p>\n<strong><a href=\"https://laohu8.com/S/APOP\">Cellect Biotechnology Ltd.</a></strong> (NASDAQ:APOP) shares shot up 60% to $5.24 after the company announced it filed a registration statement in connect with the proposed merger agreement with Quoin Pharmaceuticals.</p>\n<p>\r\nShares of <strong> Midatech Pharma plc </strong> (NASDAQ:MTP) got a boost, shooting 54% to $3.1499 after the company announced breakthrough data using Q-Sphera technology.</p>\n<p>\n<strong>9F Inc.</strong> (NASDAQ:JFU) shares were also up, gaining 35% to $3.02 after dropping 15% on Wednesday.</p>\n<p><em>Check out these big movers of the day</em></p>\n<p>\n<strong>Equities Trading DOWN</strong></p>\n<p><strong>CureVac N.V. </strong> (NASDAQ:CVAC) shares tumbled 48% to $48.88 after the company said results of the second interim analysis of CureVac's international Phase 2b/3 study of its first-generation vaccine candidate showed vaccine efficacy of 47% against COVID-19 disease of any severity. The company also said the trial did not meet prespecified statistical success criteria.</p>\n<p>Shares of <strong> Novan, Inc.</strong> (NASDAQ:NOVN) were down 19% to $11.17 after the company priced its 3.6 million share offering at $11 per share.</p>\n<p><strong>Torchlight Energy Resources, Inc.</strong> (NASDAQ:TRCH) was down, falling 18% to $4.8950 after jumping 18% on Wednesday. The company late Monday declared a special dividend and said its combination with Metamaterial is expected to close before the end of June.</p>\n<p><strong>Commodities</strong></p>\n<p>\r\nIn commodity news, oil traded down 0.1% to $72.12, while gold traded down 3.1% to $1,804.20.</p>\n<p>\r\nSilver traded down 3.6% Thursday to $26.80 while copper fell 1.8% to $4.3050.</p>\n<p>\n<strong>Euro zone</strong></p>\n<p>European shares were mostly lower today. The eurozone’s STOXX 600 fell 0.4%, the Spanish Ibex Index rose 0.2% and the German DAX 30 fell 0.1%. Meanwhile, the London’s FTSE 100 fell 0.5%, French CAC 40 slipped 0.1% and Italy’s FTSE MIB fell 0.2%.</p>\n<p>Passenger car registrations in the European Union surged 53.4% year-over-year to 891,665 units in May. Spanish trade deficit shrank to EUR 1.30 billion in April from EUR 1.52 billion in the year-ago month, while Italy swung to a trade surplus of EUR 5.870 billion in April versus a EUR 1.117 billion gap in the year-ago period.</p>\n<p>\n<strong>Economics</strong></p>\n<p>US initial jobless claims increased to 412 thousand last week, recording the first rise in more than <a href=\"https://laohu8.com/S/AONE\">one</a> month.</p>\n<p>\r\nThe Philadelphia Fed manufacturing index declined to 30.7 in June versus 31.5 in May.</p>\n<p>\r\nThe index of leading economic indicators rose 1.3% for May.</p>\n<p>\r\nThe Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.</p>\n<p>\r\nThe Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.</p>\n<p><em>Check out the full economic calendar here </em></p>\n</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MASS":"908 Devices Inc.","CVAC":"CureVac B.V.","ACMR":"Acm Research Inc.","JFU":"玖富","KR":"克罗格"},"source_url":"https://www.benzinga.com/news/earnings/21/06/21608278/mid-morning-market-update-markets-mixed-kroger-earnings-top-views","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144449657","content_text":"Following the market opening Thursday, the Dow traded down 0.29% to 33,935.28 while the NASDAQ rose 0.34% to 14,086.74. The S&P also fell, dropping 0.01% to 4,223.07.\nThe U.S. has the highest number of coronavirus cases and deaths in the world, reporting a total of 33,498,510 cases with around 600,650 deaths. India confirmed a total of at least 29,700,310 cases and 381,900 deaths, while Brazil reported over 17,628,580 COVID-19 cases with 493,690 deaths. In total, there were at least 177,069,910 cases of COVID-19 worldwide with more than 3,833,790 deaths, according to data compiled by Johns Hopkins University.\n\nLeading and Lagging Sectors\n\r\nInformation technology shares rose 0.6% on Thursday. Meanwhile, top gainers in the sector included ACM Research, Inc. (NASDAQ:ACMR), up 5%, and 908 Devices Inc. (NASDAQ:MASS), up 5%.\n\r\nIn trading on Thursday, materials shares fell 1.3%.\n\nTop Headline\nThe Kroger Co. (NYSE:KR) reported stronger-than-expected results for its first quarter and announced a $1 billion buyback program.\nKroger reported quarterly earnings of $1.19 per share, exceeding analysts’ estimates of $1.01 per share. The company’s quarterly sales came in at $41.30 billion, topping expectations of $39.78 billion.\nKroger boosted its FY21 adjusted EPS guidance from $2.75-$2.95 to $2.95-$3.10.\nEquities Trading UP\n\nCellect Biotechnology Ltd. (NASDAQ:APOP) shares shot up 60% to $5.24 after the company announced it filed a registration statement in connect with the proposed merger agreement with Quoin Pharmaceuticals.\n\r\nShares of Midatech Pharma plc (NASDAQ:MTP) got a boost, shooting 54% to $3.1499 after the company announced breakthrough data using Q-Sphera technology.\n\n9F Inc. (NASDAQ:JFU) shares were also up, gaining 35% to $3.02 after dropping 15% on Wednesday.\nCheck out these big movers of the day\n\nEquities Trading DOWN\nCureVac N.V. (NASDAQ:CVAC) shares tumbled 48% to $48.88 after the company said results of the second interim analysis of CureVac's international Phase 2b/3 study of its first-generation vaccine candidate showed vaccine efficacy of 47% against COVID-19 disease of any severity. The company also said the trial did not meet prespecified statistical success criteria.\nShares of Novan, Inc. (NASDAQ:NOVN) were down 19% to $11.17 after the company priced its 3.6 million share offering at $11 per share.\nTorchlight Energy Resources, Inc. (NASDAQ:TRCH) was down, falling 18% to $4.8950 after jumping 18% on Wednesday. The company late Monday declared a special dividend and said its combination with Metamaterial is expected to close before the end of June.\nCommodities\n\r\nIn commodity news, oil traded down 0.1% to $72.12, while gold traded down 3.1% to $1,804.20.\n\r\nSilver traded down 3.6% Thursday to $26.80 while copper fell 1.8% to $4.3050.\n\nEuro zone\nEuropean shares were mostly lower today. The eurozone’s STOXX 600 fell 0.4%, the Spanish Ibex Index rose 0.2% and the German DAX 30 fell 0.1%. Meanwhile, the London’s FTSE 100 fell 0.5%, French CAC 40 slipped 0.1% and Italy’s FTSE MIB fell 0.2%.\nPassenger car registrations in the European Union surged 53.4% year-over-year to 891,665 units in May. Spanish trade deficit shrank to EUR 1.30 billion in April from EUR 1.52 billion in the year-ago month, while Italy swung to a trade surplus of EUR 5.870 billion in April versus a EUR 1.117 billion gap in the year-ago period.\n\nEconomics\nUS initial jobless claims increased to 412 thousand last week, recording the first rise in more than one month.\n\r\nThe Philadelphia Fed manufacturing index declined to 30.7 in June versus 31.5 in May.\n\r\nThe index of leading economic indicators rose 1.3% for May.\n\r\nThe Energy Information Administration’s weekly report on natural gas stocks in underground storage is scheduled for release at 10:30 a.m. ET.\n\r\nThe Treasury is set to auction 4-and 8-week bills at 11:30 a.m. ET.\nCheck out the full economic calendar here","news_type":1,"symbols_score_info":{"MTP":0.9,"TRCH":0.9,"APOP":0.9,"KR":1,"MASS":0.9,"CVAC":0.9,"JFU":0.9,"NOVN":0.9,"ACMR":0.9}},"isVote":1,"tweetType":1,"viewCount":1358,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168972418,"gmtCreate":1623948376934,"gmtModify":1703824498395,"author":{"id":"3584434944941333","authorId":"3584434944941333","name":"Zenithtan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584434944941333","authorIdStr":"3584434944941333"},"themes":[],"htmlText":"[Cool] [Cool] ","listText":"[Cool] [Cool] ","text":"[Cool] [Cool]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168972418","repostId":"2144411077","repostType":4,"repost":{"id":"2144411077","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1623939312,"share":"https://ttm.financial/m/news/2144411077?lang=&edition=fundamental","pubTime":"2021-06-17 22:15","market":"us","language":"en","title":"Hong Kong tycoon Richard Li's FWD files for U.S. listing","url":"https://stock-news.laohu8.com/highlight/detail?id=2144411077","media":"Reuters","summary":"HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an appli","content":"<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Hong Kong tycoon Richard Li's FWD files for U.S. listing</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nHong Kong tycoon Richard Li's FWD files for U.S. listing\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2021-06-17 22:15</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering <a href=\"https://laohu8.com/S/IPO.UK\">$(IPO.UK)$</a> in the United States.</p>\n<p>The company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.</p>\n<p>A fundraising of that size would value FWD at $13 billion to $15 billion, they added.</p>\n<p>FWD declined to comment on the potential size of the deal.</p>\n<p>The number of American Depositary Shares <a href=\"https://laohu8.com/S/ADS\">$(ADS)$</a> and price range have yet to be determined, a statement from the company said.</p>\n<p>\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.</p>\n<p>The IPO filing comes under FWD holding company PCGI Intermediate.</p>\n<p>Richard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.</p>\n<p>The company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .</p>\n<p>FWD is the insurance business of Li's investment arm Pacific Century Group.</p>\n<p>FWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.</p>\n<p>The company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MET":"大都会人寿"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2144411077","content_text":"HONG KONG, June 17 (Reuters) - Hong Kong tycoon Richard Li's insurer FWD said it has lodged an application to regulators for an initial public offering $(IPO.UK)$ in the United States.\nThe company did not disclose the size of the IPO, but the deal could raise between $2 and $3 billion, people familiar with the matter said.\nA fundraising of that size would value FWD at $13 billion to $15 billion, they added.\nFWD declined to comment on the potential size of the deal.\nThe number of American Depositary Shares $(ADS)$ and price range have yet to be determined, a statement from the company said.\n\"The IPO is expected to take place after the SEC (U.S. Securities and Exchange Commission) completes its review process, subject to market conditions,\" it added.\nThe IPO filing comes under FWD holding company PCGI Intermediate.\nRichard Li is the son of Hong Kong's richest man Li Ka-Shing. Billionaire Li laid the foundation for FWD in 2012 with the acquisition of ING's Hong Kong, Macau and Thailand units for $2.1 billion and has continued this bolt-on approach since.\nThe company's major acquisitions included its $3 billion purchase of Siam Commercial Bank's life insurance unit in Thailand in 2019, just days after agreeing to buy the Hong Kong operations of U.S. insurer MetLife Inc .\nFWD is the insurance business of Li's investment arm Pacific Century Group.\nFWD has businesses across 10 Asian markets led by Hong Kong, Indonesia, Japan and Macau, according to its website.\nThe company has $62.6 billion in assets and 9.8 million customers, a factsheet on its website states which also says FWD's minor shareholders include Swiss Re , GIC Ventures, RBJ Capital and Hopu Investments.","news_type":1,"symbols_score_info":{"MET":0.9}},"isVote":1,"tweetType":1,"viewCount":1208,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168976215,"gmtCreate":1623948340737,"gmtModify":1703824496929,"author":{"id":"3584434944941333","authorId":"3584434944941333","name":"Zenithtan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584434944941333","authorIdStr":"3584434944941333"},"themes":[],"htmlText":"ohh..","listText":"ohh..","text":"ohh..","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168976215","repostId":"2144744636","repostType":4,"isVote":1,"tweetType":1,"viewCount":1000,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168978125,"gmtCreate":1623948299867,"gmtModify":1703824494650,"author":{"id":"3584434944941333","authorId":"3584434944941333","name":"Zenithtan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584434944941333","authorIdStr":"3584434944941333"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168978125","repostId":"2144426397","repostType":4,"isVote":1,"tweetType":1,"viewCount":1016,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":168973584,"gmtCreate":1623948255948,"gmtModify":1703824492508,"author":{"id":"3584434944941333","authorId":"3584434944941333","name":"Zenithtan","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3584434944941333","authorIdStr":"3584434944941333"},"themes":[],"htmlText":"hmm","listText":"hmm","text":"hmm","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/168973584","repostId":"1100514296","repostType":4,"isVote":1,"tweetType":1,"viewCount":1195,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"followers","isTTM":true}