HSBC on course for £300 billion valuation, top executive says
Weeks after its market value rose above £200 billion (S$344.6 billion) for the first time in its history, HSBC Holdings is now on course for a capitalisation in excess of £300 billion,…
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valuation
Alphabet hits US$4 trillion valuation as AI refocus lifts sentiment
Alphabet briefly hit US$4 trillion in market valuation on Monday (Jan 12), as the Google parent’s sharpened artificial intelligence (AI) focus allayed doubts about its strategy and thrust…
VinFast-linked GSM eyes international IPO; floats US$20 billion valuation
The company runs Vietnam’s largest all-electric taxi fleet under the Xanh SM brand [SINGAPORE/HANOI] Vietnamese electric-vehicle (EV) taxi operator Green and Smart Mobility (GSM), an…
European equities muted as tech valuation concerns linger; UK markets outperform
EUROPEAN shares were little changed on Wednesday with losses in technology stocks offsetting strong performance from basic resources amid lingering concerns over sky-high, AI-fuelled tech…
Elon Musk’s fortune soars above US$600 billion on new SpaceX valuation
The company is the biggest player in the orbital launch industry with its Falcon 9 rockets Elon Musk’s wealth has reached a new high, topping US$600 billion for the first time on the back…
Spacex sets US$800 billion valuation, confirms 2026 IPO plans
The Musk-led company is targeting a valuation of about US$1.5 trillion for the entire company SpaceX has authorised an insider share sale that values Elon Musk’s rocket and satellite maker…
E-commerce firm Meesho notches US$8.8 billion valuation in blockbuster India debut
The country’s IPO fundraising in 2025 is expected to surpass last year’s record US$20.5 billion Shares of e-commerce firm Meesho jumped about 58 per cent in their debut on Wednesday (Dec…
Outspoken short seller Michael Burry shorts Tesla over valuation and Musk pay plan, Fortune says
Michael Burry has bet against the shares of Tesla, saying they are “ridiculously overvalued” and warning that founder Elon Musk’s proposed US$1 trillion pay package would worsen…
Databricks in talks to raise capital at US$134 billion valuation: report
Data analytics firm Databricks is in talks to raise US$5 billion at a valuation of US$134 billion, which is roughly 32 times this year’s expected sales of about US$4.1 billion, The…
Alphabet races towards US$4 trillion valuation as AI-fuelled gains accelerate
Alphabet closed in on a US$4 trillion valuation on Monday (Nov 24), set to become only the fourth company to enter the exclusive club, as the Google parent rides an artificial intelligence…
Revolut’s valuation hits US$75 million as it completes fundraising
Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation to US$75 billion. Investors that led the…
Revolut’s valuation hits US$75 billion as it completes fundraising
Digital bank Revolut has concluded fundraising – comprising secondary share sales for employees and fresh capital – bringing its valuation to US$75 billion. Investors that led the…
Asia tech rout resumes as stocks slide on AI valuation fears
ASIA’S tech-heavy markets slumped as sell-offs in sector leaders resumed on mounting concerns over stretched artificial intelligence (AI)-related valuations. South Korea’s Kospi index fell…
Buffett’s Alphabet blessing puts valuation paradox back in focus
Shares of the Google parent are up 55% this year, making them by far the top performer among the Magnificent Seven technology giants Just six months ago, Alphabet investors feared the…
US: Wall St opens lower as valuation concerns, rate-cut jitters linger
Wall Street’s main indexes fell at the open on Tuesday (Nov 18), as concerns over lofty equity valuations and dimming chances of an interest rate cut from the Federal Reserve weighed on…
US: S&P 500, Nasdaq slip as tech valuation jitters resurface; federal reopening eyed
The S&P 500 and the Nasdaq opened lower on Tuesday (Nov 11) with concerns around elevated technology valuations resurfacing, while markets monitored progress towards the end of the longest…
Stocks tumble as stretched valuation fears grip markets
The warnings come as a surge in enthusiasm for generative AI has swept across stock markets worldwide this year, drawing comparisons to the dot-com bubble Asian stocks dived on Wednesday…
Asia: Stocks tumble as stretched valuation fears grip markets
Asian stocks dived on Wednesday (Nov 5) and market volatility surged to levels not seen since April after an overnight tech-led sell-off on Wall Street put the spotlight on stretched…
Nvidia storms past US$5 trillion valuation as AI boom powers meteoric rise
The milestone underscores the company’s transformation from a niche graphics-chip designer into the backbone of the global AI industry Nvidia made history on Wednesday (Oct 29) as the…
Temasek-backed consortium to take China’s ANE private at HK$14.33 billion valuation
[SINGAPORE/HONG KONG] ANE (Cayman) said on Tuesday (Oct 28) a consortium comprising its largest shareholder, Singapore’s Temasek Holdings, Centurium Capital, and True Light have offered to…
Chipmaker CXMT plans Shanghai listing with 300 billion yuan valuation: sources
[BEIJING/SINGAPORE] Chinese memory chipmaker ChangXin Memory Technologies (CXMT) plans an initial public offering in Shanghai as soon as the first quarter of next year, eyeing a valuation…
HSBC plans to privatise Hang Seng at US$37 billion valuation
The lender plans to refrain from share buybacks in the coming three quarters as it seeks to restore its capital ratio to its operating range HSBC Holdings plans to take Hang Seng Bank…
The Download: RIP EV tax credits, and OpenAI’s new valuation
1 OpenAI has become the world’s most valuable startup Move aside, SpaceX. (Bloomberg $) + OpenAI is now valued at an eye-watering $500 billion. (FT $) + The valuation came after workers…