Mainland Moves Higher, Didi Lists On NYSE forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
Shares of the Chinese Three Gorges Dam under pressure were released
Shares of China Three Gorges Renewables Group rose 44 percent in its debut after the company raised $ 3.6 billion in China’s largest initial public offering in 2021.
China Three Gorges Corp. shares in the renewable energy sector, a state-owned company that registers it hydropower dam On the Yangtze River, the maximum number of days allowed by the Shanghai Stock Exchange on Thursday fell.
The group raised Rmb22.7 billion ($ 3.6 billion) in its IPO, which has been the largest equity asset in the country since $ 7.6 billion worth of stock sales China’s largest chip maker, Semiconductor Manufacturing International Corporation, came out last July. According to Bloomberg, the first day’s jump brought the company’s market capitalization to $ 17.1 billion.
While we wait for the day s main earning highlight, Q1 reports from Microsoft and Google both due after the close, it s been a busy morning with some of the most prominent companies reporting earnings in the premarket. Below we summarize some of the biggest market movers:
United Parcel Service (UPS): Adj. EPS 2.77 (exp. 1.72), Revenue 22.9bn (exp. 20.49bln).
UPS soared 8.1% in premarket trading after reporting stellar results including adjusted earnings per share for the first quarter that beat the average analyst estimate. Details: Adjusted EPS $2.77 vs. $1.15 y/y, estimate $1.73 (range $1.55 to $1.99) Revenue $22.91 billion, +27% y/y, estimate $20.60 billion U.S. package revenue $14.01 billion, +22% y/y, estimate $12.86 billion
China s Biggest IPO This Year Looks to Be in Renewable Energy yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.