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Hong Kong-based Magic Empire stock (MEGL) rocketed 77% on Monday after plunging last week in the wake of a spectacular $20M US initial public offering
NYSE:HKD has now gone two straight days without any major swings as the Hong Kong-based fintech stock remains heavily inflated. On Thursday, shares of
The company, which has a rewards app called Zcity, debuts on Thursday. Its IPO follows two low-priced stocks that recently skyrocketed in their debuts.
Two founders of a little-known Hong Kong investment bank briefly became billionaires in recent days following a baffling stock surge, only to see their paper fortunes quickly tumble when the shares plunged.
A handful of US-listed companies from mainland China and Hong Kong have recorded inexplicable price movements after their initial public offerings in 2022. Could this be a return of the meme stock mania?