| 代码 | 名称 | 最新价 | 涨跌幅 ^ | 涨跌额 | 成交额 | | --- | --- | --- | --- | --- | --- | | TDIC | Dreamland | 1.160 | -80.98% | -4.940 | 3750.17万 | | TIRX | 天睿祥 | 1.260 | -46.50% | -1.095 | 118.58万 | | XCH | 智能充电 | 0.826 | -31.18% | -0.374 | 30.94万 | | APM | 知临集团 | 1.660 | -29.96% | -0.710 | 316.64万 | | MFH | Mercurity Fintech | 23.055 | -26.69% | -8.395 | 806.82万 | 中概股收盘跌幅居前的个股为：Dreamland跌80.98%，天睿祥跌46.5%，知临集团跌29.96%，Mercurity Fintech跌26.69%。(格隆汇) ...

Company Performance - Dreamland Limited Class A Ordinary Shares (NASDAQ:TDIC) experienced a significant drop of 80.33% to $1.2, with a trading volume surge to over 8.3 million shares, indicating a strong market reaction to recent developments [1] - Bollinger Innovations, Inc. (BINI) saw its price decrease by 49.14% to $0.71 amidst a substantial sell-off, with volume exceeding 23 million shares, reflecting a critical reassessment by investors [2] - A SPAC III Acquisition Corp. (ASPCR) faced a 46.29% decline in its price to $0.11, with low trading volume at 112, highlighting niche interest in SPAC investments [3] - Carisma Therapeutics, Inc. (CARM) experienced a 43.92% decrease in its price to $0.15, with volume reaching over 12.6 million, reflecting market concerns regarding its pipeline's progress despite a collaboration with Moderna Inc. [4] - Tian Ruixiang Holdings Ltd (TIRX) saw its price fall by 42.75% to $1.34, with a decrease from a year high of $13.25, indicating challenges within the insurance brokerage sector [5] Market Dynamics - The stock market has shown notable declines across various companies, emphasizing the dynamic nature of valuations and the rapid changes faced by firms in different industries [6]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission ...

Group 1: IPO Performance Overview - Seven companies went public last week, including one small IPO and five SPACs submitting initial applications [1][7] - NIQ Global Intelligence priced its IPO below the midpoint, raising $1.1 billion at a market cap of $6.2 billion, but saw a 6% decline in stock price [1][5] - Accelerant's IPO was priced above the range, raising $724 million at a market cap of $4.7 billion, with a stock price increase of 42% [1][5] Group 2: Company Highlights - McGraw Hill's IPO was priced below the range, raising $415 million with a market cap of $3.3 billion, and experienced a 1% drop in stock price [2][5] - Carlsmed raised $101 million at a market cap of $430 million, with a 3% decline in stock price [2][5] - Dreamland's IPO was priced at the lower end, raising $8 million with a market cap of $124 million, and saw a 6% drop in stock price [3][5] Group 3: Emerging Companies - Cre8 Enterprise raised $96 million at a market cap of $6 million, with a 9% increase in stock price [3][5] - Linkhome Holdings raised $6 million at a market cap of $64 million, experiencing a significant stock price increase of 158% [4][5] - Hillhouse Frontier Holdings submitted an initial application for a small IPO, targeting $6 million with a market cap of $106 million [7] Group 4: Upcoming IPOs - Figma plans to raise $979 million with a projected market cap of $15.9 billion, focusing on browser-based design software [9][11] - Shoulder Innovations aims to raise $100 million with a market cap of $432 million, providing advanced implant systems for shoulder surgeries [10][11] - Ambiq Micro plans to raise $80 million with a market cap of $435 million, specializing in ultra-low power semiconductor solutions [10][11]