Haven't heard Figma set to uh go public on the New York Stock Exchange today. It's a design software company. It priced its offering at 33 bucks a share.That was above expectations. It will raise a total of $1.2% billion, although much of that is actually selling shareholders. Somewhere around 350 million or so being sold by the company that will help uh obviously its growth trajectory.Joining us is New York Stock Exchange President Lynn Martin. Always a good day for you, I assume, when you've got a an IPO ...

Figma shares are set to begin trading Thursday after the design and collaboration software company and some of its backers raised $1.2 billion in one of the year’s most anticipated US IPOs https://t.co/KTn5y7UVfp ...

Welcome back to Squawk. Design software developer Figma pricing shares of its IPO at $33 each. That is above the expected range.The offering raising $1.2% billion with most of the proceeds going to existing stockholders. It values Figma at $19.3% billion. Now, the company, if you remember, had been agre had agreed to be acquired by Adobe for $20 billion.This was many years ago now, two or three years ago. Uh but that deal fell apart in 2023 following objections from regulators. The stock expected to debut t ...

Core Viewpoint - The company, Guangzhou Huigu New Materials Technology Co., Ltd. (Huigu New Materials), is undergoing scrutiny as it appears on the list for on-site inspections by the China Securities Association shortly after its IPO application was accepted. The inspection aims to filter out companies with potential issues before they go public, with a high termination rate observed in previous years [1][2]. Financial Performance - Huigu New Materials has shown continuous growth in its operating performance from 2022 to 2024, achieving revenues of 664 million yuan, 717 million yuan, and 817 million yuan respectively. The net profit attributable to the parent company, excluding non-recurring gains and losses, increased significantly from approximately 26.84 million yuan to 142 million yuan, marking a growth of over 400% in three years [2][15]. - The company reported a gross profit margin increase from 29.56% in 2022 to 40.68% in 2024, indicating improved profitability [15]. Related Transactions - In late 2023, Huigu New Materials approved a transaction to purchase real estate from Guangzhou Henghui Materials Co., Ltd. for 65 million yuan. The seller was indirectly controlled by the actual controller of Huigu New Materials, raising concerns about potential conflicts of interest [3][4][5]. Risk Factors - Despite the strong financial performance, Huigu New Materials has warned investors about potential risks, including a possible decline in operating profit by over 50% in the year of listing or even incurring losses due to macroeconomic conditions and market competition [2][14]. Ownership Structure - The actual controller, Tang Jing, holds 11.8% of the company's shares directly and controls 59.02% of the voting rights through various entities. His family members also hold significant positions within the company, indicating a concentrated ownership structure [9][10]. Research and Development - The company has invested in R&D, with expenses accounting for approximately 6.72% of its revenue in 2024. It has disclosed 31 R&D projects, with 20 completed, reflecting a commitment to innovation [22][25]. Internal Control Issues - Huigu New Materials has faced internal control issues related to financial practices, including discrepancies in invoice amounts and improper use of third-party payments. However, the company has stated that these issues have been rectified [27][30]. IPO Financing Plans - The company plans to raise 900 million yuan through its IPO, with significant portions allocated for expanding production capacity and enhancing R&D capabilities. Approximately 30% of the funds will be used to supplement working capital [30][31]. Safety Incident - A safety incident in 2019 involving a subsidiary led to fatalities and raised concerns about the company's safety management practices. The subsidiary was later merged and subsequently deregistered [35][39].

星标 ★ IPO日报 精彩文章第一时间推送 7月29日，港交所披露，正品控股有限公司（下称"正品控股"）向港交所提交上市申请书，独家保荐人 为浤博资本。 IPO日报注意到，正品控股近三财年的纯利复合年增长率高达79%，毛利率高达75%，但7成以上营收依 赖大客户"牛奶公司"。 AI制图 营收、纯利猛增 资料显示，正品控股主要在中国香港从事保健及美容补充品与产品的开发、销售、营销及分销。公司将 产品的生产外包给供应商（包括制造商）并主要透过万宁在香港的零售门市以自有品牌及第三方品牌分 销公司产品。 根据咨询机构弗若斯特沙利文的资料，按2024年保健及美容补充品与产品的零售值计算，正品控股于香 港所有本地保健及美容补充品与产品供应商中排名第七，市场占有率约为1.6%。 在本地的保健及美容补充品与产品市场中，正品控股拥有多样化的产品组合，涵盖各年龄层的男性、女 性及儿童的需求，并专注于鹿相关保健补充品、关节及痛症以及外用止痛产品的利基市场。 目前，正品控股的产品主要分为保健补充品及产品、美容补充品及产品。正品控股经营六个自有品牌和 六个第三方品牌，其中自有品牌有"正品""炎痛消""Organicpharm""日药堂 ...

Core Viewpoint - XINWANDA Electronics Co., Ltd. is seeking to list on the Hong Kong Stock Exchange, marking it as the third domestic power battery company to pursue a dual listing after CATL and EVE Energy [1][2]. Company Overview - Founded in December 1997, XINWANDA is headquartered in Shenzhen and was established by brothers Wang Mingwang and Wang Wei. Initially focused on consumer battery Pack business, the company shifted to automotive power batteries in 2008, now offering integrated solutions from cells to systems [2]. - XINWANDA went public on the Shenzhen Stock Exchange in 2011, with a market capitalization of 40.8 billion yuan as of July 30, 2023. The company successfully issued GDRs to list on the Swiss Exchange in 2022 [3]. Market Position - XINWANDA holds a dominant position in the global smartphone battery market with a market share of 34.3% as of 2024. It is also the second-largest manufacturer of batteries for laptops and tablets, with a market share of 21.6%. The company is rapidly rising in the power battery and energy storage sectors, expected to be among the top ten global players in 2024 [3]. Financial Performance - For the years 2022 to 2024 and Q1 2025, XINWANDA reported revenues of 52.162 billion yuan, 47.862 billion yuan, 56.021 billion yuan, and 12.289 billion yuan, respectively. Corresponding profits attributable to shareholders were 1.068 billion yuan, 1.076 billion yuan, 1.474 billion yuan, and 0.387 billion yuan. Q1 2025 saw year-on-year revenue and profit growth of 11.97% and 21.23%, respectively [4]. - In 2024, the revenue breakdown shows that consumer batteries accounted for 54.27%, electric vehicle batteries 27.02%, and energy storage systems 3.37%, with other businesses making up 15.33%. The highest gross margin was from energy storage systems at 20.39%, followed by consumer batteries at 17.65% [4]. Recent Developments - In March 2023, XINWANDA announced a plan for a 4.8 billion yuan private placement to fund various projects, but later withdrew the application in August 2023 to revise the proposal [4][5]. - In July 2023, the company announced plans to spin off its subsidiary, XINWANDA Power Technology Co., Ltd., for an IPO on the Shenzhen Stock Exchange's Growth Enterprise Market, but progress on this front has been slow [5].

以下文章来源于解码LP ，作者吴琼 解码LP . 投资界（PEdaily.cn）旗下，专注募资动态 欢迎加入投资界读者群 管理规模1.2万亿美元。 作者 I 吴琼 报道 I 投资界-解码LP 7月24日，黑石发布2025年第二季度财报——管理资产规模同比增长13%，达1 .2万亿美 元，约合人民币8. 6万亿元，创下历史新高。 "我们为有限合伙人持续创造强劲的投资回报，基金整体净值增长创下近四年以来最高水 平。"掌门人苏世民表示。 同时， 刚刚过去的二季度，黑石为股东分配了14亿美元（约 合人民币10 0亿元 ） 。 此时此刻，这一幕弥足珍贵。 黑石最新财报 给股东分了100亿 先 来 看 募 资 。 过 去 十 二 个 月 ， 黑 石 累 计 净 流 入 资 金 达 212 0 亿 美 元 ， 其 中 2025 年 第 二 季 度，LP向黑石净投入5 2 0亿美元，募资表现强劲。4月初，黑石宣布完成募集欧洲房地产 提取基金，最终募资规模为1 06亿美元。 具体来看，在私人财富领域，黑石早在23年前就开始募集私人财富资本，成立了私人财 富另类投资平台，目前管理规模已增至近28 00亿美元。在第二季度，该渠道的 ...

瞭望塔财经近期获悉，深交所创业板近日迎来一家PCB领域"隐形冠军"的IPO闯关。2025年6月30日，欣强电子（清远）股份有限公司（以下简称"欣强电 子"）正式递交招股说明书，拟募资9.62亿元投入高端电路板扩产项目。 在存储领域深耕二十年的欣强电子，2024年全球内存条PCB市场占有率达12.57%，其产品均价超过2000元/平方米，位居行业第一梯队。然而靓丽市场地位 背后，其家族"全台籍"控股95.04%的治理结构、营收增长停滞、合营模式收入占比过高、研发投入低于同行等问题，为此次IPO埋下多重隐患。 1、股权激励与IPO估值鸿沟，7.68倍PE的突击入股玄机 欣强电子在IPO前夕的股权操作引发市场高度关注。2025年5月8日，就在招股书申报前一个月，公司控股股东YU FAMILY向三个员工持股平台（欣承投资、 欣立投资、金宥公司）突击转让2295万股，转让价格仅为2.80元/股，对应2024年净利润的市盈率倍数仅为7.68倍，公司估值总额定格在12.85亿元。 然而，此次IPO计划募资9.62亿元，发行不低于5100万股，占发行后总股本的10%，隐含估值接近百亿。这意味着短短一个月内，公司估值出现近8倍 ...

又一香港保健品市场赴港IPO。 7月29日，正品控股有限公司（以下简称：正品控股）向港交所主板递交上市申请，浤博资本有限公司为 其独家保荐人。 在本地的保健及美容补充品与产品市场中，集团拥有多样化的产品组合，涵盖各年龄层的男性、女性及 儿童的需求，并专注于鹿相关保健补充品、关节及痛症以及外用止痛产品的利基市场。 根据弗若斯特沙利文的资料，集团于2024年在香港鹿相关保健补充品及产品的零售值排名第一，市场份 额约为29.4%；集团自有品牌"炎痛消"旗下的关节及痛症以及外用止痛产品是2024年万宁零售门市中最畅 销的五种关节及痛症补充品及产品之一。 截至最后实际可行日期，该集团经营合共六个自有品牌，即(a)"正品"；(b)"炎痛消"； (c)"Organicpharm"；(d)"日药堂"；(e)"维再生"；及(f)"Profix"；及合共六个第三方品牌，包括(其中包括) (a) "iPro+"；及(b)"Boiron"。 业绩表现来看，截至2025年3月31日止的3个财政年度（以下简称：报告期内，下同）公司实现收益分别 约为0.43亿港元、1.10亿港元、1.3亿港元;同期，年内溢利及全面收益总额分别约为1131 ...

Core Viewpoint - The article discusses the IPO application of Anhui Jinyan Kaolin New Materials Co., Ltd., highlighting its financial performance, market position, and future plans for fundraising through the Hong Kong Stock Exchange [1][9]. Group 1: Company Overview - Anhui Jinyan was established in 2012 and specializes in coal series kaolin, integrating the entire value chain from mining to sales [3]. - The main products include precision casting mullite materials and refractory mullite materials, essential for high-precision components in various industries [3]. - The company holds the only kaolin mine in Shuli, Huai Bei City, with an estimated total resource of approximately 18.64 million tons as of May 31, 2025 [4][5]. Group 2: Financial Performance - Revenue for the years 2022 to 2024 and the first five months of 2025 was approximately CNY 190 million, CNY 205 million, CNY 267 million, and CNY 105 million, respectively, with net profits showing significant fluctuations [7]. - The average selling price of precision casting mullite materials decreased from CNY 1,554 per ton to CNY 1,307 per ton, contributing to an 8.02% decline in sales volume in 2023 [7]. - The asset-liability ratio increased from 16.2% in 2022 to 42.3% in 2024, indicating a rising financial leverage [8]. Group 3: Market Position - Jinyan holds a 19.1% market share in the precision casting mullite materials sector in 2024, up from 17.9% in 2023 [4]. - The overall market size for kaolin products in China is projected to be approximately CNY 10.16 billion in 2024, with coal series calcined kaolin accounting for about CNY 4.97 billion [4]. Group 4: Future Plans - The company plans to use the funds raised from the IPO for technology research and development, repayment of bank loans, and enhancing the production capacity of refractory mullite materials [9].