Samsonite shareholders approve US dual listing | Reuters Skip to main content Exclusive news, data and analytics for financial market professionalsLearn more aboutRefinitiv Samsonite signage is seen at their store at the Woodbury Common Premium Outlets in Central Valley, New York, U.S., February 15, 2022. REUTERS/Andrew Kelly/File Photo Purchase Licensing Rights, opens new tab SINGAPORE, March 19 (Reuters) - Samsonite (1910.HK), opens new tabshareholders on Thursday approved a set of resolutions designed to ...

Core Viewpoint - Nasdaq Texas officially launched with a ceremony at The Alamo, marking a significant milestone for the exchange and its commitment to Texas' economic growth and capital formation [1][2][3] Group 1: Launch and Significance - Nasdaq Texas is now fully operational as a dual listing exchange, legally domiciled in Texas, reflecting a long-term commitment to the state's economic leadership [3] - The launch coincides with the 190th anniversary of the Battle of the Alamo, symbolizing Texas' legacy of resilience and leadership in capital markets [1][2] Group 2: Features and Offerings - Nasdaq Texas aims to serve companies across various sectors, including technology, energy, industrials, life sciences, and financial services, providing access to deep liquidity and advanced market technology [4] - The exchange allows U.S. public companies to leverage Texas' business-friendly environment while maintaining access to Nasdaq's global platform and services [10][11] Group 3: First Cohort of Dual Listings - The inaugural group of companies dual listing on Nasdaq Texas includes APA Corporation, Construction Partners Inc., J.B. Hunt Transportation Services, Huntington Bancshares, and ProFrac Services [5][7] - Nasdaq, Inc. will also dual list on Nasdaq Texas, demonstrating confidence in the platform and aligning with the same structure offered to issuers [5] Group 4: Executive Commentary - Nasdaq's leadership emphasizes the importance of aligning with Texas' growth and resilience, highlighting the exchange's role in supporting companies that contribute to the U.S. economy [6][9] - Executives from participating companies express pride in being part of this historic launch and the opportunities it presents for growth and innovation in Texas [8][9]

Core Viewpoint - Palo Alto Networks reported fiscal second-quarter results that exceeded Wall Street estimates for both earnings and revenue, but lowered its full-year profit guidance, resulting in a more than 7% decline in shares during after-hours trading [1]. Financial Performance - For fiscal Q2 2026, Palo Alto generated earnings of $1.03 per share on revenue of $2.59 billion, surpassing analyst expectations of $0.94 per share and $2.58 billion in revenue [2]. - The company reduced its fiscal 2026 full-year earnings guidance to a range of $3.65 to $3.70 per share, down from a prior outlook of $3.80 to $3.90, while the consensus estimate was $3.87 [5]. - Palo Alto raised its full-year revenue forecast to between $11.28 billion and $11.31 billion, an increase from the previous range of $10.50 billion to $10.54 billion, exceeding expectations [5]. - For the current quarter, the company projected earnings per share of $0.78 to $0.80 on revenue between $2.941 billion and $2.945 billion, while analysts had expected earnings of $0.92 per share on revenue of $2.61 billion [6]. Business Operations - Palo Alto Networks offers a wide range of cybersecurity solutions, including firewalls, threat intelligence, zero-trust architecture, and secure access service edge (SASE) solutions [3]. - The company serves a significant client base, including nine of the ten Fortune 10 companies, eight of the ten largest U.S. banks, and six of the world's ten largest oil and gas companies [3]. - Recently, Palo Alto completed a $25 billion acquisition of Israel-based CyberArk and announced plans for a dual listing of its shares on the Tel Aviv Stock Exchange [4].

Core Viewpoint - Genius Group Limited has appointed DLA Piper as an advisor for its application for a dual listing on the Australian Securities Exchange (ASX) to enhance shareholder value and accessibility [1][5]. Group 1: Dual Listing Process - The Board of Directors approved the pursuit of a dual listing on August 8, 2025, focusing on enhancing shareholder value and accessibility [2]. - The Company has shortlisted three potential exchanges: ASX, KRX (South Korea), and HKEX (Hong Kong), ultimately selecting ASX as the preferred venue [3][4]. - DLA Piper will prepare and lodge an In Principle Advice Application with ASX within the next 45 days, with the dual listing process expected to take approximately four months, pending ASX approval [5][6]. Group 2: ASX Advantages - ASX provides a streamlined pathway for NYSE Amex listed companies to access a deep Asia-Pacific investor base while maintaining their primary U.S. listing [3]. - The ASX framework allows for trading through CHESS Depositary Interests (CDIs), enabling local investors to trade economic interests in GNS shares registered in the U.S. [4]. - ASX has over 2,000 listed entities and a daily trading volume exceeding US$3 billion, making it an ideal exchange for an international education company like Genius Group [7]. Group 3: Company Overview - Genius Group is a Bitcoin-first business offering AI-powered education and acceleration solutions, serving 6 million users across over 100 countries [8]. - The Company focuses on personalized, entrepreneurial AI pathways that integrate human talent with AI skills and solutions at various levels, including individual, enterprise, and government [8].

Core Viewpoint - Asante Gold Corporation is initiating the process to dual list its securities on the Australian Securities Exchange (ASX) to enhance its shareholder base and trading liquidity, aiming for a listing in early 2026 [1][2]. Company Overview - Asante Gold Corporation is a gold exploration, development, and operating company with a portfolio of projects and mines in Ghana, including the Bibiani and Chirano Gold Mines [3]. - The company is also conducting technical studies at its Kubi Gold Project and exploring additional projects such as Keyhole, Fahiakoba, and Betenase, all located in Ghana's Golden Triangle [3]. Listing Strategy - The dual listing on the ASX is intended to broaden Asante's investor base and increase visibility among Australian and Asia-Pacific investors, leveraging the strong mining-sector expertise in that market [2][3]. - The company has filed a Suitability Application with the ASX and is collaborating with Australian advisors to prepare the necessary listing materials [2]. Leadership Perspective - The President and CEO of Asante, Dave Anthony, emphasized that the ASX listing will align Asante with peer African and global gold producers, aiming to expand the institutional shareholder base in Australia [3].

Core Insights - Revolut is exploring a dual listing in London and New York, potentially valuing the company at around $75 billion, which would position it among the most valuable companies on the London Stock Exchange [1][7] - If successful, Revolut would become the first company to simultaneously join the FTSE 100 index in London while listing in New York, with a market cap equivalent to £55 billion, ranking it among the top 15 listed firms in the UK [2][7] Company Background - Founded by Nik Storonsky, Revolut has transformed from a travel-focused prepaid card provider into Europe's most valuable private fintech, offering services such as crypto trading, hotel bookings, and business accounts, serving 65 million users globally, including 12 million in the UK [3] - Despite previous criticisms of London's listing environment, Storonsky has shown openness to a UK listing if conditions improve [3] Regulatory Environment - Recent regulatory changes allow companies like Revolut to be fast-tracked into the FTSE 100 within five days, facilitating index-tracking fund participation in IPOs [4] - Political support has been evident, with UK Chancellor Rachel Reeves promoting Britain as "the best place to do business" during the launch of Revolut's new headquarters [4] Industry Context - The momentum for crypto-related public offerings is increasing, as seen with BitGo's recent IPO filing, indicating a growing interest in digital asset companies going public [6]

Group 1 - Carro, Southeast Asia's largest used-car online marketplace, has raised $60 million in a funding round led by Japan's Cool Japan Fund to promote Japanese cars in the Asia-Pacific region [1][3] - The company is planning to expand into Australia and is considering a dual listing, with a potential U.S. initial public offering valued at over $3 billion [2][3] - Carro operates a digital platform for buying and selling vehicles, offering additional services such as insurance and financing, and is backed by investors including Temasek and SoftBank Group [3] Group 2 - The investment from Cool Japan Fund aims to increase overseas demand for Japanese products and services, particularly in the automotive sector [3] - Carro has a presence in multiple markets including Singapore, Malaysia, Indonesia, Thailand, Japan, Taiwan, and Hong Kong [2] - If Carro proceeds with its U.S. IPO, it would be the largest Southeast Asian listing in the U.S. since SEA's debut in 2017 [2]

Core Viewpoint - Payments company Wise is considering becoming a full-fledged bank in the United Kingdom, with plans still in early stages and no banking license application submitted yet [2][3]. Group 1: Company Developments - Wise has been in discussions with experienced financial services executives regarding roles in a potential banking business over the last two months [2]. - The company, originally known as TransferWise, rebranded to Wise in February 2021 to reflect its expanded services, including bank-like offerings such as debit cards and multi-currency accounts [2]. - Wise is currently operating under electronic money rules, which means customer funds cannot be used for lending and must be ring-fenced [3]. Group 2: Strategic Implications - A banking license would allow Wise to convert safeguarded funds into deposits, enabling them to recycle these into lending opportunities [4]. - Obtaining a banking license would provide Wise with direct access to the U.K.'s payment infrastructure, reducing reliance on third-party banks for clearing and settlement, which could lower costs and operational complexity [4]. Group 3: U.S. Market Moves - In June, Wise applied to become a national trust bank in the United States, allowing it to settle dollar payments directly with the Federal Reserve, potentially reducing costs and speeding up transfers [4]. - The company announced plans to move its primary listing to a U.S. stock exchange while maintaining a secondary listing on the London Stock Exchange, which Wise co-founder and CEO Kristo Käärmann stated would bring substantial strategic and capital market benefits [5][6]. - The dual listing aims to enhance awareness of Wise in the U.S., which is viewed as the largest market opportunity for its products, and to provide better access to deep and liquid capital markets [6].

Core Viewpoint - Jeffs' Brands Ltd is initiating the process to list its ordinary shares on the Frankfurt Stock Exchange to enhance visibility and trading liquidity in Europe [1][3]. Group 1: Listing Announcement - The board of directors of Jeffs' Brands has resolved to commence the application process for trading its ordinary shares on the Frankfurt Stock Exchange [1]. - The company's ordinary shares and public warrants will continue to trade on the Nasdaq Capital Market under the symbols JFBR and JFBRW, respectively [2]. Group 2: Strategic Intent - The potential dual listing on the Frankfurt Stock Exchange is aimed at broadening the company's investor base and creating new opportunities by exposing it to European institutional and retail investors [3]. - The company believes that this strategic step may significantly enhance its visibility and trading liquidity in Europe [3]. Group 3: Listing Process Considerations - The timing of the listing process will depend on various factors, including overall market conditions and the company's ability to meet the Frankfurt Stock Exchange listing criteria [4]. - There is no assurance that the company's application will be approved or that a trading market will develop [4]. Group 4: Company Overview - Jeffs' Brands aims to transform e-commerce by creating and acquiring products to become market leaders, leveraging insights into the FBA Amazon business model [5]. - The company utilizes both human capability and advanced technology to enhance product offerings [5].

Core Viewpoint - Vistra announced the dual listing of its common stock on NYSE Texas, effective August 19, 2025, enhancing its presence in the financial market [1]. Group 1: Company Overview - Vistra is a leading integrated retail electricity and power generation company based in Irving, Texas, providing essential resources across the United States from California to Maine [4]. - The company operates a diverse power generation fleet, including natural gas, nuclear, coal, solar, and battery energy storage facilities, focusing on reliability, affordability, and sustainability [4]. Group 2: Strategic Moves - Vistra has become a Founding Member of NYSE Texas, reflecting its long-standing Texas roots dating back to 1882 [2]. - The company will continue to trade under the ticker symbol "VST" on both NYSE and NYSE Texas, maintaining its primary exchange on NYSE [3]. Group 3: Industry Context - The establishment of NYSE Texas aims to position Texas as a leading global financial hub, aligning with Vistra's commitment to the state's economic growth [2]. - The dual listing is expected to enhance Vistra's visibility and accessibility to investors, further solidifying its market position [1][3].