U.S. Treasury Secretary Scott Bessent issued a stark warning, asserting that the ongoing government shutdown is not only politically motivated but also poses serious economic issues for America, including the stalling of major Initial Public Offerings (IPOs).Government Shutdown Affecting IPOs On Wall StreetIn an interview with Fox Business on Monday, Bessent directly blamed Democrats, stating, “the American people are being held hostage by Chuck Schumer’s poll numbers.”Beyond the immediate political theater ...

Initial public offerings in India could raise as much as $20 billion over the next 12 months, helping the country to cement its position as one of the world’s busiest listings markets, according to Citigroup Inc.IPOs have already fetched $12 billion in India this year, with another $5 billion set to be added this month alone thanks in part to Tata Capital Ltd. and LG Electronics Inc.’s Indian arm, which both start trading next week. “India is likely to be the world’s most active ECM market along with Hong K ...

Core Insights - Mainland Chinese technology firms are increasingly planning to list in Hong Kong to expand internationally and transform into global businesses [1][4] - The interest in Hong Kong listings indicates the city's regained status as the world's largest market for initial public offerings (IPOs) in 2023 [2][5] Group 1: Market Trends - The Hong Kong market has experienced a strong rally this year, driven by international investors seeking opportunities in mainland technology companies, especially in semiconductors, AI, and robotics [3][4] - As of the latest data, around 60 companies have raised a total of US$18.5 billion in Hong Kong, marking a 158% increase from the previous year [4] Group 2: Company Activities - Companies like China Micro Semicon, Suzhou Dongshan Precision Manufacturing, and Mech-Mind Robotics Technologies are among those looking to list in Hong Kong [1] - China Micro Semicon has filed a listing application to the main board of Hong Kong Exchanges and Clearing, aiming to leverage Hong Kong's strategic position for international market access and to establish a global operations and R&D center [6][7]

Core Viewpoint - Jefferies analysts believe that the digital asset ecosystem is in its early stages, akin to the internet in 1996, indicating significant growth potential ahead [2][3]. Institutional Interest - Jefferies has launched full coverage of the digital assets sector and is witnessing strong and diverse interest from institutional clients [2][4]. - A common inquiry from clients is whether it is too late to invest, to which analysts respond that the next phase of growth has just begun [2][3]. Market Context - The comparison to 1996 highlights a time when the internet was gaining mainstream traction, with companies like Amazon and Netscape emerging [3]. - Currently, only a limited number of traditional funds have exposure to the crypto industry, but this is changing, which is viewed positively [3]. Investment Strategies - Clients are actively developing investment strategies that include allocations across tokens, ETFs, digital asset treasury companies (DATs), and public companies with crypto exposure [4][6]. - Jefferies analysts emphasize that focusing solely on Bitcoin may distract from the broader disruptive potential of blockchain technology across various industries [5]. Short-term and Long-term Opportunities - The potential for short-term bullish trends is seen in the adoption of ETFs and DATs, which could facilitate institutional investments and increase demand for tokens [6]. - Long-term bullish cases in the digital asset sector include tokenization and initial public offerings (IPOs) [7].