Shanghai, China, Oct. 22, 2025 (GLOBE NEWSWIRE) -- Texxon Holding Limited (the “Company” or “Texxon”), a leading provider of supply chain management services in the plastics and chemical industries in East China, today announced the pricing of its initial public offering (the “Offering”) of 1,900,000 ordinary shares at a public offering price of US$5.00 per ordinary share. The ordinary shares have been approved for listing on the Nasdaq Capital Market and are expected to commence trading on October 22, 2025 ...

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 - Digital banking group NOBA plans to list on Nasdaq Stockholm in Q3 2023 with an anticipated valuation of approximately Skr35bn ($3.74bn) [1][5] Group 1: Listing Plans and Valuation - NOBA is the second major Swedish financial services entity to pursue a public listing in 2023, following Klarna's debut on the New York Stock Exchange [1] - The cornerstone agreements have been secured with OP Cooperative, DNB Asset Management, and Handelsbanken Fonder, involving share subscriptions worth up to Skr3.18bn [2] - The initial public offering (IPO) will reflect an equity value of up to Skr35bn [2] Group 2: Company Background and Growth Potential - NOBA serves over two million customers and is recognized as one of Europe's leading specialist banks with impressive profitable growth [3] - The company operates under the brands Nordax Bank, Bank Norwegian, and Svensk Hypotekspension, and offers credit cards and deposit products across several European countries [4] - NOBA sees substantial growth opportunities in existing markets and plans to expand into corporate banking for SMEs [4] Group 3: Strategic Intentions - The public listing is expected to elevate NOBA's profile and brand while providing new shareholders the opportunity to participate in its growth journey [5]

Core Insights - The payments provider is focusing on educational marketing strategies ahead of its initial public offering this week [1] Company Strategy - The company aims to enhance its marketing approach by making it more educational to attract potential investors [1]

Core Insights - Bank of America (BofA) exceeded profit estimates for the first quarter, driven by increased interest income and strong trading performance amid market volatility related to U.S. tariff policies [1][5][12] - CEO Brian Moynihan expressed confidence in the company's disciplined investments and diverse business model as strengths in a potentially changing economy [2] - The bank's earnings reached $7.4 billion, or 90 cents per share, compared to $6.7 billion, or 76 cents per share, in the same quarter last year, surpassing analyst expectations of 82 cents per share [9][10] Financial Performance - Trading revenue increased by 9%, with equities trading up 17% to a record $2.2 billion, and fixed income, currencies, and commodities rising 5% to $3.5 billion [1][5] - Net interest income (NII) grew 3% to $14.4 billion, supported by lower deposit costs, with a maintained forecast of $15.5 billion to $15.7 billion for the fourth quarter [12] - Investment banking fees fell 3% to $1.5 billion, reflecting a 13% decline in U.S. M&A activity in the first three months of 2025 [14] Market Context - The market environment has been characterized by considerable turbulence due to tariff policies, affecting investment banking sentiment and deal-making activity [3][14] - Despite concerns, the research team at BofA does not anticipate a recession, citing healthy employment and resilient consumer behavior [6] - Competitors like JPMorgan Chase and Goldman Sachs also reported strong trading performance, indicating a broader trend in the banking sector [6]