JPMorgan will create a new team to trade shares of pre-IPO giants including SpaceX, Robinhood and Airbnb. CNBC’s Hugh Son broke the story and joins ‘The Exchange’ to discuss his reporting.
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Is the Chinese Stock Market a Safe Haven for Chinese Tech Companies?
Most Chinese tech companies listed in either the U.S. or Hong Kong experienced a disastrous wave of panic selling. Recently, Stock prices in Hong Kong and China showed significant rebound in their performance after China’s State Council promised to drive the financial markets. While path to an IPO in the Chinese market looks uncertain, we try to see whether Chinese markets are a safe haven for tech companies.
Will GoTo IPO be an encore of Grab & Bukalapak?
GoTo, the largest technology group in Indonesia, is all set to go public on the Indonesia Stock Exchange (IDX). The company aims to raise over $1.1 Bn. The price range for the IPO is set between IDR 316–346 per share, which could give an estimated market capitalisation of about $29 Bn. It is anticipated that the IPO will be one of the biggest milestones in the region for an internet company. Looking at the fate of one of the highly anticipated tech stocks of 2021, Grab, which is facing a continuous downfall, we try to see whether GoTo will follow a similar path?
The Metaverse Fad: Will the trend sustain in the future?
Metaverse is the next big tech innovation that has been creating a buzz lately. It is expected that metaverse will expand across almost every sector in the coming years, creating a market opportunity estimated at over $1 Tn in yearly revenues. In 2021 alone, VCs have poured in more than $10 Bn in companies related to startups. While companies like Niantic, The Sandbox, Decentraland, etc. are already working to catch the market early, we look at the possible use cases of metaverse concept across industries.
