technology industry

The world's top IPO venue for 2018 sees worst returns in decade

(Dec 19): Hong Kong is host to the world’s busiest venue for initial public offerings this year. And the worst losses in a decade.

A boom in technology listings has propelled local deal value to US$35.7 billion ($49.1 billion), ahead of the New York Stock Exchange, according to data compiled by Bloomberg. Yet companies that raised at least US$100 million dropped 6.2% in their first month of trading on average, the worst return since 2008. Weighted by IPO size, losses reached a record 6.9%, according to data going back to 1994.

Amazon helps ex-Googler turn mom's money into a billion dollars

(May 22): After Steven Yang left his coveted job at Google, he asked his mother whether he should take venture-capital money to fund his business idea.

If his online consumer-electronics enterprise was a risky bet, she told him, go with the venture capitalists. But if building the business into something great was his destiny, he instead should use her money from a pharmaceutical career in China.

Can Broadcom recover from its biggest M&A setback?

SINGAPORE (Mar 16): When Tan Hock Eng, CEO of Broadcom, announced last November his company was redomiciling to the US, President Donald Trump praised him as “a great, great executive” and called Broadcom “one of the really great, great companies”.

Within hours of the White House meeting, Tan launched the largest takeover deal in tech’s history, a US$117 billion ($153 billion) cash-and-share bid for rival Qualcomm, known for its baseband 4G chips used in smartphones.

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