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On January 12th, GigaDevice Semiconductor (03986.HK) announced that the final offer price was HK$162.00 per H share. The number of shares offered globally was 28,915,800 H shares (subject to the exercise of the over-allotment option), the number of shares offered in Hong Kong was 2,891,600 H shares, and the number of shares offered internationally was 26,024,200 H shares (subject to the exercise of the over-allotment option). The total proceeds from the global offering were approximately HK$4.684 billion. After deducting estimated listing expenses of HK$73.5 million calculated based on the final offer price, the net proceeds were HK$4.611 billion.
Bank of America fell 1.3%, and Wells Fargo fell 1.5%.
Walmart (WMT.N) shares rose 2.7% to a record high as the company is set to be included in the Nasdaq 100 index.
American electric vehicle company Rivian (RIVN.O) has appointed Greg Revel as its chief customer officer.
The Iranian Foreign Minister discussed the protests in Iran with U.S. Special Envoy Witkov.