Chinese Stock’s 13,000% Surge Creates Another US IPO Mystery

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Chinese Stock’s 13,000% Surge Creates Another US IPO Mystery

Bloomberg2022-09-01

Addentax’s shares soared, bringing market cap to $20 billionCompany is now valued at more than several S&P 500 firmsAnother Chinese firm is baffling investors with massive gains on its first day of ...

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NEWBIE
·2022-09-20
Ok
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1
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Rjn828
·2022-09-15
[Speechless]
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Nelliebear
·2022-09-15
💪 Keep going
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1
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Bspn
·2022-09-01
K
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1
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huathuatlai
·2022-09-01
Wat the
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2
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- huathuatlai:
  pump dump?
  2022-09-01
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Jeremysee
·2022-09-01
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6
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- Jeremysee:
  Up
  2022-09-01
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Yappy
·2022-09-01
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5
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- Mad Hatter:
  Ok
  2022-09-01
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xiaobaii
·2022-09-01
like & comment please
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8
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- KlWong:
  Ok
  2022-09-01
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xiaobaii
·2022-09-01
like & comment please
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4
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- KPTan:
  ok
  2022-09-01
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Upz
·2022-09-01
Like pls
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7
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- Yappy:
  k
  2022-09-01
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- Upz:
  Ok
  2022-09-01
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Tiongwee
·2022-09-01
Like
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7
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TigerRon
·2022-09-01
Omg
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Squ00
·2022-09-01
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9
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- Hi001:
  Ok
  2022-09-01
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- Squ00Replying tolesing:
  Thanks
  2022-09-01
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- Squ00:
  Ok
  2022-09-01
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simis
·2022-09-01
Like pls
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- Tiongwee:
  Like
  2022-09-01
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- JenneyJJ:
  Done
  2022-09-01
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- simis:
  Ok
  2022-09-01
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Leo_T
·2022-09-01
Like pls
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4
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iamateh
·2022-09-01
wow
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kuppi
·2022-09-01
Unpredictable
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kuppi
·2022-09-01
Un predic
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3
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WR38
·2022-09-01
Wow
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- Leo_T:
  K
  2022-09-01
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AceofSpade
·2022-09-01
Short
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Its market capitalization has ballooned to $20 billion, making it bigger than about a third of S&P 500 Index members.Addentax, which lists garment manufacturing and logistics services among its key businesses, is at least the eighth firm this year from Hong Kong or China to experience similarly surprising moves following initial public offerings in the US. The Nevada-based holding company did not immediately respond to an emailed seeking comment and calls to numbers listed on its website went unanswered.AMTD Digital and Magic Empire, both of which are financial services companies based in Hong Kong, made headlines earlier this quarter as shares mysteriously soared by thousands of percent despite opaque fundamentals, before the rallies fizzled out. 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