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Koyuki

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- KoyukiKoyuki
  ·2022-08-11
  ah dont want to cash out.
  Bankers Turned Billionaires for an Instant, Then Came 89% Crash
  Founders of Magic Empire saw fortunes briefly rise after IPOLatest Hong Kong stock to show baffling
  Bankers Turned Billionaires for an Instant, Then Came 89% Crash
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- KoyukiKoyuki
  ·2022-08-02
  $Li Auto(LI)$Z
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- KoyukiKoyuki
  ·2022-08-02
  $Ford(F)$Z
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- KoyukiKoyuki
  ·2022-08-01
  $GOGOX(02246)$Z
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- KoyukiKoyuki
  ·2022-08-01
  $Ford(F)$Z
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- KoyukiKoyuki
  ·2022-07-29
  Ok
  @Sushil：
  $F 20220916 16.0 CALL$coming back
  $F 20220916 16.0 CALL$coming back
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- KoyukiKoyuki
  ·2022-07-29
  $Ford(F)$Z
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- KoyukiKoyuki
  ·2022-07-29
  $Ford(F)$Z
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- KoyukiKoyuki
  ·2022-07-26
  $Grab Holdings(GRAB)$S
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- KoyukiKoyuki
  ·2022-07-26
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dont want to cash out.","listText":"ah dont want to cash out.","text":"ah dont want to cash out.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9907400460","repostId":"2258266629","repostType":2,"repost":{"id":"2258266629","pubTimestamp":1660111773,"share":"https://ttm.financial/m/news/2258266629?lang=&edition=fundamental","pubTime":"2022-08-10 14:09","market":"us","language":"en","title":"Bankers Turned Billionaires for an Instant, Then Came 89% Crash","url":"https://stock-news.laohu8.com/highlight/detail?id=2258266629","media":"Bloomberg","summary":"Founders of Magic Empire saw fortunes briefly rise after IPOLatest Hong Kong stock to show baffling ","content":"<html><head></head><body><ul><li>Founders of Magic Empire saw fortunes briefly rise after IPO</li><li>Latest Hong Kong stock to show baffling surge on US debut</li></ul><p>Two founders of a little-known Hong Kong investment bank briefly became billionaires in recent days following a baffling stock surge, only to see their paper fortunes quickly tumble when the shares plunged.</p><p>Magic Empire Global Ltd., which provides underwriting and advisory services and has helped just one company go public in two years, soared as much as 6,149% since debuting in the US on Friday, giving it a market value of $5 billion at one point.</p><p>That meant co-founders Gilbert Chan and Johnson Chen had stakes worth $1.8 billion and $1.3 billion, respectively, according to data compiled by Bloomberg. The duo together controls about 63% of the firm.</p><p>However, the stock dived 89% on Tuesday to close at $12.32, merely three times higher than its $4 initial public offering price. Chan’s stake is now worth about $90 million and Johnson’s is valued at $65 million.</p><p><img src=\"https://static.tigerbbs.com/e6cca967b15d1a64dd97cb6626d522de\" tg-width=\"930\" tg-height=\"523\" width=\"100%\" height=\"auto\"/></p><p>Magic Empire is the latest in a series of inexplicable moves following IPOs in the US of companies from China or Hong Kong, places that have sometimes produced billionaires in mysterious ways. The advisory firm had just nine employees by the end of last year and reported that revenue fell 17% to $2.2 million in 2021. Since its inception in 2016, it completed eight listings -- one of them has since delisted and the others are trading below their IPO price.</p><p>Chan, Magic Empire’s chairman, studied accounting at the Chinese University of Hong Kong and worked as an auditor before spending nine years in the corporate-finance division of CCB International Capital Ltd. Chen, the firm’s chief executive officer and Chan’s former university classmate, was an auditor at KPMG before joining Guotai Junan Capital Ltd.</p><p>The two, both 41 as of the Aug. 4 IPO prospectus, believed there was a lack of corporate-finance advisers for small and medium-sized companies in Hong Kong and created Giraffe Capital Ltd., Magic Empire’s operating entity. The name was inspired by Chan’s son, who loves the animal, Chan said during an interview at the Hong Kong Institute of Certified Public Accountants last year.</p><p><img src=\"https://static.tigerbbs.com/d9c7c4fe808ebda36c73a6ede06f21c4\" tg-width=\"974\" tg-height=\"537\" width=\"100%\" height=\"auto\"/></p><p>Chan holds a 36.8% stake in the company, while Chen owns 26.3%.</p><p>A representative for Magic Empire declined to comment on the share performance and the founders’ wealth.</p><p>Last week, AMTD Digital Inc. briefly became bigger than Goldman Sachs Group Inc. and almost all of the world’s financial firms despite reporting revenue of just $25 million for the year ended April 2021. At least five other companies, including Ostin Technology Group Co., Golden Sun Education Group Ltd. and Intelligent Living Application Group Inc., have posted intraday gains of 395% or more on their first day of trading.</p><p>“These volatile stocks have several elements in common: poor liquidity and small market value before the surges,” said Kenny Ng, a strategist at Everbright Securities International in Hong Kong. “Investors should avoid the overspeculation as the current unrealistic price has gone too far from the financial fundamentals.”</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Bankers Turned Billionaires for an Instant, Then Came 89% Crash</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBankers Turned Billionaires for an Instant, Then Came 89% Crash\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-08-10 14:09 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2022-08-10/bankers-turned-billionaires-for-an-instant-then-came-89-crash><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Founders of Magic Empire saw fortunes briefly rise after IPOLatest Hong Kong stock to show baffling surge on US debutTwo founders of a little-known Hong Kong investment bank briefly became ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2022-08-10/bankers-turned-billionaires-for-an-instant-then-came-89-crash\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"MEGL":"智富融资"},"source_url":"https://www.bloomberg.com/news/articles/2022-08-10/bankers-turned-billionaires-for-an-instant-then-came-89-crash","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2258266629","content_text":"Founders of Magic Empire saw fortunes briefly rise after IPOLatest Hong Kong stock to show baffling surge on US debutTwo founders of a little-known Hong Kong investment bank briefly became billionaires in recent days following a baffling stock surge, only to see their paper fortunes quickly tumble when the shares plunged.Magic Empire Global Ltd., which provides underwriting and advisory services and has helped just one company go public in two years, soared as much as 6,149% since debuting in the US on Friday, giving it a market value of $5 billion at one point.That meant co-founders Gilbert Chan and Johnson Chen had stakes worth $1.8 billion and $1.3 billion, respectively, according to data compiled by Bloomberg. The duo together controls about 63% of the firm.However, the stock dived 89% on Tuesday to close at $12.32, merely three times higher than its $4 initial public offering price. Chan’s stake is now worth about $90 million and Johnson’s is valued at $65 million.Magic Empire is the latest in a series of inexplicable moves following IPOs in the US of companies from China or Hong Kong, places that have sometimes produced billionaires in mysterious ways. The advisory firm had just nine employees by the end of last year and reported that revenue fell 17% to $2.2 million in 2021. Since its inception in 2016, it completed eight listings -- one of them has since delisted and the others are trading below their IPO price.Chan, Magic Empire’s chairman, studied accounting at the Chinese University of Hong Kong and worked as an auditor before spending nine years in the corporate-finance division of CCB International Capital Ltd. Chen, the firm’s chief executive officer and Chan’s former university classmate, was an auditor at KPMG before joining Guotai Junan Capital Ltd.The two, both 41 as of the Aug. 4 IPO prospectus, believed there was a lack of corporate-finance advisers for small and medium-sized companies in Hong Kong and created Giraffe Capital Ltd., Magic Empire’s operating entity. The name was inspired by Chan’s son, who loves the animal, Chan said during an interview at the Hong Kong Institute of Certified Public Accountants last year.Chan holds a 36.8% stake in the company, while Chen owns 26.3%.A representative for Magic Empire declined to comment on the share performance and the founders’ wealth.Last week, AMTD Digital Inc. briefly became bigger than Goldman Sachs Group Inc. and almost all of the world’s financial firms despite reporting revenue of just $25 million for the year ended April 2021. At least five other companies, including Ostin Technology Group Co., Golden Sun Education Group Ltd. and Intelligent Living Application Group Inc., have posted intraday gains of 395% or more on their first day of trading.“These volatile stocks have several elements in common: poor liquidity and small market value before the surges,” said Kenny Ng, a strategist at Everbright Securities International in Hong Kong. “Investors should avoid the overspeculation as the current unrealistic price has gone too far from the financial fundamentals.”","news_type":1},"isVote":1,"tweetType":1,"viewCount":186,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9908466346,"gmtCreate":1659417850985,"gmtModify":1705980169499,"author":{"id":"3581996831314825","authorId":"3581996831314825","name":"Koyuki","avatar":"https://static.tigerbbs.com/30e01f5669c54a7e18128188a9718cfc","crmLevel":1,"crmLevelSwitch":1,"followedFlag":false,"idStr":"3581996831314825","authorIdStr":"3581996831314825"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/LI\">$Li Auto(LI)$</a>Z","listText":"<a href=\"https://ttm.financial/S/LI\">$Li Auto(LI)$</a>Z","text":"$Li 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