Japan’s most popular taxi-hailing app provider Go Inc. priced its initial public offering at the upper end of the marketed range, showing investor appetite for Japan’s biggest listing so far this year. Shareholders in the Goldman Sachs Group Inc.-backed firm sold shares at ¥2,400 apiece, according to a regulatory filing on Monday, raising ¥88.6 billion ($553 million) for a market value of ¥186 bil...
Japan’s most popular taxi-hailing app provider Go Inc. priced its initial public offering at the upper end of the marketed range, showing investor appetite for Japan’s biggest listing so far this year. Shareholders in the Goldman Sachs Group Inc.-backed firm sold shares at ¥2,400 apiece, according to a regulatory filing on Monday, raising ¥88.6 billion ($553 million) for a market value of ¥186 billion. Go had sought a range of ¥2,350 to ¥2,400. It’s set to start trading on June 16. A successful listing may offer a much-needed tailwind for the nation’s quiet IPO market. Proceeds this year have dropped to ¥54 billion, excluding Go IPO, the least in four years, according to Bloomberg-compiled data. There have been only 15 listings, the fewest since 2011. Go manages the most widely-used taxi booking app in Japan. Its competitors include Uber Technologies Inc., China-based Didi Global Inc. and local provider S.Ride Inc., in which Sony Group Corp. has invested. Goldman invested ¥10 billion in 2023 in a deal valuing Go at ¥135 billion. Global investors such as BlackRock, Wellington Management and M&G Investment Management have expressed interest to buy shares. Nomura Holdings Inc., Goldman and Bank of America Corp. are the joint global coordinators of the offering. For the latest news on equity capital markets activity in the Asia-Pacific region, follow the channel or visit NI BFWECMAS . To subscribe to ECM Watch , Bloomberg’s daily roundup of news from around the region, click here .
Still overwhelmingly bullish on Wall Street despite a 90% surge! Micron Technology (MU.US) sees its price target doubled by two major institutions. Moomoo
Still overwhelmingly bullish on Wall Street despite a 90% surge! Micron Technology (MU.US) sees its price target doubled by two major institutions. Moomoo
Apple has reached a turning point. When CEO Tim Cook delivers the keynote address at the company’s Worldwide Developers Conference on Monday, it will likely be his last major public act as chief executive.
Apple has reached a turning point. When CEO Tim Cook delivers the keynote address at the company’s Worldwide Developers Conference on Monday, it will likely be his last major public act as chief executive.
SHENZHEN, China, June 08, 2026 (GLOBE NEWSWIRE) -- Yeahka Limited (Yeahka, Stock Code: 9923.HK) released its first quarter 2026 business update on June 5, coinciding with its Annual General Meeting. The Company achieved substantial commercialization progress across all business lines during the quarter, with overseas gross payment volume (GPV) growing approximately four times year-on-year, and the...
SHENZHEN, China, June 08, 2026 (GLOBE NEWSWIRE) -- Yeahka Limited (Yeahka, Stock Code: 9923.HK) released its first quarter 2026 business update on June 5, coinciding with its Annual General Meeting. The Company achieved substantial commercialization progress across all business lines during the quarter, with overseas gross payment volume (GPV) growing approximately four times year-on-year, and the proportion of overseas profit contribution to the overall payment business exceeding 10% for the first time, reaching a record high.
Luis Alvarez/DigitalVision via Getty Images Investment Thesis Note: This is an update to my previous article . Kits Eyecare ( KITS:CA ) dropped more than 20% in the days following the company's latest earnings report, but they have since recovered much of those losses. After revisiting the story, I think the glasses category looks stronger today, gross margins are moving in the right direction, an...
Luis Alvarez/DigitalVision via Getty Images Investment Thesis Note: This is an update to my previous article . Kits Eyecare ( KITS:CA ) dropped more than 20% in the days following the company's latest earnings report, but they have since recovered much of those losses. After revisiting the story, I think the glasses category looks stronger today, gross margins are moving in the right direction, and management even announced a buyback plan for up to 5% of the company. There are things to like here, but I think the potential return is no longer as attractive as it was when the stock briefly traded at C$11-12 after earnings. With shares having recovered, I'm leaning towards a Hold rating. Looking Beyond the Headline Numbers At the beginning of May, the company reported Q1 2026 results . While the shares have since recovered, they initially fell 24% in just 9 trading days following the earnings release! The quarter was pretty much in line with what analysts expected , with revenue beating by just 0.1% and EPS matching estimates. In my view, that may help explain the selloff because growth stocks need to exceed expectations, not simply meet them, as much of the expected growth is already priced into the shares (that's why growth stocks usually trade at high multiples). This leaves less room for positive surprises and can result in a market reaction like the one KITS experienced. In the quarter, sales grew 23% year-over-year or 27% on a constant currency basis, reaching $57.5 million. On the profitability side, Net Income increased by 23.2% to $2.0 million compared to $1.6 million a year ago. Q1 2026 Estimate Actual Beat Revenue $57.40M $57.47M 0.12% EPS GAAP $0.06 $0.06 0.00% Click to enlarge But there's a catch on the meet in expectation of profitability: a one-off tariff refund . With everything caused by Trump and his tariffs, many companies ended up getting refunds for the tariffs they had spent between the United States and Canada, as was the case with KITS. The fig...