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IPO bargain basement ‘just the place to be’

Swathes of shuttered stores. Customers slamming their wallets shut. Amazon.com Inc lurking in the background. It doesn’t look like the ideal time for a retailer to go public. But that’s what TheWorks.co.uk Plc is planning to do. It’s a brave decision given the crisis engulfing bricks-and-mortar retailers, but TheWorks is right to press ahead. That’s because the company, which was ...

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Beijing loves Xiaomi, just in its own special way

Xiaomi Corp has caught a lot of breaks from Hong Kong and its stock exchange. China isn’t playing ball. Yet. The Hong Kong-Xiaomi relationship is crucial, and symbiotic. For one, Hong Kong Exchanges & Clearing Ltd ended a ban on dual-class listings that allowed founder Lei Jun to keep control of the smartphone maker and have his IPO too. It ...

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Global growth peaked with a whimper, not a bang

That was the high point? We’ve probably seen the best of global growth for this cycle, but the peak wasn’t marked by the traditional catalysts for a slowdown like higher interest rates or a financial blowup. Instead it’s a different scene in each of the biggest economies — with the US powering ahead, Europe and Japan drifting after a stellar ...

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