Circuit-Board Maker Victory Giant Is Said to Consider Hong Kong Listing
The maker of printed circuit boards is working with advisers on a potential second share sale that may take place as soon as this year, the people said, asking not to be identified because the information is private.
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New York Times
5 minutes ago
- New York Times
Chinese and European Leaders Meet Amid Grievances on Trade
The European Union has sent the president of the European Commission, Ursula von der Leyen, and other top officials to Beijing for a high-profile, high-stakes summit on Thursday with their Chinese counterparts, complete with nods to the 50-year anniversary of their diplomatic ties. Both sides came with long lists of grievances over trade. The Europeans want an end to the flood of Chinese exports that they insist is unfairly bolstered by government financial support. The Chinese angrily deny the allegations and want the European Union to lift tariffs and embrace trade with China. Neither European Union leaders nor Chinese officials said they expected the summit to resolve their many differences, which also include an intense disagreement over China's support for Russia and its war in Ukraine. Beijing wants the European Union to rescind its tariffs on electric cars from China and take other measures to allow more Chinese exports into the continent. But European leaders have made clear that they want to address many serious concerns about China's recent policies. They are upset that China's state-owned banks are lending at low interest rates to the country's manufacturers. The resulting overflow of inexpensive goods has pushed up China's trade surplus with the European Union to more than $350 billion. Want all of The Times? Subscribe.
Business Wire
6 minutes ago
- Business Wire
Accelerant Holdings Announces Pricing of Upsized Initial Public Offering
ATLANTA--(BUSINESS WIRE)--Accelerant Holdings ('Accelerant') announced today the pricing of its upsized initial public offering of 34,461,152 of its Class A common shares, par value $0.0000011951862 per share (the 'Common Shares'), at a price to the public of $21.00 per Common Share. The offering consists of 20,276,280 Common Shares offered by Accelerant and 14,184,872 Common Shares to be sold by certain of Accelerant's existing shareholders (the 'Selling Shareholders'). In connection with the offering, certain of the Selling Shareholders have granted the underwriters a 30-day option to purchase up to an additional 5,169,172 Common Shares. Accelerant will not receive any proceeds from the sale of Common Shares by the Selling Shareholders. The Common Shares are expected to begin trading on the New York Stock Exchange under the ticker symbol 'ARX' on July 24, 2025, and the offering is expected to close on July 25, 2025, subject to the satisfaction of customary closing conditions. Morgan Stanley & Co. LLC is acting as lead left active bookrunner, Goldman Sachs & Co. LLC is acting as lead right active bookrunner, and BMO Capital Markets Corp. and RBC Capital Markets, LLC are acting as active bookrunners for the offering. Wells Fargo Securities, LLC, Piper Sandler & Co., William Blair & Company, L.L.C., Raymond James & Associates, Inc. and TD Securities (USA) LLC are acting as bookrunners. Citizens Capital Markets and FT Partners are acting as co-managers. The offering of Accelerant's Common Shares is being made only by means of a prospectus. When available, copies of the final prospectus relating to the offering may be obtained for free by visiting EDGAR on the U.S. Securities and Exchange Commission's (the 'SEC') website at Alternatively, copies of the final prospectus may be obtained from: Morgan Stanley & Co. LLC, Attention: Prospectus Department, 180 Varick Street, 2nd Floor, New York, NY 10014 or by email at prospectus@ Goldman Sachs & Co. LLC, Attention: Prospectus Department, 200 West Street, New York, NY 10282, by telephone at (866) 471-2526, or by email at prospectus-ny@ BMO Capital Markets Corp., Attention: Equity Syndicate Department, 151 W 42nd Street, 32nd Floor, New York, NY 10036, by telephone at (800) 414-3627, or by email at bmoprospectus@ RBC Capital Markets, LLC, Attention: Equity Capital Markets, 200 Vesey Street, 8th Floor, New York, NY 10281, by telephone at (877) 822-4089, or by email at equityprospectus@ A registration statement on Form S-1 relating to the Common Shares was declared effective by the SEC on July 23, 2025. This press release does not constitute an offer to sell or the solicitation of an offer to buy Common Shares, and shall not constitute an offer, solicitation or sale in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of that state or jurisdiction. ABOUT ACCELERANT Accelerant is a data-driven risk exchange connecting underwriters of specialty insurance risk with risk capital providers. Accelerant was founded in 2018 by a group of longtime insurance industry executives and technology experts who shared a vision of rebuilding the way risk is exchanged – so that it works better, for everyone. The Accelerant risk exchange does business across 22 different countries and more than 500 specialty insurance products.
Bloomberg
21 minutes ago
- Bloomberg
China State Fund Pumped $28 Billion Into ETFs as Turmoil Raged
Chinese sovereign wealth fund Central Huijin Investment Ltd. pumped around 197.5 billion yuan ($27.6 billion) into exchange-traded funds in the second quarter, pushing back against a stock market rout that followed US President Donald Trump's tariff announcements. The fund stuck with its favorite ETFs tracking broad gauges, with more than half of its flows going into those that follow the benchmark CSI 300 Index. The index, which suffered a one-day loss of around 7% on April 7 as Trump's tariff moves pushed global markets into a tailspin, ultimately ended the quarter higher than it started.
