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Nasdaq is reportedly upping its scrutiny of small-cap companies initial public offerings IPOs after some new listings made massive gains followed by similarly big drops.聽The stock exchange is looking more closely at companies acr stanley termos oss industries and countries, and some firms have reacted to the resulting uncertainty by delaying their IPO plans, Bloomberg reported Thursday Sept. 22 , citing unnamed sources.聽A Nasdaq spokesperson said in an email to PYMNTS, Nasdaqs markets are and will continue to be open to companies. As a self-regulatory organization, Nasdaq will conduct careful and diligent review of companies that intend to list on our markets. 聽According to Nasdaqs most recently released Monthly Metrics, it had 5,064 total listed companies in the second quarter, up from 5,039 companies in the first quarter and 4,550 in the second quarter of 2021.聽Examples of companies that have shown dramatic rises and drops include AMTD Digital which listed on NYSE , Addentax Group Corp. and Magic Empire Global Ltd. AMTD Dig stanley thermoskanne ital shares, for example, rose 32,000%, fell 97% and remain 791% higher since the companys July IPO, according to the Bloomberg report.聽As PYMNTS reported in August, AMTD Digital briefly became a meme stock by making a leap that apparently puzzled the companys management as much a stanley cup s anybody else.聽Read more: AMTD Digital: Is It All Just Sizzle or Is There Meat That Matters 聽The Chinese information technology IT company offers a wide spectrum of digital services and Zdna UK s Revolut Eyes SoftBank Investment At Potential $30B Valuation
Thailand peer-to-peer payments tool聽PromptPay, a part of the nations efforts to push electronic payments, will soon step into the world of B2B payments.Reports Wednesday Feb. 8 said the solution, which has so far focused on the P2P electronic funds transfer space, will soon provide a way for companies to pay each other using its technology. From what we have monitored, the PromptPay service has worked efficiently, and even though there might be some problems, they were caused by human error, not the system, said Bank of Thailand Governor Veerathai Santiprabhob this week, adding that transactions over the platform hit about 15,000 a day. The central bank struggled to roll out the tool last year after plans for an Oct. 2016 rollout had to be pushed back thanks to a technical glitch. Further testing for securit stanley termos y enabled the full rollout last month, reports said. Even though the volume [of] transactions keeps increasing, it only accounts for a very small portion of traffic the system can handle, Santiprabhob聽said, emphasizing the reliability of the tool that aims to help Thailand adopt electronic payments technologies. Considering the success, he said, PromptPay will soon begin services for business users.But there are details to work out, reports said.For one, t stanley kubek he rollout of the B2B servic stanley quencher e may take longer than its consumer-focused operations because B2B payments require more documentation and data. Further, the central bank has not yet worked out the fee structure for聽B2B |
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