The stock has steadily fallen from the euphoric post-IPO high, showing that markets may be sobering up to the promises CEO Elon Musk made before and after SpaceX went public.

Shein was valued at US$66 billion in 2023 after peaking at US$100 billion in 2022.

Zetwerk serves sectors like energy, aerospace, defence, and industrial commodities.

Momenta said it expects to announce share allocations by July 7 and start trading on July 8.

Hong Kong's equity issuance rose 29% to nearly US$44 billion in H1 2026, led by battery and circuit-board makers.

Kunlunxin's P800 chip is gaining traction in data centers run by Chinese state-owned firms.