Overview of Key Events for the New Week
– The largest IPO in history is coming! SpaceX is set to go public
In the coming week, the market will迎来 a series of important events, but the most anticipated remains SpaceX's potential initial public offering (IPO). SpaceX is expected to begin its offering and finalize the price on June 11, with shares scheduled to start trading on June 12 under the ticker symbol " $SPACE EXPLORATION TECHNOLOGIES CORP (SPCX.US)$ " on both Nasdaq and Nasdaq Texas.
SpaceX plans to issue approximately 555.6 million shares at $135 per share, raising $75 billion, implying a valuation of nearly $1.77 trillion.The $75 billion fundraising amount would easily surpass Saudi Aramco's record-setting $29.9 billion IPO in 2019, making it the largest public listing in history.
Additionally, it has been reported that on June 11, SpaceX also plans to host a major investor event, inviting 1,500 retail investors to attend.
According to the Bloomberg Billionaires Index, based on the $135 offering price,Elon Musk's net worth would reach $988 billion, just a step away from becoming the world's first trillionaire. The stock price would need to rise only another 2.2%...
– The largest IPO in history is coming! SpaceX is set to go public
In the coming week, the market will迎来 a series of important events, but the most anticipated remains SpaceX's potential initial public offering (IPO). SpaceX is expected to begin its offering and finalize the price on June 11, with shares scheduled to start trading on June 12 under the ticker symbol " $SPACE EXPLORATION TECHNOLOGIES CORP (SPCX.US)$ " on both Nasdaq and Nasdaq Texas.
SpaceX plans to issue approximately 555.6 million shares at $135 per share, raising $75 billion, implying a valuation of nearly $1.77 trillion.The $75 billion fundraising amount would easily surpass Saudi Aramco's record-setting $29.9 billion IPO in 2019, making it the largest public listing in history.
Additionally, it has been reported that on June 11, SpaceX also plans to host a major investor event, inviting 1,500 retail investors to attend.
According to the Bloomberg Billionaires Index, based on the $135 offering price,Elon Musk's net worth would reach $988 billion, just a step away from becoming the world's first trillionaire. The stock price would need to rise only another 2.2%...
Apple WWDC26 Worldwide Developers Conference
Jun 8 12:00
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Futu News, June 5: $LUNG FUNG GROUP (02290.HK)$ The allotment results have been announced, with a price of HK$5.18 per share, issuing a total of 125 million shares, with each board lot comprising 500 shares. The shares officially listed today.
During the public offering stage, Lung Fung Group received 664.92 times subscription. The final number of shares allocated to the public offering was 12.5 million shares, representing approximately 10% of the total offering. Approximately 133,200 valid applications were received in total, with about 16,359 applications processed. The approximate percentage of applicants who applied for one board lot and were successfully allotted shares was 5% of the total number of shares applied for.
Additionally, during the international placement stage, Lung Fung Group received 3.18 times subscription. The final number of shares allocated to the international offering was 113 million shares, equivalent to 90% of the total offering. Futu News has compiled the relevant data in the table below:
Company Overview
Lung Fung Group is a leading Hong Kong-based retail chain operating under the 'Lung Fung' brand, specializing in cosmetics, health supplements, and pharmaceutical products. As of the latest practicable date, the company operates 31 retail stores in Hong Kong and multiple online sales platforms, focusing on delivering a wide selection of high-value products to customers. With over 30 years of experience, the company has developed a strong capability to effectively identify and respond to consumer demand in the local retail market, establishing itself as a one-stop supplier of cosmetics, health supplements, and pharmaceuticals.
The company possesses strong supply chain procurement capabilities, as of 2025...
During the public offering stage, Lung Fung Group received 664.92 times subscription. The final number of shares allocated to the public offering was 12.5 million shares, representing approximately 10% of the total offering. Approximately 133,200 valid applications were received in total, with about 16,359 applications processed. The approximate percentage of applicants who applied for one board lot and were successfully allotted shares was 5% of the total number of shares applied for.
Additionally, during the international placement stage, Lung Fung Group received 3.18 times subscription. The final number of shares allocated to the international offering was 113 million shares, equivalent to 90% of the total offering. Futu News has compiled the relevant data in the table below:
Company Overview
Lung Fung Group is a leading Hong Kong-based retail chain operating under the 'Lung Fung' brand, specializing in cosmetics, health supplements, and pharmaceutical products. As of the latest practicable date, the company operates 31 retail stores in Hong Kong and multiple online sales platforms, focusing on delivering a wide selection of high-value products to customers. With over 30 years of experience, the company has developed a strong capability to effectively identify and respond to consumer demand in the local retail market, establishing itself as a one-stop supplier of cosmetics, health supplements, and pharmaceuticals.
The company possesses strong supply chain procurement capabilities, as of 2025...
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Futu News, June 5: $DAJIN (01081.HK)$ The allotment results have been announced: priced at HK$66.4 per share, with a total of 100 million shares issued, each board lot comprising 100 shares; the stock officially listed today.
During the public offering stage, Dajin Heavy Industry received 134.39x subscription. The final number of shares allocated to the public offering was 8.6966 million shares, accounting for approximately 8.7% of the total offering. A total of approximately 122,600 valid applications were received, with around 28,788 applications processed. The approximate percentage of applicants who applied for one board lot and were allotted shares is 3%.
Additionally, during the international placement stage, Dajin Heavy Industry received 10.68x subscription. The final number of shares allocated to the international offering was 91.314 million shares, representing 91.3% of the total offering. Futu has compiled the relevant data in the table below:
Company Overview
The company is a global leader in supplying core equipment for offshore wind power. With nearly two decades of experience in the wind power industry, it provides major global offshore wind farm developers with an integrated one-stop solution covering 'manufacturing + transportation + delivery' of wind power foundation equipment.
The company has proactively positioned itself in the global deep-water offshore wind market, consistently focusing on mainstream international offshore wind markets characterized by high technical standards, stringent quality requirements, and substantial commercial potential. Its core businesses include R&D and manufacturing of offshore wind foundation equipment, specialized long-distance marine transportation, vessel design and construction, wind and photovoltaic power generation, and offshore wind hub port operations.
Financials...
During the public offering stage, Dajin Heavy Industry received 134.39x subscription. The final number of shares allocated to the public offering was 8.6966 million shares, accounting for approximately 8.7% of the total offering. A total of approximately 122,600 valid applications were received, with around 28,788 applications processed. The approximate percentage of applicants who applied for one board lot and were allotted shares is 3%.
Additionally, during the international placement stage, Dajin Heavy Industry received 10.68x subscription. The final number of shares allocated to the international offering was 91.314 million shares, representing 91.3% of the total offering. Futu has compiled the relevant data in the table below:
Company Overview
The company is a global leader in supplying core equipment for offshore wind power. With nearly two decades of experience in the wind power industry, it provides major global offshore wind farm developers with an integrated one-stop solution covering 'manufacturing + transportation + delivery' of wind power foundation equipment.
The company has proactively positioned itself in the global deep-water offshore wind market, consistently focusing on mainstream international offshore wind markets characterized by high technical standards, stringent quality requirements, and substantial commercial potential. Its core businesses include R&D and manufacturing of offshore wind foundation equipment, specialized long-distance marine transportation, vessel design and construction, wind and photovoltaic power generation, and offshore wind hub port operations.
Financials...
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Futu News, June 5: $LONGBIO-B (01779.HK)$ announced its allotment results, pricing shares at HK$96.06 each, issuing a total of 14.1932 million shares, with a board lot size of 50 shares, officially listing today.
On the previous trading day, Tianchen Bio-B’s off-market price closed up 57.09% at HK$150.90, with a board lot of 50 shares, yielding a pre-fee profit of HK$2,742 per lot.
During the public offering stage, Tianchen Bio-B received 4,762.58 times subscription. The final number of shares allocated to the public offering was 1.4194 million shares, representing approximately 10% of the total offering. A total of approximately 266,400 valid applications were received, with about 28,057 applications processed, and the percentage of applicants who applied for one lot and received an allotment relative to total applied shares was approximately 2%.
Additionally, during the international placing stage, Tianchen Bio-B received 10.94 times subscription. The final number of shares allocated to the international offering was 12.7738 million shares, accounting for 90% of the total offering. Futu News has compiled the relevant data in the table below:
Company Overview
The company is a clinical-stage biopharmaceutical company founded in 2020, headquartered in Shanghai and Changshu, Suzhou, China. It primarily focuses on the independent discovery and development of biologics targeting allergic and autoimmune diseases. The company has built a comprehensive pipeline of biologics targeting conditions in rhinology, dermatology, respiratory medicine, hematology, nephrology, and other autoimmune disorders...
On the previous trading day, Tianchen Bio-B’s off-market price closed up 57.09% at HK$150.90, with a board lot of 50 shares, yielding a pre-fee profit of HK$2,742 per lot.
During the public offering stage, Tianchen Bio-B received 4,762.58 times subscription. The final number of shares allocated to the public offering was 1.4194 million shares, representing approximately 10% of the total offering. A total of approximately 266,400 valid applications were received, with about 28,057 applications processed, and the percentage of applicants who applied for one lot and received an allotment relative to total applied shares was approximately 2%.
Additionally, during the international placing stage, Tianchen Bio-B received 10.94 times subscription. The final number of shares allocated to the international offering was 12.7738 million shares, accounting for 90% of the total offering. Futu News has compiled the relevant data in the table below:
Company Overview
The company is a clinical-stage biopharmaceutical company founded in 2020, headquartered in Shanghai and Changshu, Suzhou, China. It primarily focuses on the independent discovery and development of biologics targeting allergic and autoimmune diseases. The company has built a comprehensive pipeline of biologics targeting conditions in rhinology, dermatology, respiratory medicine, hematology, nephrology, and other autoimmune disorders...
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Following a strong rebound in U.S. equities in April, the Nasdaq and S&P 500 continued to rise in early to mid-May, driven by robust gains in technology stocks. Mid-month, U.S. stocks pulled back amid the pain of rising long-term Treasury yields, but all three major U.S. indices rebounded as geopolitical talks between the U.S. and Iran showed optimistic progress.
As of the close on May 26, $Nasdaq Composite Index (.IXIC.US)$ the index has gained more than 7% month-to-date, $S&P 500 Index (.SPX.US)$ up 4.3% for the month, $Dow Jones Industrial Average (.DJI.US)$ and up over 1.6%. The Nasdaq and S&P 500 hit record highs yesterday; the Dow Jones Industrial Average surpassed the 50,000 mark this month and reached an all-time high last Friday.
Looking ahead to June, the U.S. earnings season is winding down, Broadcom will report earnings on June 3 (U.S. Eastern Time), while Oracle and Micron Technology are expected to release their latest quarterly results in June.。
In addition, key events to watch in June include: NVIDIA CEO Jensen Huang will attend COMPUTEX Taipei and deliver a keynote speech, followed by NVIDIA’s annual shareholder meeting at month-end; SpaceX plans to list on Nasdaq; Apple will kick off its Worldwide Developers Conference (WWDC) for 2026; and the Federal Reserve, under new Chair Kevin Warsh, will hold its first policy meeting.and others.
To help fellow investors better grasp market themes and investment opportunities, we’ve carefully compiled essential U.S. financial events you need to know for June—be sure to bookmark this before reading!
US earnings season is entering...
As of the close on May 26, $Nasdaq Composite Index (.IXIC.US)$ the index has gained more than 7% month-to-date, $S&P 500 Index (.SPX.US)$ up 4.3% for the month, $Dow Jones Industrial Average (.DJI.US)$ and up over 1.6%. The Nasdaq and S&P 500 hit record highs yesterday; the Dow Jones Industrial Average surpassed the 50,000 mark this month and reached an all-time high last Friday.
Looking ahead to June, the U.S. earnings season is winding down, Broadcom will report earnings on June 3 (U.S. Eastern Time), while Oracle and Micron Technology are expected to release their latest quarterly results in June.。
In addition, key events to watch in June include: NVIDIA CEO Jensen Huang will attend COMPUTEX Taipei and deliver a keynote speech, followed by NVIDIA’s annual shareholder meeting at month-end; SpaceX plans to list on Nasdaq; Apple will kick off its Worldwide Developers Conference (WWDC) for 2026; and the Federal Reserve, under new Chair Kevin Warsh, will hold its first policy meeting.and others.
To help fellow investors better grasp market themes and investment opportunities, we’ve carefully compiled essential U.S. financial events you need to know for June—be sure to bookmark this before reading!
US earnings season is entering...
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– US and China CPI data set for release, with US inflation possibly continuing upward due to energy impacts
At 09:30 Beijing time on May 11, China will release April CPI and PPI data. At 20:30 Beijing time on May 12, the US will release April CPI data, followed by PPI data on the 13th.
Regarding domestic data, CICC forecasts that April may see a divergence in internal and external demand growth rates, with consumption and investment growth slowing at the margin while export growth could rebound. Amid the Middle East conflict, the PPI year-on-year growth rate may rise further to 1.8%, and the CPI year-on-year growth rate may stabilize around 1.0%, implying that April’s GDP deflator growth rate could exceed 1%.
The market expects that US April CPI, influenced by rising energy prices amid Middle East tensions, will increase by an additional 0.6%, following a sharp month-over-month surge of 0.9% in March. In their May 8 report, Goldman Sachs economists delayed their forecast for the Federal Reserve’s next two interest rate cuts by one quarter each, now expecting them in December 2026 and March 2027 respectively. They also project that core PCE inflation in the US this year will likely be closer to 3% rather than the Federal Reserve's 2% target.
– Will Trump visit China on May 14-15? The Foreign Ministry responds: Both China and the US are keeping...
At 09:30 Beijing time on May 11, China will release April CPI and PPI data. At 20:30 Beijing time on May 12, the US will release April CPI data, followed by PPI data on the 13th.
Regarding domestic data, CICC forecasts that April may see a divergence in internal and external demand growth rates, with consumption and investment growth slowing at the margin while export growth could rebound. Amid the Middle East conflict, the PPI year-on-year growth rate may rise further to 1.8%, and the CPI year-on-year growth rate may stabilize around 1.0%, implying that April’s GDP deflator growth rate could exceed 1%.
The market expects that US April CPI, influenced by rising energy prices amid Middle East tensions, will increase by an additional 0.6%, following a sharp month-over-month surge of 0.9% in March. In their May 8 report, Goldman Sachs economists delayed their forecast for the Federal Reserve’s next two interest rate cuts by one quarter each, now expecting them in December 2026 and March 2027 respectively. They also project that core PCE inflation in the US this year will likely be closer to 3% rather than the Federal Reserve's 2% target.
– Will Trump visit China on May 14-15? The Foreign Ministry responds: Both China and the US are keeping...
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In mid-to-late May, a new earnings season for Chinese tech stocks will officially kick off.
$JD.com (JD.US)$ / $JD-SW (09618.HK)$ 、 $TENCENT (00700.HK)$、 $BABA-W (09988.HK)$ / $Alibaba (BABA.US)$Next week, the first of the latest quarterly earnings reports will be released. $Baidu (BIDU.US)$ / $BIDU-SW (09888.HK)$、 $Bilibili (BILI.US)$ / $BILIBILI-W (09626.HK)$、 $XIAOMI-W (01810.HK)$ 、 $KUAISHOU-W (01024.HK)$ 、 $MEITUAN-W (03690.HK)$ 、 $PDD Holdings (PDD.US)$ Other Chinese tech stocks will also gradually disclose their latest quarterly performance reports.
In the first three months of this year, stocks represented by technology shares $Hang Seng TECH Index (800700.HK)$continued to weaken amid volatility, with a cumulative decline of over 15%. Amidst the resonance of 'recovery in external risk appetite from the Middle East' and 'strengthened domestic AI commercial momentum in China,' the tech index has recently rebounded with volatility. As tech giants like Tencent, Alibaba, and JD.com release their results,the proportion of AI-related business revenue, scale of AI capital investment, reduction in e-commerce retail losses, etc., will become the market's focus for this earnings season...
$JD.com (JD.US)$ / $JD-SW (09618.HK)$ 、 $TENCENT (00700.HK)$、 $BABA-W (09988.HK)$ / $Alibaba (BABA.US)$Next week, the first of the latest quarterly earnings reports will be released. $Baidu (BIDU.US)$ / $BIDU-SW (09888.HK)$、 $Bilibili (BILI.US)$ / $BILIBILI-W (09626.HK)$、 $XIAOMI-W (01810.HK)$ 、 $KUAISHOU-W (01024.HK)$ 、 $MEITUAN-W (03690.HK)$ 、 $PDD Holdings (PDD.US)$ Other Chinese tech stocks will also gradually disclose their latest quarterly performance reports.
In the first three months of this year, stocks represented by technology shares $Hang Seng TECH Index (800700.HK)$continued to weaken amid volatility, with a cumulative decline of over 15%. Amidst the resonance of 'recovery in external risk appetite from the Middle East' and 'strengthened domestic AI commercial momentum in China,' the tech index has recently rebounded with volatility. As tech giants like Tencent, Alibaba, and JD.com release their results,the proportion of AI-related business revenue, scale of AI capital investment, reduction in e-commerce retail losses, etc., will become the market's focus for this earnings season...
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Overview of Key Events for the New Week
– US April Non-Farm Payrolls and Unemployment Data Released
The April non-farm payroll report, released on Friday, is expected to show a robust increase of 60,000 new jobs, with faster wage growth, stable unemployment, and rising labor force participation.According to a Bloomberg survey of economists, private sector employment growth may be even stronger.This will not only mark the end of significant fluctuations in employment data over the first three months of the year but also indicate that the job market is returning to a state better than its norm by 2025when the average monthly private sector job creation was just 25,000.
So far, the US economy has proven resilient against oil shocks, with certain sectors even benefiting from the war—such as trade data showing a significant rise in US energy exports in April. One reason for the resilience in economic activity is that the labor market appears to be stabilizing and may even be improving. Job openings have remained steady overall, large companies are still hiring, although small businesses have not expanded recruitment,
– Earnings reports from Palantir, Lumentum, Coherent, AMD, and others released
The US earnings season will continue into next week, with 121 companies in the S&P 500 set to release their financial results.
Market attention will shift next week toAMD, Palantir, Lumentum, CoreWeave...
– US April Non-Farm Payrolls and Unemployment Data Released
The April non-farm payroll report, released on Friday, is expected to show a robust increase of 60,000 new jobs, with faster wage growth, stable unemployment, and rising labor force participation.According to a Bloomberg survey of economists, private sector employment growth may be even stronger.This will not only mark the end of significant fluctuations in employment data over the first three months of the year but also indicate that the job market is returning to a state better than its norm by 2025when the average monthly private sector job creation was just 25,000.
So far, the US economy has proven resilient against oil shocks, with certain sectors even benefiting from the war—such as trade data showing a significant rise in US energy exports in April. One reason for the resilience in economic activity is that the labor market appears to be stabilizing and may even be improving. Job openings have remained steady overall, large companies are still hiring, although small businesses have not expanded recruitment,
– Earnings reports from Palantir, Lumentum, Coherent, AMD, and others released
The US earnings season will continue into next week, with 121 companies in the S&P 500 set to release their financial results.
Market attention will shift next week toAMD, Palantir, Lumentum, CoreWeave...
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US stocks rebounded strongly in April, with the Nasdaq and S&P 500 indices hitting new all-time highs together, while the US semiconductor index recorded its longest ever winning streak. Amid easing tensions in the Middle East, robust corporate earnings reports, and expectations driven by the AI boom and profit growth, FOMO (fear of missing out) sentiment has intensified, becoming a key driver propelling continued stock market gains.
As of the close on April 25, $S&P 500 Index (.SPX.US)$ it has rebounded about 13% from the March lows, while the technology-heavy $Nasdaq Composite Index (.IXIC.US)$ has surged approximately 19% since the late-March low, $Dow Jones Industrial Average (.DJI.US)$ rising about 9%.
Looking ahead to the upcoming month of May, the US stock earnings season continues, $Apple (AAPL.US)$、 $SanDisk (SNDK.US)$ 、 $Lumentum (LITE.US)$ 、 $Advanced Micro Devices (AMD.US)$ 、 $Circle (CRCL.US)$ 、 $NVIDIA (NVDA.US)$ among others, will release their latest quarterly earnings reports. Meanwhile, the situation in the Middle East may remain volatile, and macroeconomic data fluctuations triggered by geopolitical risks may continue to rattle market nerves. Additionally, important events to watch in May include: foreign media reports that US President Trump will visit China in mid-May; Fed Chair Powell's term expires on May 15, among others.
To help fellow investors better...
As of the close on April 25, $S&P 500 Index (.SPX.US)$ it has rebounded about 13% from the March lows, while the technology-heavy $Nasdaq Composite Index (.IXIC.US)$ has surged approximately 19% since the late-March low, $Dow Jones Industrial Average (.DJI.US)$ rising about 9%.
Looking ahead to the upcoming month of May, the US stock earnings season continues, $Apple (AAPL.US)$、 $SanDisk (SNDK.US)$ 、 $Lumentum (LITE.US)$ 、 $Advanced Micro Devices (AMD.US)$ 、 $Circle (CRCL.US)$ 、 $NVIDIA (NVDA.US)$ among others, will release their latest quarterly earnings reports. Meanwhile, the situation in the Middle East may remain volatile, and macroeconomic data fluctuations triggered by geopolitical risks may continue to rattle market nerves. Additionally, important events to watch in May include: foreign media reports that US President Trump will visit China in mid-May; Fed Chair Powell's term expires on May 15, among others.
To help fellow investors better...
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Key Schedule for the Coming Week
The two-week ceasefire agreement between the US and Iran is set to expire, with new round of negotiations still up in the air
Late Eastern Time on April 21, the two-week ceasefire agreement between the US and Iran will expire. The US and Iran are currently weighing a two-week extension of the ceasefire, but neither side has confirmed it officially. Although US President Trump stated locally on the 17th that US-Iran talks are expected to be held this weekend and an agreement could be reached within 'a day or two,' based on Iran's statements over the weekend, a new round of negotiations between the two sides remains uncertain. Iran noted that it has not agreed to hold another round of talks with the US and once again closed the Strait of Hormuz.
When discussing the progress of negotiations with the US, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that the talks have not eliminated distrust between both sides, but both have developed a more pragmatic understanding of each other. Some issues have been resolved during the negotiations, while others remain unresolved. He believes there is still a long way to go before a final agreement can be reached. He also emphasized that Iran remains firm on certain issues, stating these demands are non-negotiable.
US Senate to Hold Hearing on Kevin Warsh’s Nomination as Fed Chair on Tuesday
On April 21, the US Senate Banking Committee will hold a hearing on Kevin Warsh's nomination as Federal Reserve Chair. Democrats are still pushing to delay this hearing, and...
The two-week ceasefire agreement between the US and Iran is set to expire, with new round of negotiations still up in the air
Late Eastern Time on April 21, the two-week ceasefire agreement between the US and Iran will expire. The US and Iran are currently weighing a two-week extension of the ceasefire, but neither side has confirmed it officially. Although US President Trump stated locally on the 17th that US-Iran talks are expected to be held this weekend and an agreement could be reached within 'a day or two,' based on Iran's statements over the weekend, a new round of negotiations between the two sides remains uncertain. Iran noted that it has not agreed to hold another round of talks with the US and once again closed the Strait of Hormuz.
When discussing the progress of negotiations with the US, Iranian Parliament Speaker Mohammad Bagher Ghalibaf said that the talks have not eliminated distrust between both sides, but both have developed a more pragmatic understanding of each other. Some issues have been resolved during the negotiations, while others remain unresolved. He believes there is still a long way to go before a final agreement can be reached. He also emphasized that Iran remains firm on certain issues, stating these demands are non-negotiable.
US Senate to Hold Hearing on Kevin Warsh’s Nomination as Fed Chair on Tuesday
On April 21, the US Senate Banking Committee will hold a hearing on Kevin Warsh's nomination as Federal Reserve Chair. Democrats are still pushing to delay this hearing, and...
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