The Latest Breaking News from IPO

Financial services company Magic Empire Global (NASDAQ: MEGL) held its initial public offering (IPO) last week and shares have soared more than 100% since its opening price. It's up a significant amount from its original IPO price. Here’s what happened, and what could be next.

Key Takeaways •      Jiangsu-based Li Bang International has filed for a Nasdaq IPO to raise $25 million through the issue of 5 million shares

Key Takeaway: Kingsoft Cloud has joined more than 100 companies that can be delisted in the U.S. amid an impasse in talks between Washington and Beijing over a U.S. law that requires Chinese companies listed in the country to share audit records, which the Chinese government considers state secrets

Key Takeaways: Hongjiu Fruit specializes in high-value fruit and was the biggest distributor of branded fresh fruit in China last year in revenue terms  The company’s rapid expansion of new retail channels has raised cash flow risks, with trade receivables surging above 5.9 billion yuan in the first five months…