Sponsored by WIKIEXPO and co-organized by Golden Finance, "WiKi Finance Expo Singapore 2023" ended successfully at the Marina Bay Sands Hotel in Singapore on May 27. Keynote Speech on The Door to the Real World.
Roadshow Excerpt - BiFinance Marketing Manager Kara
Crazy Crypto
According to the latest data from Coinmarketcap on May 5, its price is $29,282.88, and the total market value of the current crypto market is nearly $1.2 trillion. Bitcoin was born in 2008, and the lowest recorded price was $0.03. In just 15 years, its increase was as high as "976096%". It is worth mentioning that in October 2021, Bitcoin reached its highest price of $66,953.34. From the perspective of traditional finance, the encryption market is "crazy", "speculative" and "extremely attractive".
FUD IPO
As of September 20, 2022, the total number of IPOs of the three major stock exchanges in the United States is 388, and the total IPO financing scale during the year is 19.854 billion US dollars; the number of IPOs of the three major stock exchanges in the first nine months of 2021 is 1324. , the financing scale during the year was 248.515 billion. Contrary to the increasingly lively scene in the encryption market, according to data compiled by Bloomberg, the IPO size of the US primary market in 2022 will only be one-third of that in 2021.
U.S. stock IPOs are affected by the sluggish market environment and geopolitical risks, the Federal Reserve’s sharp interest rate hikes have caused companies to shelve their listing plans, Wall Street has lost interest in SPAC issuance methods, and the volatility has soared due to internal turmoil in the banking industry.
According to statistics from Wind, the total amount of equity financing in Hong Kong stocks in 2022 will be 252.4 billion Hong Kong dollars, a sharp decrease of 67.25% from the 2021 financing amount of 770.7 billion Hong Kong dollars. A total of 89 companies were successfully listed on IPOs throughout the year (not including 1 GEM transfer to the main board), a decrease of 8.25% compared with 97 companies in the same period in 2021; It was the lowest amount of new shares raised since 2013.
In addition, starting from January 1, 2022, Hong Kong stocks will impose strict restrictions on the listing conditions of the main board, requiring that the cumulative profit in three years should be increased from HK$50 million to HK$80 million. The domestic profit regulation was raised by 60%. Factors such as geopolitics, global economic inflation, and the new crown epidemic have all affected the process of companies listing in Hong Kong.
Both the Hong Kong and U.S. stock IPO markets are shrinking, and traditional sectors are facing the pain points of "difficult financing", "high threshold" and "long cycle".
Why choose BiFinance?
With a formal investment bank lineage, we have absorbed many investment and research talents from the Crypto industry. it will help the web3 project move from the virtual to the real, and provide help for the increase of the application scenarios of the pass, so as to realize the vision of forming a cryptocurrency financial ecosystem and linking the virtual and real worlds.
BiFinance Team
June 5, 2023
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