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The U.S. pending home sales index rose 3.3% month-over-month in November, below the expected 1% and the previous reading of 2.4% (revised from 1.90%).The U.S. November pending home sales index will be released in ten minutes.On December 29th, SMIC announced its plan to acquire a 49.00% stake in SMIC Northern, a subsidiary of SMIC, from five shareholders, including the National Integrated Circuit Industry Investment Fund, for RMB 40,600,910,000. SMIC Northern primarily provides 12-inch integrated circuit wafer foundry services and related support across different process platforms. This transaction will further improve the listed companys asset quality, enhance business synergy, and promote its long-term development. The listed companys main business scope will remain unchanged before and after the transaction.Israeli Prime Minister Benjamin Netanyahu and Tesla CEO Elon Musk discussed a potential collaboration with Tesla (TSLA.O).On December 29th, SMIC announced that the registered capital of SMIC South will increase from US$6.5 billion to US$10.077 billion. SMIC Holdings, the National Integrated Circuit Industry Investment Fund, the National Integrated Circuit Industry Investment Fund Phase II, the National Integrated Circuit Industry Investment Fund Phase III, the Shanghai Integrated Circuit Industry Investment Fund, the Shanghai Integrated Circuit Industry Investment Fund Phase II, Taixin Dingji, and the Lead Integrated Circuit Industry Investment Fund will hold 41.561%, 9.392%, 14.885%, 8.361%, 7.939%, 11.253%, 5.545%, and 1.063% of the equity in SMIC South, respectively.

Reddit Plans An IPO For The Second Half of 2023, According to The Information

Charlie Brooks

Feb 15, 2023 11:19

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Reddit Inc plans to go public later this year, most likely in the second half, the Information reported on Tuesday, citing sources familiar with the situation.


Reddit and other companies, like Instacart, are keeping their initial public offering documentation current in preparation for their debuts when market circumstances improve, according to the article.


Reddit failed to react promptly to Reuters' request for comment.


As a result of a selloff in high-growth technology firms and instability in the capital markets, investor confidence deteriorated and the IPO market came to a virtual stop in 2017.


Reddit filed confidentially for an IPO with the U.S. securities commission in December 2021, after the company's message boards became the go-to destination for day traders amid the meme stock craze.


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