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Brandykopio

Brandykopio

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2021-08-26

$ADiTx Therapeutics(ADTX)$its gonna moon tonight I know it

2021-04-06

Wow

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2021-04-06

What

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2021-03-25

Helps

16 Stocks Being Perceived As NFT Plays (That May Or May Not Have Anything To Do With NFTs)<blockquote>16 只被视为 NFT 游戏的股票（可能与 NFT 无关，也可能无关）</blockquote>

2021-03-24

omg

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2021-03-24

Wow

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2021-03-24

Omg

Why SPACs Won’t Replace Traditional IPOs -- and Vice Versa<blockquote>为什么 SPAC 不会取代传统的 IPO，反之亦然</blockquote>

2021-03-23

Wa

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2021-03-22

Wow

Australia's Crown Resorts receives $6.2 billion proposal from Blackstone<blockquote>澳大利亚皇冠度假村收到黑石62亿美元的报价</blockquote>

2021-03-22

Wow

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2021-03-17

Noo

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2021-03-15

Wow

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2021-03-12

Buy?

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2021-03-12

Oh

US Daylight Saving Time<blockquote>美国夏令时</blockquote>

2021-03-11

Oh

Why Roblox Stock Skyrocketed Wednesday<blockquote>为什么 Roblox 股价周三飙升</blockquote>

2021-03-11

Cool

US Daylight Saving Time<blockquote>美国夏令时</blockquote>

2021-03-11

Wow

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2021-03-09

Oh

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2021-03-09

Wa

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2021-03-09

Wa

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Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1616681460,"share":"https://www.laohunote.com/m/news/1189183750?lang=zh_CN&edition=full","pubTime":"2021-03-25 22:11","market":"us","language":"en","title":"16 Stocks Being Perceived As NFT Plays (That May Or May Not Have Anything To Do With NFTs)<blockquote>16 只被视为 NFT 游戏的股票（可能与 NFT 无关，也可能无关）</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189183750","media":"Benzinga Earnings","summary":"Each of the stocks in the list below moved higher this week, likely related to trader talk on social","content":"<p>Each of the stocks in the list below moved higher this week, likely related to trader talk on social media that they are&nbsp;non-fungible token&nbsp;plays. Benzinga has been unable to&nbsp;confirm whether some of these names have any direct attachment to NFTs.</p><p><blockquote>下面列表中的每只股票本周都走高，可能与交易员在社交媒体上谈论它们是不可替代的代币交易有关。Benzinga 无法确认其中一些名称是否与 NFT 有任何直接联系。</blockquote></p><p>Some of these names are related to online platforms for art. The art industry has been a rather early adopter of NFT usage; however, many of these companies have never mentioned NFTs, and any indication a company will be using NFTs as a medium for art is only speculation.</p><p><blockquote>其中一些名字与在线艺术平台有关。艺术行业是NFT使用的早期采用者；然而，这些公司中的许多从未提及NFT，任何公司将使用NFT作为艺术媒介的迹象都只是猜测。</blockquote></p><p><b>Stocks with a direct connection to NFTs</b>(or phrase \"non-fungible token\" has been&nbsp;mentioned by company exec):</p><p><blockquote><b>与 NFT 直接相关的股票</b>（或公司高管提到短语“不可替代令牌”）：</blockquote></p><p><ul><li><b>Dolphin Entertainment</b>(NASDAQ:DLPN) – On Tuesday, the company announced the launch of an NFT creation and marketing unit.</li><li><b>ZK International</b>(NASDAQ:ZKIN) – The company announced its subsidiary, xSigma, launched its NFT platform on&nbsp;<b>Ethereum</b>(CRYPTO: ETH)&nbsp;and polkadot blockchains.</li><li><b>PLBY Group</b>(NASDAQ:PLBY) – Playboy CEO Ben Kohn, at a recent Roth Capital conference, highlighted the opportunity for the company to utilize NFT technology given its huge portfolio of photographs and digital assets. Kohn indicated the NFT opportunity is substantial enough that Playboy decided to handle it internally. Kohn said he could not share any further details.</li><li><b>Funko</b>(NASDAQ:FNKO) – Funko's CEO said its management is \"excited\" about NFTs and has \"a plan in place … to be in the market fairly soon. We have the ability to disrupt the non-fungible token market in a way that nobody else is doing right now.\" The company&nbsp;currently has no exposure to NFTs.</li></ul><b>Stocks with no direct connection to NFTs</b>(or \"non-fungible token\" has never been mentioned by company exec in print):</p><p><blockquote><ul><li><b>海豚娱乐</b>（纳斯达克股票代码：DLPN）——周二，该公司宣布成立 NFT 创作和营销部门。</li><li><b>ZK国际</b>（纳斯达克股票代码：ZKIN）——该公司宣布其子公司xSigma在<b>以太币</b>（加密：ETH）和polkadot区块链。</li><li><b>PLBY集团</b>（纳斯达克股票代码：PLBY）——《花花公子》首席执行官本·科恩 (Ben Kohn) 在最近的罗斯资本会议上强调了该公司利用 NFT 技术的机会，因为其庞大的照片和数字资产组合。科恩表示，NFT的机会足够大，以至于《花花公子》决定在内部处理它。科恩说他不能分享任何进一步的细节。</li><li><b>芬科</b>（纳斯达克股票代码：FNKO）——Funko 的首席执行官表示，其管理层对 NFT 感到“兴奋”，并“制定了一项计划……很快就会进入市场。我们有能力以一种其他人现在都没有做到的方式扰乱不可替代的代币市场。”该公司目前没有接触 NFT。</li></ul><b>与 NFT 没有直接联系的股票</b>（或者公司高管从未在印刷品中提及“不可替代令牌”）：</blockquote></p><p></p><p><ul><li><b>Liquid Media</b>(NASDAQ:YVR) – No direct connection to NFTs. A company spokesperson told Benzinga the company \"has not made any announcements about entering the NFT market.\"</li><li><b>Lion Group Holding</b>(NASDAQ:LGHL) – No direct connection to NFTs. A February press release from the company said it would be working with Grandshores Technology to provide blockchain technology support and digital asset platforms.</li><li><b>Takung Art</b>(NYSE:TKAT) – No direct connection to NFTs. The company is an operator of an online electronic platform for offering and trading artwork. On March&nbsp;18, the company issued a statement that said \"it not aware of any material developments that would account for recent trading volume.\"</li><li>While some may consider an online electronic platform for artwork to be related to NFTs, the company has never mentioned the phrase \"non-fungible tokens.\"</li><li><b>Mercurity Fintech</b>(NASDAQ:MFH) – No direct connection to NFTs. The company is a provider of digital asset trading infrastructure solutions based on internet and blockchain technologies. The company has never publicly mentioned the phrase \"non-fungible tokens.\"</li><li><b>Global Internet of People</b>(NASDAQ:SDH) – No direct connection to NFTs. A profile of the company does not mention the company is related to digital assets in any way. The company calls itself a provider and consultant for an \"internet intelligence platform.\"</li><li><b>Leaf Group</b>(NYSE:LEAF) – No direction connections to NFTs. The company owns Saatchi Art, an online art gallery. Saatchi has never indicated it will use NFT.</li><li>A BTIG analyst issued a note initiating coverage on Leaf with a Buy rating and said: \"We believe LEAF is working to take advantage of the opportunity NFTs present. While we can only guess at its potential plans, the logical route would be to form a marketplace for the buying and selling of NFTs.\"</li><li><b>Kuke Music</b>(NYSE:KUKE) – No direct connection to NFTs. The company provides classical music licensing and education services in China.</li><li><b>Greenpro Capital</b>(NASDAQ:GRNQ) – No direct connection to NFTs. The company is a provider of business solutions, including cloud system resolution, financial consulting services and corporate account services. The company invests in CryptoSX, a digital assets exchange that allows issuers to tokenize, investors to buy, sell digital assets. While this seems to be tangential to NFT, the company has never specifically used the phrase \"non-fungible tokens.\"</li><li><b>Monaker Group</b>(NASDAQ:MKGI) – No direct connection to NFTs. The company is a technology-driven travel and logistics company. The company holds an indirect ownership stake in an Initial Coin Offering crypto portal.</li><li><b>GigaMedia</b>(NASDAQ:GIGM) – No direct&nbsp;connection to NFTs. The company is a publisher of online games.</li><li><b>Creatd</b>(NASDAQ:CRTD) – No direct connection to NFTs. The company owns a technology platform that allows creators of blogs, podcasts, etc with storytelling tools and opportunities to monetize their content.</li><li><b>SRAX Inc</b>(NASDAQ:SRAX) – No direct connection to NFTs. An NFT aficionado, Brock Pierce, recently joined the company's board. SRAX has never specifically mentioned anything about NFTs in print.</li></ul>Also note each of these stocks can be generally referred to as a \"low-float stock,\" having under 30 million shares in their float. Low-float stocks are more susceptible to manipulation by traders.</p><p><blockquote><ul><li><b>液体介质</b>（纳斯达克股票代码：YVR）——与 NFT 没有直接联系。公司发言人告诉 Benzinga，该公司“尚未发布任何有关进入 NFT 市场的公告”。</li><li><b>利昂集团控股</b>（纳斯达克股票代码：LGHL）——与 NFT 没有直接联系。该公司2月份的一份新闻稿称，它将与Grandshores Technology合作，提供区块链技术支持和数字资产平台。</li><li><b>塔贡艺术</b>（纽约证券交易所代码：TKAT）–与NFT没有直接联系。该公司是一家提供和交易艺术品的在线电子平台的运营商。3月18日，该公司发表声明称，“不知道有任何重大进展会影响近期的交易量。”</li><li>虽然有些人可能认为艺术品的在线电子平台与 NFT 有关，但该公司从未提及“不可替代代币”一词。</li><li><b>水星金融科技</b>（纳斯达克股票代码：MFH）——与 NFT 没有直接联系。该公司是一家基于互联网和区块链技术的数字资产交易基础设施解决方案提供商。该公司从未公开提及“不可替代代币”一词。</li><li><b>全球人民互联网</b>（纳斯达克股票代码：SDH）——与 NFT 没有直接联系。该公司的简介没有提到该公司以任何方式与数字资产相关。评级公司本身就是一个“互联网智能平台”的提供商和顾问。</li><li><b>叶群</b>（纽约证券交易所代码：LEAF）–与NFT没有方向连接。该公司拥有在线艺术画廊 Saatchi Art。萨奇从未表示将使用 NFT。</li><li>BTIG 的一位分析师发布了一份报告，开始对 Leaf 进行买入评级，并表示：“我们相信 Leaf 正在努力利用 NFT 带来的机会。虽然我们只能猜测其潜在计划，但合乎逻辑的路线是形成一个买卖 NFT 的市场。”</li><li><b>酷客音乐</b>（纽约证券交易所代码：KUKE）——与 NFT 没有直接联系。该公司在中国提供古典音乐授权和教育服务。</li><li><b>格林普罗资本</b>（纳斯达克股票代码：GRNQ）——与 NFT 没有直接联系。该公司是一家业务解决方案提供商，包括云系统解决方案、财务咨询服务和企业账户服务。该公司投资了CryptoSX，这是一个数字资产交易所，允许发行人代币化，投资者购买和出售数字资产。虽然这似乎与 NFT 无关，但该公司从未明确使用过“不可替代代币”一词。</li><li><b>莫纳克集团</b>（纳斯达克股票代码：MKGI）——与 NFT 没有直接联系。该公司是一家技术驱动的旅行和物流公司。该公司持有初始硬币发行加密门户网站的间接所有权股份。</li><li><b>千兆媒体</b>（纳斯达克股票代码：GIGM）——与 NFT 没有直接联系。该公司是一家网络游戏发行商。</li><li><b>创建</b>（纳斯达克股票代码：CRTD）——与 NFT 没有直接联系。该公司拥有一个技术平台，允许博客、播客等的创作者使用讲故事的工具和机会将他们的内容货币化。</li><li><b>SRAX公司</b>（纳斯达克股票代码：SRAX）——与 NFT 没有直接联系。NFT爱好者布洛克·皮尔斯最近加入了该公司的董事会。SRAX从未在印刷品中明确提及任何关于NFTs的事情。</li></ul>另请注意，这些股票中的每只通常都被称为“低流通股”，其流通股数量少于 3000 万股。低流通量股票更容易受到交易者的操纵。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>16 Stocks Being Perceived As NFT Plays (That May Or May Not Have Anything To Do With NFTs)<blockquote>16 只被视为 NFT 游戏的股票（可能与 NFT 无关，也可能无关）</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n16 Stocks Being Perceived As NFT Plays (That May Or May Not Have Anything To Do With NFTs)<blockquote>16 只被视为 NFT 游戏的股票（可能与 NFT 无关，也可能无关）</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-03-25 22:11</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Each of the stocks in the list below moved higher this week, likely related to trader talk on social media that they are&nbsp;non-fungible token&nbsp;plays. Benzinga has been unable to&nbsp;confirm whether some of these names have any direct attachment to NFTs.</p><p><blockquote>下面列表中的每只股票本周都走高，可能与交易员在社交媒体上谈论它们是不可替代的代币交易有关。Benzinga 无法确认其中一些名称是否与 NFT 有任何直接联系。</blockquote></p><p>Some of these names are related to online platforms for art. The art industry has been a rather early adopter of NFT usage; however, many of these companies have never mentioned NFTs, and any indication a company will be using NFTs as a medium for art is only speculation.</p><p><blockquote>其中一些名字与在线艺术平台有关。艺术行业是NFT使用的早期采用者；然而，这些公司中的许多从未提及NFT，任何公司将使用NFT作为艺术媒介的迹象都只是猜测。</blockquote></p><p><b>Stocks with a direct connection to NFTs</b>(or phrase \"non-fungible token\" has been&nbsp;mentioned by company exec):</p><p><blockquote><b>与 NFT 直接相关的股票</b>（或公司高管提到短语“不可替代令牌”）：</blockquote></p><p><ul><li><b>Dolphin Entertainment</b>(NASDAQ:DLPN) – On Tuesday, the company announced the launch of an NFT creation and marketing unit.</li><li><b>ZK International</b>(NASDAQ:ZKIN) – The company announced its subsidiary, xSigma, launched its NFT platform on&nbsp;<b>Ethereum</b>(CRYPTO: ETH)&nbsp;and polkadot blockchains.</li><li><b>PLBY Group</b>(NASDAQ:PLBY) – Playboy CEO Ben Kohn, at a recent Roth Capital conference, highlighted the opportunity for the company to utilize NFT technology given its huge portfolio of photographs and digital assets. Kohn indicated the NFT opportunity is substantial enough that Playboy decided to handle it internally. Kohn said he could not share any further details.</li><li><b>Funko</b>(NASDAQ:FNKO) – Funko's CEO said its management is \"excited\" about NFTs and has \"a plan in place … to be in the market fairly soon. We have the ability to disrupt the non-fungible token market in a way that nobody else is doing right now.\" The company&nbsp;currently has no exposure to NFTs.</li></ul><b>Stocks with no direct connection to NFTs</b>(or \"non-fungible token\" has never been mentioned by company exec in print):</p><p><blockquote><ul><li><b>海豚娱乐</b>（纳斯达克股票代码：DLPN）——周二，该公司宣布成立 NFT 创作和营销部门。</li><li><b>ZK国际</b>（纳斯达克股票代码：ZKIN）——该公司宣布其子公司xSigma在<b>以太币</b>（加密：ETH）和polkadot区块链。</li><li><b>PLBY集团</b>（纳斯达克股票代码：PLBY）——《花花公子》首席执行官本·科恩 (Ben Kohn) 在最近的罗斯资本会议上强调了该公司利用 NFT 技术的机会，因为其庞大的照片和数字资产组合。科恩表示，NFT的机会足够大，以至于《花花公子》决定在内部处理它。科恩说他不能分享任何进一步的细节。</li><li><b>芬科</b>（纳斯达克股票代码：FNKO）——Funko 的首席执行官表示，其管理层对 NFT 感到“兴奋”，并“制定了一项计划……很快就会进入市场。我们有能力以一种其他人现在都没有做到的方式扰乱不可替代的代币市场。”该公司目前没有接触 NFT。</li></ul><b>与 NFT 没有直接联系的股票</b>（或者公司高管从未在印刷品中提及“不可替代令牌”）：</blockquote></p><p></p><p><ul><li><b>Liquid Media</b>(NASDAQ:YVR) – No direct connection to NFTs. A company spokesperson told Benzinga the company \"has not made any announcements about entering the NFT market.\"</li><li><b>Lion Group Holding</b>(NASDAQ:LGHL) – No direct connection to NFTs. A February press release from the company said it would be working with Grandshores Technology to provide blockchain technology support and digital asset platforms.</li><li><b>Takung Art</b>(NYSE:TKAT) – No direct connection to NFTs. The company is an operator of an online electronic platform for offering and trading artwork. On March&nbsp;18, the company issued a statement that said \"it not aware of any material developments that would account for recent trading volume.\"</li><li>While some may consider an online electronic platform for artwork to be related to NFTs, the company has never mentioned the phrase \"non-fungible tokens.\"</li><li><b>Mercurity Fintech</b>(NASDAQ:MFH) – No direct connection to NFTs. The company is a provider of digital asset trading infrastructure solutions based on internet and blockchain technologies. The company has never publicly mentioned the phrase \"non-fungible tokens.\"</li><li><b>Global Internet of People</b>(NASDAQ:SDH) – No direct connection to NFTs. A profile of the company does not mention the company is related to digital assets in any way. The company calls itself a provider and consultant for an \"internet intelligence platform.\"</li><li><b>Leaf Group</b>(NYSE:LEAF) – No direction connections to NFTs. The company owns Saatchi Art, an online art gallery. Saatchi has never indicated it will use NFT.</li><li>A BTIG analyst issued a note initiating coverage on Leaf with a Buy rating and said: \"We believe LEAF is working to take advantage of the opportunity NFTs present. While we can only guess at its potential plans, the logical route would be to form a marketplace for the buying and selling of NFTs.\"</li><li><b>Kuke Music</b>(NYSE:KUKE) – No direct connection to NFTs. The company provides classical music licensing and education services in China.</li><li><b>Greenpro Capital</b>(NASDAQ:GRNQ) – No direct connection to NFTs. The company is a provider of business solutions, including cloud system resolution, financial consulting services and corporate account services. The company invests in CryptoSX, a digital assets exchange that allows issuers to tokenize, investors to buy, sell digital assets. While this seems to be tangential to NFT, the company has never specifically used the phrase \"non-fungible tokens.\"</li><li><b>Monaker Group</b>(NASDAQ:MKGI) – No direct connection to NFTs. The company is a technology-driven travel and logistics company. The company holds an indirect ownership stake in an Initial Coin Offering crypto portal.</li><li><b>GigaMedia</b>(NASDAQ:GIGM) – No direct&nbsp;connection to NFTs. The company is a publisher of online games.</li><li><b>Creatd</b>(NASDAQ:CRTD) – No direct connection to NFTs. The company owns a technology platform that allows creators of blogs, podcasts, etc with storytelling tools and opportunities to monetize their content.</li><li><b>SRAX Inc</b>(NASDAQ:SRAX) – No direct connection to NFTs. An NFT aficionado, Brock Pierce, recently joined the company's board. SRAX has never specifically mentioned anything about NFTs in print.</li></ul>Also note each of these stocks can be generally referred to as a \"low-float stock,\" having under 30 million shares in their float. Low-float stocks are more susceptible to manipulation by traders.</p><p><blockquote><ul><li><b>液体介质</b>（纳斯达克股票代码：YVR）——与 NFT 没有直接联系。公司发言人告诉 Benzinga，该公司“尚未发布任何有关进入 NFT 市场的公告”。</li><li><b>利昂集团控股</b>（纳斯达克股票代码：LGHL）——与 NFT 没有直接联系。该公司2月份的一份新闻稿称，它将与Grandshores Technology合作，提供区块链技术支持和数字资产平台。</li><li><b>塔贡艺术</b>（纽约证券交易所代码：TKAT）–与NFT没有直接联系。该公司是一家提供和交易艺术品的在线电子平台的运营商。3月18日，该公司发表声明称，“不知道有任何重大进展会影响近期的交易量。”</li><li>虽然有些人可能认为艺术品的在线电子平台与 NFT 有关，但该公司从未提及“不可替代代币”一词。</li><li><b>水星金融科技</b>（纳斯达克股票代码：MFH）——与 NFT 没有直接联系。该公司是一家基于互联网和区块链技术的数字资产交易基础设施解决方案提供商。该公司从未公开提及“不可替代代币”一词。</li><li><b>全球人民互联网</b>（纳斯达克股票代码：SDH）——与 NFT 没有直接联系。该公司的简介没有提到该公司以任何方式与数字资产相关。评级公司本身就是一个“互联网智能平台”的提供商和顾问。</li><li><b>叶群</b>（纽约证券交易所代码：LEAF）–与NFT没有方向连接。该公司拥有在线艺术画廊 Saatchi Art。萨奇从未表示将使用 NFT。</li><li>BTIG 的一位分析师发布了一份报告，开始对 Leaf 进行买入评级，并表示：“我们相信 Leaf 正在努力利用 NFT 带来的机会。虽然我们只能猜测其潜在计划，但合乎逻辑的路线是形成一个买卖 NFT 的市场。”</li><li><b>酷客音乐</b>（纽约证券交易所代码：KUKE）——与 NFT 没有直接联系。该公司在中国提供古典音乐授权和教育服务。</li><li><b>格林普罗资本</b>（纳斯达克股票代码：GRNQ）——与 NFT 没有直接联系。该公司是一家业务解决方案提供商，包括云系统解决方案、财务咨询服务和企业账户服务。该公司投资了CryptoSX，这是一个数字资产交易所，允许发行人代币化，投资者购买和出售数字资产。虽然这似乎与 NFT 无关，但该公司从未明确使用过“不可替代代币”一词。</li><li><b>莫纳克集团</b>（纳斯达克股票代码：MKGI）——与 NFT 没有直接联系。该公司是一家技术驱动的旅行和物流公司。该公司持有初始硬币发行加密门户网站的间接所有权股份。</li><li><b>千兆媒体</b>（纳斯达克股票代码：GIGM）——与 NFT 没有直接联系。该公司是一家网络游戏发行商。</li><li><b>创建</b>（纳斯达克股票代码：CRTD）——与 NFT 没有直接联系。该公司拥有一个技术平台，允许博客、播客等的创作者使用讲故事的工具和机会将他们的内容货币化。</li><li><b>SRAX公司</b>（纳斯达克股票代码：SRAX）——与 NFT 没有直接联系。NFT爱好者布洛克·皮尔斯最近加入了该公司的董事会。SRAX从未在印刷品中明确提及任何关于NFTs的事情。</li></ul>另请注意，这些股票中的每只通常都被称为“低流通股”，其流通股数量少于 3000 万股。低流通量股票更容易受到交易者的操纵。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRNQ":"Greenpro Capital Corp.","LEAF":"Leaf Group Ltd","FNKO":"Funko Inc.",".DJI":"道琼斯","PLBY":"Playboy Inc",".SPX":"S&P 500 Index","YVR":"Liquid Media Group Ltd.","ZKIN":"正康国际集团","LGHL":"狮子集团控股",".IXIC":"NASDAQ Composite","DLPN":"Dolphin Entertainment, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189183750","content_text":"Each of the stocks in the list below moved higher this week, likely related to trader talk on social media that they are non-fungible token plays. Benzinga has been unable to confirm whether some of these names have any direct attachment to NFTs.Some of these names are related to online platforms for art. The art industry has been a rather early adopter of NFT usage; however, many of these companies have never mentioned NFTs, and any indication a company will be using NFTs as a medium for art is only speculation.Stocks with a direct connection to NFTs(or phrase \"non-fungible token\" has been mentioned by company exec):Dolphin Entertainment(NASDAQ:DLPN) – On Tuesday, the company announced the launch of an NFT creation and marketing unit.ZK International(NASDAQ:ZKIN) – The company announced its subsidiary, xSigma, launched its NFT platform on Ethereum(CRYPTO: ETH) and polkadot blockchains.PLBY Group(NASDAQ:PLBY) – Playboy CEO Ben Kohn, at a recent Roth Capital conference, highlighted the opportunity for the company to utilize NFT technology given its huge portfolio of photographs and digital assets. Kohn indicated the NFT opportunity is substantial enough that Playboy decided to handle it internally. Kohn said he could not share any further details.Funko(NASDAQ:FNKO) – Funko's CEO said its management is \"excited\" about NFTs and has \"a plan in place … to be in the market fairly soon. We have the ability to disrupt the non-fungible token market in a way that nobody else is doing right now.\" The company currently has no exposure to NFTs.Stocks with no direct connection to NFTs(or \"non-fungible token\" has never been mentioned by company exec in print):Liquid Media(NASDAQ:YVR) – No direct connection to NFTs. A company spokesperson told Benzinga the company \"has not made any announcements about entering the NFT market.\"Lion Group Holding(NASDAQ:LGHL) – No direct connection to NFTs. A February press release from the company said it would be working with Grandshores Technology to provide blockchain technology support and digital asset platforms.Takung Art(NYSE:TKAT) – No direct connection to NFTs. The company is an operator of an online electronic platform for offering and trading artwork. On March 18, the company issued a statement that said \"it not aware of any material developments that would account for recent trading volume.\"While some may consider an online electronic platform for artwork to be related to NFTs, the company has never mentioned the phrase \"non-fungible tokens.\"Mercurity Fintech(NASDAQ:MFH) – No direct connection to NFTs. The company is a provider of digital asset trading infrastructure solutions based on internet and blockchain technologies. The company has never publicly mentioned the phrase \"non-fungible tokens.\"Global Internet of People(NASDAQ:SDH) – No direct connection to NFTs. A profile of the company does not mention the company is related to digital assets in any way. The company calls itself a provider and consultant for an \"internet intelligence platform.\"Leaf Group(NYSE:LEAF) – No direction connections to NFTs. The company owns Saatchi Art, an online art gallery. Saatchi has never indicated it will use NFT.A BTIG analyst issued a note initiating coverage on Leaf with a Buy rating and said: \"We believe LEAF is working to take advantage of the opportunity NFTs present. While we can only guess at its potential plans, the logical route would be to form a marketplace for the buying and selling of NFTs.\"Kuke Music(NYSE:KUKE) – No direct connection to NFTs. The company provides classical music licensing and education services in China.Greenpro Capital(NASDAQ:GRNQ) – No direct connection to NFTs. The company is a provider of business solutions, including cloud system resolution, financial consulting services and corporate account services. The company invests in CryptoSX, a digital assets exchange that allows issuers to tokenize, investors to buy, sell digital assets. While this seems to be tangential to NFT, the company has never specifically used the phrase \"non-fungible tokens.\"Monaker Group(NASDAQ:MKGI) – No direct connection to NFTs. The company is a technology-driven travel and logistics company. The company holds an indirect ownership stake in an Initial Coin Offering crypto portal.GigaMedia(NASDAQ:GIGM) – No direct connection to NFTs. The company is a publisher of online games.Creatd(NASDAQ:CRTD) – No direct connection to NFTs. The company owns a technology platform that allows creators of blogs, podcasts, etc with storytelling tools and opportunities to monetize their content.SRAX Inc(NASDAQ:SRAX) – No direct connection to NFTs. An NFT aficionado, Brock Pierce, recently joined the company's board. SRAX has never specifically mentioned anything about NFTs in print.Also note each of these stocks can be generally referred to as a \"low-float stock,\" having under 30 million shares in their float. Low-float stocks are more susceptible to manipulation by traders.","news_type":1,"symbols_score_info":{"ZKIN":0.9,".DJI":0.9,"MFH":0.9,"GRNQ":0.9,"SDH":0.9,".SPX":0.9,".IXIC":0.9,"DLPN":0.9,"LGHL":0.9,"TKAT":0.9,"LEAF":0.9,"FNKO":0.9,"PLBY":0.9,"YVR":0.9}},"isVote":1,"tweetType":1,"viewCount":1592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353785881,"gmtCreate":1616537253643,"gmtModify":1634525361910,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"omg","listText":"omg","text":"omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353785881","repostId":"1183411541","repostType":4,"isVote":1,"tweetType":1,"viewCount":2921,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353785195,"gmtCreate":1616537224117,"gmtModify":1634525362030,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/353785195","repostId":"1112366006","repostType":4,"isVote":1,"tweetType":1,"viewCount":2688,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353785942,"gmtCreate":1616537205586,"gmtModify":1634525362270,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353785942","repostId":"1102596742","repostType":4,"repost":{"id":"1102596742","kind":"news","pubTimestamp":1616514133,"share":"https://www.laohunote.com/m/news/1102596742?lang=zh_CN&edition=full","pubTime":"2021-03-23 23:42","market":"us","language":"en","title":"Why SPACs Won’t Replace Traditional IPOs -- and Vice Versa<blockquote>为什么 SPAC 不会取代传统的 IPO，反之亦然</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102596742","media":"TheStreet","summary":"Will SPACs replace traditional IPOs? I think to a degree, they already have -- at least for now. Lon","content":"<p>Will SPACs replace traditional IPOs? I think to a degree, they already have -- at least for now. Longer-term, however, I think that traditional investment banking will survive, and that there will always be room for both methods of going public.</p><p><blockquote>SPAC会取代传统的首次公开募股吗？我认为在某种程度上，他们已经有了——至少现在是这样。然而，从长远来看，我认为传统的投资银行将会生存下去，而且这两种上市方式总是有空间的。</blockquote></p><p> Part of why I say that traditional IPOs will survive is due to the sheer abundance of SPACs out there right now. Can they all find winning companies to merge with? What happens to those that don't find the right dance partner? Surely some will wither and die. But at the same time, the SPAC model is probably here to stay since it does simplify and expedite the whole process of going public and raising capital. And so I think that SPACs will survive even once we’re past the current manic stage.</p><p><blockquote>我说传统 IPO 将会生存的部分原因是目前 SPAC 数量过多。他们都能找到成功的公司合并吗？那些找不到合适舞伴的人会怎么样？肯定有些人会枯萎死亡。但与此同时，特殊目的收购公司模式可能会继续存在，因为它确实简化并加快了上市和筹集资金的整个过程。因此，我认为，即使我们度过了当前的狂躁阶段，SPAC 也会生存下来。</blockquote></p><p> First, understand that IPOs and SPACs are really just two ways of getting a private company from point A (in need of capital) to point B (capital needs satisfied and trading publicly). As you'll see, it's really a matter of putting the wagon before the horse, or the horse before the wagon. And the same model doesn’t work for every private company in every situation.</p><p><blockquote>首先，要明白IPO和SPAC实际上只是私营公司从A点（需要资本）到B点（满足资本需求并公开交易）的两种方式。正如你将看到的，这实际上是一个本末倒置，或者本末倒置的问题。同样的模式并不适用于所有情况下的每家私营公司。</blockquote></p><p> <b>The IPO</b></p><p><blockquote><b>首次公开募股</b></blockquote></p><p> The traditional IPO, or Initial Public Offering, has been around since the beginning. This is what investment bankers, among other things, do for a living. As a former senior New York Stock Exchange floor trader who worked as part of the IPO team for what was considered the hottest investment bank during the internet bubble of the late 1990's, early 2000's, I have a great deal of experience in both supporting and in running the execution end of traditional IPOs, either from the booth, or in the crowd at the point of sale.</p><p><blockquote>传统的IPO，即首次公开募股，从一开始就存在。这就是投资银行家的谋生方式。作为一名前纽约证券交易所高级场内交易员，我曾在被认为是20世纪90年代末和21世纪初互联网泡沫期间最热门的投资银行的IPO团队工作，我在支持和管理传统IPO的执行端方面拥有丰富的经验，无论是在展位上，还是在销售点的人群中。</blockquote></p><p> In simplified form, IPOs involve private companies working with an investment bank or several investment banks to raise capital by “going public.\" The investment banks place a value on the private firm through a strenuous level of fundamental analysis, all the while gauging or trying to drum up demand. That part of the job is often referred to as a \"road show.\"</p><p><blockquote>简单来说，首次公开募股（IPO）是指私营公司与一家或多家投资银行合作，通过 “上市 ”筹集资金。投资银行通过艰苦的基本面分析对私营公司进行估值，同时衡量或试图拉动需求。这部分工作通常被称为 “路演”。</blockquote></p><p> The private company must also register with the exchange where it plans to list, as well as the Securities and Exchange Commission. There is a lengthy process that must be followed, as well as numerous requirements, such as compliance around transparency in financial reporting, that must be met.</p><p><blockquote>私营公司还必须向其计划上市的交易所以及美国证券交易委员会注册。必须遵循一个漫长的过程，以及必须满足许多要求，如财务报告透明度的合规性。</blockquote></p><p> The investment bank or banks, also known as the underwriters, may guarantee the IPO by purchasing the offering in a firm commitment and then selling the shares themselves in the secondary market. Without this \"firm\" commitment, the IPO is considered to be a \"best effort\" agreement, in which the underwriter sells the shares with no guarantee.</p><p><blockquote>投资银行（也称为承销商）可以通过坚定承诺购买发行，然后在二级市场上出售股票来担保首次公开募股。如果没有这种“坚定”的承诺，IPO被视为“尽最大努力”协议，其中承销商在没有担保的情况下出售股票。</blockquote></p><p> In my experience, the vast majority of IPOs are indeed “firm commitments” in which the underwriter takes on either the profit or loss (the risk) when selling shares after having priced the IPO. In the case of a \"best effort'' IPO, the investment bank is really more like a broker and advisor than a trader, and passes on to the formerly private company's shareholders the proceeds of those initial sales.</p><p><blockquote>根据我的经验，绝大多数 IPO 确实是 “坚定承诺”，即承销商在为 IPO 定价后出售股票时承担利润或损失（风险）。在“尽最大努力”IPO的情况下，投资银行实际上更像是经纪人和顾问，而不是交易员，并将这些初始销售的收益传递给前私营公司的股东。</blockquote></p><p> <b>The SPAC</b></p><p><blockquote><b>特殊目的收购公司</b></blockquote></p><p> The SPAC, or Special Purpose Acquisition Company, has become increasingly popular lately. Some of you may have heard of \"Blank Check Companies.\" This is another term for basically the same thing as a SPAC. The whole idea is simply to raise funds first and then target private companies to merge with afterwards.</p><p><blockquote>特殊目的收购公司（SPAC）最近变得越来越受欢迎。你们中的一些人可能听说过“空白支票公司”。这是与特殊目的收购公司基本相同的另一个术语。整个想法很简单，首先筹集资金，然后瞄准私营公司进行合并。</blockquote></p><p> In this way, the private firm is able to get in position to quickly merge with an already-public company, greatly simplifying the process of going public. At that point, the shareholders or owners of the private company can either redeem their stakes at the offering price, or accept stock in the newly-merged company, depending on their preference.</p><p><blockquote>通过这种方式，私营公司能够快速与一家已经上市的公司合并，大大简化了上市过程。届时，私营公司的股东或所有者可以根据自己的喜好，以发行价赎回其股份，也可以接受新合并公司的股票。</blockquote></p><p> Why would a private company choose this route over a traditional IPO? There are several good reasons. The first is speed to market. By foregoing the whole \"road show\" process and merging with an already public firm, the company can now bypass all of the registrations and regulatory requirements. In addition, the risk of allowing investment bankers to price the deal is removed once the merger is agreed to.</p><p><blockquote>为什么一家私营公司会选择这条路线而不是传统的IPO？有几个很好的理由。首先是上市速度。通过放弃整个“路演”过程并与一家已经上市公司合并，该公司现在可以绕过所有注册和监管要求。此外，一旦合并获得批准，允许投资银行家为交易定价的风险就被消除了。</blockquote></p><p> What makes SPACs so attractive to private companies that might be in need of capital? It’s pretty simple --<i>in a traditional IPO, the private company chases the capital, but with a SPAC, the capital chases the private company</i>.</p><p><blockquote>是什么让SPAC对可能需要资金的私营公司如此有吸引力？很简单--<i>在传统的IPO中，私人公司追逐资本，但在SPAC中，资本追逐私人公司</i>.</blockquote></p><p> Notably, the SPAC structure is less risky to the owners of the targeted private company. The private company negotiates and agrees to a deal. Their work is now done, and the risk is transferred to the SPAC. This is great -- if you happen to run a highly sought-after private company in a suddenly hot industry. That is another reason why speed matters. No one ever knows how long the iron (or industry) stays hot.</p><p><blockquote>值得注意的是，特殊目的收购公司结构对目标私营公司的所有者来说风险较小。私营公司谈判并同意一项交易。他们的工作现在完成了，风险转移到了特殊目的收购公司。这很好——如果你碰巧在一个突然火热的行业中经营着一家备受追捧的私营公司。这是速度很重要的另一个原因。没有人知道铁（或工业）能保持热多久。</blockquote></p><p></p><p> Now, for the less highly sought-after private business, there will always be a need for a traditional investment banker since these companies still need to raise capital and will need help finding investors. However, in the IPO model, the workload and the risk are more on the private company than they are on the bank -- at least until the issue is priced and regardless of whether a firm commitment has been made.</p><p><blockquote>现在，对于不太受欢迎的私营企业来说，总是需要传统的投资银行家，因为这些公司仍然需要筹集资金，并且需要帮助寻找投资者。然而，在 IPO 模式中，私营公司的工作量和风险比银行的工作量和风险更大——至少在发行定价之前，也无论是否做出了坚定的承诺。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> In my opinion, there will always be room in this marketplace for both traditional investment bankers as well as SPACs. For now, amid a pandemic, which has largely taken the \"road show\" aspect out of the IPO, and as certain industries have taken off seemingly overnight, SPACs have taken as much as half of the market for new issues.</p><p><blockquote>在我看来，这个市场上总会有传统投资银行家和 SPAC 的空间。目前，在疫情期间，IPO 在很大程度上取消了“路演”方面，而且某些行业似乎在一夜之间就起飞了，SPAC 已经占据了多达一半的新股市场。</blockquote></p><p> That is the current environment and it is not only subject to change, it<i>will</i>change. As some SPACs fail to attract potentially hot new private companies, their ranks will thin. In a market that’s tougher than the current bull one, raising money ahead of a deal becomes more difficult, and the pendulum will swing back toward traditional investment bankers who provide access to a broader array of potential investors.</p><p><blockquote>这就是当前的环境，它不仅会发生变化，而且<i>将会</i>变化。由于一些 SPAC 未能吸引潜在热门的新私营公司，它们的队伍将会缩小。在一个比当前牛市更艰难的市场中，在交易前筹集资金变得更加困难，钟摆将向传统投资银行家倾斜，他们可以接触到更广泛的潜在投资者。</blockquote></p><p> That said, these are two ways of going about doing the same thing. Neither is going away. Quality will succeed where success is deserved, and so quality investment bankers will outperform lower-quality SPACs and vice versa. Where quality is less obvious, there will be failure to last, or to find the right dance partner. The route chosen may depend on just how desirable, or choosy, the private company is able to be.</p><p><blockquote>也就是说，这是做同一件事的两种方式。两者都不会消失。质量将在值得成功的地方取得成功，因此优质投资银行家将优于质量较低的 SPAC，反之亦然。在质量不太明显的地方，就会有失败，或者找不到合适的舞伴。选择的路线可能取决于私营公司的可取性或选择性。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why SPACs Won’t Replace Traditional IPOs -- and Vice Versa<blockquote>为什么 SPAC 不会取代传统的 IPO，反之亦然</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy SPACs Won’t Replace Traditional IPOs -- and Vice Versa<blockquote>为什么 SPAC 不会取代传统的 IPO，反之亦然</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-03-23 23:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Will SPACs replace traditional IPOs? I think to a degree, they already have -- at least for now. Longer-term, however, I think that traditional investment banking will survive, and that there will always be room for both methods of going public.</p><p><blockquote>SPAC会取代传统的首次公开募股吗？我认为在某种程度上，他们已经有了——至少现在是这样。然而，从长远来看，我认为传统的投资银行将会生存下去，而且这两种上市方式总是有空间的。</blockquote></p><p> Part of why I say that traditional IPOs will survive is due to the sheer abundance of SPACs out there right now. Can they all find winning companies to merge with? What happens to those that don't find the right dance partner? Surely some will wither and die. But at the same time, the SPAC model is probably here to stay since it does simplify and expedite the whole process of going public and raising capital. And so I think that SPACs will survive even once we’re past the current manic stage.</p><p><blockquote>我说传统 IPO 将会生存的部分原因是目前 SPAC 数量过多。他们都能找到成功的公司合并吗？那些找不到合适舞伴的人会怎么样？肯定有些人会枯萎死亡。但与此同时，特殊目的收购公司模式可能会继续存在，因为它确实简化并加快了上市和筹集资金的整个过程。因此，我认为，即使我们度过了当前的狂躁阶段，SPAC 也会生存下来。</blockquote></p><p> First, understand that IPOs and SPACs are really just two ways of getting a private company from point A (in need of capital) to point B (capital needs satisfied and trading publicly). As you'll see, it's really a matter of putting the wagon before the horse, or the horse before the wagon. And the same model doesn’t work for every private company in every situation.</p><p><blockquote>首先，要明白IPO和SPAC实际上只是私营公司从A点（需要资本）到B点（满足资本需求并公开交易）的两种方式。正如你将看到的，这实际上是一个本末倒置，或者本末倒置的问题。同样的模式并不适用于所有情况下的每家私营公司。</blockquote></p><p> <b>The IPO</b></p><p><blockquote><b>首次公开募股</b></blockquote></p><p> The traditional IPO, or Initial Public Offering, has been around since the beginning. This is what investment bankers, among other things, do for a living. As a former senior New York Stock Exchange floor trader who worked as part of the IPO team for what was considered the hottest investment bank during the internet bubble of the late 1990's, early 2000's, I have a great deal of experience in both supporting and in running the execution end of traditional IPOs, either from the booth, or in the crowd at the point of sale.</p><p><blockquote>传统的IPO，即首次公开募股，从一开始就存在。这就是投资银行家的谋生方式。作为一名前纽约证券交易所高级场内交易员，我曾在被认为是20世纪90年代末和21世纪初互联网泡沫期间最热门的投资银行的IPO团队工作，我在支持和管理传统IPO的执行端方面拥有丰富的经验，无论是在展位上，还是在销售点的人群中。</blockquote></p><p> In simplified form, IPOs involve private companies working with an investment bank or several investment banks to raise capital by “going public.\" The investment banks place a value on the private firm through a strenuous level of fundamental analysis, all the while gauging or trying to drum up demand. That part of the job is often referred to as a \"road show.\"</p><p><blockquote>简单来说，首次公开募股（IPO）是指私营公司与一家或多家投资银行合作，通过 “上市 ”筹集资金。投资银行通过艰苦的基本面分析对私营公司进行估值，同时衡量或试图拉动需求。这部分工作通常被称为 “路演”。</blockquote></p><p> The private company must also register with the exchange where it plans to list, as well as the Securities and Exchange Commission. There is a lengthy process that must be followed, as well as numerous requirements, such as compliance around transparency in financial reporting, that must be met.</p><p><blockquote>私营公司还必须向其计划上市的交易所以及美国证券交易委员会注册。必须遵循一个漫长的过程，以及必须满足许多要求，如财务报告透明度的合规性。</blockquote></p><p> The investment bank or banks, also known as the underwriters, may guarantee the IPO by purchasing the offering in a firm commitment and then selling the shares themselves in the secondary market. Without this \"firm\" commitment, the IPO is considered to be a \"best effort\" agreement, in which the underwriter sells the shares with no guarantee.</p><p><blockquote>投资银行（也称为承销商）可以通过坚定承诺购买发行，然后在二级市场上出售股票来担保首次公开募股。如果没有这种“坚定”的承诺，IPO被视为“尽最大努力”协议，其中承销商在没有担保的情况下出售股票。</blockquote></p><p> In my experience, the vast majority of IPOs are indeed “firm commitments” in which the underwriter takes on either the profit or loss (the risk) when selling shares after having priced the IPO. In the case of a \"best effort'' IPO, the investment bank is really more like a broker and advisor than a trader, and passes on to the formerly private company's shareholders the proceeds of those initial sales.</p><p><blockquote>根据我的经验，绝大多数 IPO 确实是 “坚定承诺”，即承销商在为 IPO 定价后出售股票时承担利润或损失（风险）。在“尽最大努力”IPO的情况下，投资银行实际上更像是经纪人和顾问，而不是交易员，并将这些初始销售的收益传递给前私营公司的股东。</blockquote></p><p> <b>The SPAC</b></p><p><blockquote><b>特殊目的收购公司</b></blockquote></p><p> The SPAC, or Special Purpose Acquisition Company, has become increasingly popular lately. Some of you may have heard of \"Blank Check Companies.\" This is another term for basically the same thing as a SPAC. The whole idea is simply to raise funds first and then target private companies to merge with afterwards.</p><p><blockquote>特殊目的收购公司（SPAC）最近变得越来越受欢迎。你们中的一些人可能听说过“空白支票公司”。这是与特殊目的收购公司基本相同的另一个术语。整个想法很简单，首先筹集资金，然后瞄准私营公司进行合并。</blockquote></p><p> In this way, the private firm is able to get in position to quickly merge with an already-public company, greatly simplifying the process of going public. At that point, the shareholders or owners of the private company can either redeem their stakes at the offering price, or accept stock in the newly-merged company, depending on their preference.</p><p><blockquote>通过这种方式，私营公司能够快速与一家已经上市的公司合并，大大简化了上市过程。届时，私营公司的股东或所有者可以根据自己的喜好，以发行价赎回其股份，也可以接受新合并公司的股票。</blockquote></p><p> Why would a private company choose this route over a traditional IPO? There are several good reasons. The first is speed to market. By foregoing the whole \"road show\" process and merging with an already public firm, the company can now bypass all of the registrations and regulatory requirements. In addition, the risk of allowing investment bankers to price the deal is removed once the merger is agreed to.</p><p><blockquote>为什么一家私营公司会选择这条路线而不是传统的IPO？有几个很好的理由。首先是上市速度。通过放弃整个“路演”过程并与一家已经上市公司合并，该公司现在可以绕过所有注册和监管要求。此外，一旦合并获得批准，允许投资银行家为交易定价的风险就被消除了。</blockquote></p><p> What makes SPACs so attractive to private companies that might be in need of capital? It’s pretty simple --<i>in a traditional IPO, the private company chases the capital, but with a SPAC, the capital chases the private company</i>.</p><p><blockquote>是什么让SPAC对可能需要资金的私营公司如此有吸引力？很简单--<i>在传统的IPO中，私人公司追逐资本，但在SPAC中，资本追逐私人公司</i>.</blockquote></p><p> Notably, the SPAC structure is less risky to the owners of the targeted private company. The private company negotiates and agrees to a deal. Their work is now done, and the risk is transferred to the SPAC. This is great -- if you happen to run a highly sought-after private company in a suddenly hot industry. That is another reason why speed matters. No one ever knows how long the iron (or industry) stays hot.</p><p><blockquote>值得注意的是，特殊目的收购公司结构对目标私营公司的所有者来说风险较小。私营公司谈判并同意一项交易。他们的工作现在完成了，风险转移到了特殊目的收购公司。这很好——如果你碰巧在一个突然火热的行业中经营着一家备受追捧的私营公司。这是速度很重要的另一个原因。没有人知道铁（或工业）能保持热多久。</blockquote></p><p></p><p> Now, for the less highly sought-after private business, there will always be a need for a traditional investment banker since these companies still need to raise capital and will need help finding investors. However, in the IPO model, the workload and the risk are more on the private company than they are on the bank -- at least until the issue is priced and regardless of whether a firm commitment has been made.</p><p><blockquote>现在，对于不太受欢迎的私营企业来说，总是需要传统的投资银行家，因为这些公司仍然需要筹集资金，并且需要帮助寻找投资者。然而，在 IPO 模式中，私营公司的工作量和风险比银行的工作量和风险更大——至少在发行定价之前，也无论是否做出了坚定的承诺。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> In my opinion, there will always be room in this marketplace for both traditional investment bankers as well as SPACs. For now, amid a pandemic, which has largely taken the \"road show\" aspect out of the IPO, and as certain industries have taken off seemingly overnight, SPACs have taken as much as half of the market for new issues.</p><p><blockquote>在我看来，这个市场上总会有传统投资银行家和 SPAC 的空间。目前，在疫情期间，IPO 在很大程度上取消了“路演”方面，而且某些行业似乎在一夜之间就起飞了，SPAC 已经占据了多达一半的新股市场。</blockquote></p><p> That is the current environment and it is not only subject to change, it<i>will</i>change. As some SPACs fail to attract potentially hot new private companies, their ranks will thin. In a market that’s tougher than the current bull one, raising money ahead of a deal becomes more difficult, and the pendulum will swing back toward traditional investment bankers who provide access to a broader array of potential investors.</p><p><blockquote>这就是当前的环境，它不仅会发生变化，而且<i>将会</i>变化。由于一些 SPAC 未能吸引潜在热门的新私营公司，它们的队伍将会缩小。在一个比当前牛市更艰难的市场中，在交易前筹集资金变得更加困难，钟摆将向传统投资银行家倾斜，他们可以接触到更广泛的潜在投资者。</blockquote></p><p> That said, these are two ways of going about doing the same thing. Neither is going away. Quality will succeed where success is deserved, and so quality investment bankers will outperform lower-quality SPACs and vice versa. Where quality is less obvious, there will be failure to last, or to find the right dance partner. The route chosen may depend on just how desirable, or choosy, the private company is able to be.</p><p><blockquote>也就是说，这是做同一件事的两种方式。两者都不会消失。质量将在值得成功的地方取得成功，因此优质投资银行家将优于质量较低的 SPAC，反之亦然。在质量不太明显的地方，就会有失败，或者找不到合适的舞伴。选择的路线可能取决于私营公司的可取性或选择性。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/why-spacs-wont-replace-traditional-ipos\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.thestreet.com/investing/why-spacs-wont-replace-traditional-ipos","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102596742","content_text":"Will SPACs replace traditional IPOs? I think to a degree, they already have -- at least for now. Longer-term, however, I think that traditional investment banking will survive, and that there will always be room for both methods of going public.\nPart of why I say that traditional IPOs will survive is due to the sheer abundance of SPACs out there right now. Can they all find winning companies to merge with? What happens to those that don't find the right dance partner? Surely some will wither and die. But at the same time, the SPAC model is probably here to stay since it does simplify and expedite the whole process of going public and raising capital. And so I think that SPACs will survive even once we’re past the current manic stage.\nFirst, understand that IPOs and SPACs are really just two ways of getting a private company from point A (in need of capital) to point B (capital needs satisfied and trading publicly). As you'll see, it's really a matter of putting the wagon before the horse, or the horse before the wagon. And the same model doesn’t work for every private company in every situation.\nThe IPO\nThe traditional IPO, or Initial Public Offering, has been around since the beginning. This is what investment bankers, among other things, do for a living. As a former senior New York Stock Exchange floor trader who worked as part of the IPO team for what was considered the hottest investment bank during the internet bubble of the late 1990's, early 2000's, I have a great deal of experience in both supporting and in running the execution end of traditional IPOs, either from the booth, or in the crowd at the point of sale.\nIn simplified form, IPOs involve private companies working with an investment bank or several investment banks to raise capital by “going public.\" The investment banks place a value on the private firm through a strenuous level of fundamental analysis, all the while gauging or trying to drum up demand. That part of the job is often referred to as a \"road show.\"\nThe private company must also register with the exchange where it plans to list, as well as the Securities and Exchange Commission. There is a lengthy process that must be followed, as well as numerous requirements, such as compliance around transparency in financial reporting, that must be met.\nThe investment bank or banks, also known as the underwriters, may guarantee the IPO by purchasing the offering in a firm commitment and then selling the shares themselves in the secondary market. Without this \"firm\" commitment, the IPO is considered to be a \"best effort\" agreement, in which the underwriter sells the shares with no guarantee.\nIn my experience, the vast majority of IPOs are indeed “firm commitments” in which the underwriter takes on either the profit or loss (the risk) when selling shares after having priced the IPO. In the case of a \"best effort'' IPO, the investment bank is really more like a broker and advisor than a trader, and passes on to the formerly private company's shareholders the proceeds of those initial sales.\nThe SPAC\nThe SPAC, or Special Purpose Acquisition Company, has become increasingly popular lately. Some of you may have heard of \"Blank Check Companies.\" This is another term for basically the same thing as a SPAC. The whole idea is simply to raise funds first and then target private companies to merge with afterwards.\nIn this way, the private firm is able to get in position to quickly merge with an already-public company, greatly simplifying the process of going public. At that point, the shareholders or owners of the private company can either redeem their stakes at the offering price, or accept stock in the newly-merged company, depending on their preference.\nWhy would a private company choose this route over a traditional IPO? There are several good reasons. The first is speed to market. By foregoing the whole \"road show\" process and merging with an already public firm, the company can now bypass all of the registrations and regulatory requirements. In addition, the risk of allowing investment bankers to price the deal is removed once the merger is agreed to.\nWhat makes SPACs so attractive to private companies that might be in need of capital? It’s pretty simple --in a traditional IPO, the private company chases the capital, but with a SPAC, the capital chases the private company.\nNotably, the SPAC structure is less risky to the owners of the targeted private company. The private company negotiates and agrees to a deal. Their work is now done, and the risk is transferred to the SPAC. This is great -- if you happen to run a highly sought-after private company in a suddenly hot industry. That is another reason why speed matters. No one ever knows how long the iron (or industry) stays hot.\nNow, for the less highly sought-after private business, there will always be a need for a traditional investment banker since these companies still need to raise capital and will need help finding investors. However, in the IPO model, the workload and the risk are more on the private company than they are on the bank -- at least until the issue is priced and regardless of whether a firm commitment has been made.\nThe Bottom Line\nIn my opinion, there will always be room in this marketplace for both traditional investment bankers as well as SPACs. For now, amid a pandemic, which has largely taken the \"road show\" aspect out of the IPO, and as certain industries have taken off seemingly overnight, SPACs have taken as much as half of the market for new issues.\nThat is the current environment and it is not only subject to change, itwillchange. As some SPACs fail to attract potentially hot new private companies, their ranks will thin. In a market that’s tougher than the current bull one, raising money ahead of a deal becomes more difficult, and the pendulum will swing back toward traditional investment bankers who provide access to a broader array of potential investors.\nThat said, these are two ways of going about doing the same thing. Neither is going away. Quality will succeed where success is deserved, and so quality investment bankers will outperform lower-quality SPACs and vice versa. Where quality is less obvious, there will be failure to last, or to find the right dance partner. The route chosen may depend on just how desirable, or choosy, the private company is able to be.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2754,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353885320,"gmtCreate":1616481396860,"gmtModify":1634525595298,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Wa","listText":"Wa","text":"Wa","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/353885320","repostId":"2121171319","repostType":4,"isVote":1,"tweetType":1,"viewCount":2575,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359697377,"gmtCreate":1616389686699,"gmtModify":1634526095417,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359697377","repostId":"1142823107","repostType":4,"repost":{"id":"1142823107","kind":"news","pubTimestamp":1616384869,"share":"https://www.laohunote.com/m/news/1142823107?lang=zh_CN&edition=full","pubTime":"2021-03-22 11:47","market":"us","language":"en","title":"Australia's Crown Resorts receives $6.2 billion proposal from Blackstone<blockquote>澳大利亚皇冠度假村收到黑石62亿美元的报价</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1142823107","media":"reuters","summary":"(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a c","content":"<p>(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from U.S. private equity giant Blackstone, sending its shares 19% higher.</p><p><blockquote>（路透社）-陷入困境的澳大利亚赌场运营商皇冠度假村有限公司周一表示，已收到美国私募股权巨头黑石集团的有条件收购提议，导致其股价上涨 19%。</blockquote></p><p> The indicative proposal comes as casinos and gaming operators around the world have seen values plunge as coronavirus lockdowns battered earnings, putting them on the radar of cashed-up investment firms.</p><p><blockquote>这一指示性提议出台之际，世界各地的赌场和博彩运营商的价值因冠状病毒封锁重创盈利而暴跌，使它们成为套现投资公司的关注焦点。</blockquote></p><p> Crown has suffered more than most after a year-long regulatory inquiry aired allegations of money laundering and governance failures at the company, leading to the loss of its gambling licence for its new A$2.2 billion Sydney casino last month.</p><p><blockquote>长达一年的监管调查揭露了该公司洗钱和治理失败的指控，导致上个月其耗资 22 亿澳元的新悉尼赌场失去了赌博许可证，皇冠遭受的损失比大多数人都大。</blockquote></p><p> Since then, top executives including its chief executive resigned, paving the way for Crown to repair its reputation and regain its licence with ex-federal communications minister and Chairman Helen Coonan at the helm of the overhaul.</p><p><blockquote>此后，包括首席执行官在内的高层管理人员辞职，为皇冠修复声誉并重新获得执照铺平了道路，前联邦通信部长兼董事长海伦·库南 (Helen Coonan) 负责此次改革。</blockquote></p><p> Crown said Blackstone’s proposal was A$11.85 per share, a premium of 20.2% to the company’s last closing price, and valuing it at A$8.02 billion ($6.2 billion).</p><p><blockquote>Crown 表示，黑石的报价为每股 11.85 澳元，比该公司上次收盘价溢价 20.2%，估值为 80.2 亿澳元（62 亿美元）。</blockquote></p><p> Its shares jumped to A$11.750 following news of the proposal on Monday, their highest in a year. The stock fell nearly 20% in 2020 as the inquiry exposed major flaws in the company’s governance.</p><p><blockquote>周一该提案的消息传出后，其股价跃升至 11.750 澳元，创一年来新高。由于调查暴露了公司治理的重大缺陷，该股在 2020 年下跌了近 20%。</blockquote></p><p> Blackstone currently has a 10% stake in Crown which it bought from Macau’s Melco Resorts &amp; Entertainment in April last year at just A$8.15 per share, and is the second-largest holder after billionaire founder James Packer.</p><p><blockquote>Blackstone 目前持有 Crown 10% 的股份，该公司于去年 4 月以每股 8.15 澳元的价格从澳门新濠娱乐集团手中收购，是仅次于亿万富翁创始人詹姆斯-帕克（James Packer）的第二大股东。</blockquote></p><p> The company’s board had not yet formed a view on the offer, which was subject to conditions including due diligence, arranging debt finance and Blackstone receiving gambling approvals to allow it to operate Crown’s Sydney, Melbourne and Perth licences, the company said in a statement.</p><p><blockquote>该公司在一份声明中说，该公司董事会尚未对这一收购要约形成看法，该收购要约需满足一些条件，包括尽职调查、安排债务融资以及黑石获得赌博批准，允许其经营皇冠的悉尼、墨尔本和珀斯牌照。</blockquote></p><p> Blackstone most recently acquired the Bellagio in Las Vegas for $4.25 billion, and also owns a casino resort called “The Cosmopolitan” in Las Vegas and Spanish gaming hall operator Cirsa.</p><p><blockquote>黑石集团最近以 42.5 亿美元收购了拉斯维加斯的 Bellagio，还拥有拉斯维加斯一家名为 “The Cosmopolitan ”的赌场度假村和西班牙游戏厅运营商 Cirsa。</blockquote></p><p> ($1 = 1.2967 Australian dollars)</p><p><blockquote>（1美元=1.2967澳元）</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Australia's Crown Resorts receives $6.2 billion proposal from Blackstone<blockquote>澳大利亚皇冠度假村收到黑石62亿美元的报价</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; 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color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAustralia's Crown Resorts receives $6.2 billion proposal from Blackstone<blockquote>澳大利亚皇冠度假村收到黑石62亿美元的报价</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">reuters</strong><span class=\"h-time small\">2021-03-22 11:47</span>\n</p>\n</h4>\n</header>\n<article>\n<p>(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from U.S. private equity giant Blackstone, sending its shares 19% higher.</p><p><blockquote>（路透社）-陷入困境的澳大利亚赌场运营商皇冠度假村有限公司周一表示，已收到美国私募股权巨头黑石集团的有条件收购提议，导致其股价上涨 19%。</blockquote></p><p> The indicative proposal comes as casinos and gaming operators around the world have seen values plunge as coronavirus lockdowns battered earnings, putting them on the radar of cashed-up investment firms.</p><p><blockquote>这一指示性提议出台之际，世界各地的赌场和博彩运营商的价值因冠状病毒封锁重创盈利而暴跌，使它们成为套现投资公司的关注焦点。</blockquote></p><p> Crown has suffered more than most after a year-long regulatory inquiry aired allegations of money laundering and governance failures at the company, leading to the loss of its gambling licence for its new A$2.2 billion Sydney casino last month.</p><p><blockquote>长达一年的监管调查揭露了该公司洗钱和治理失败的指控，导致上个月其耗资 22 亿澳元的新悉尼赌场失去了赌博许可证，皇冠遭受的损失比大多数人都大。</blockquote></p><p> Since then, top executives including its chief executive resigned, paving the way for Crown to repair its reputation and regain its licence with ex-federal communications minister and Chairman Helen Coonan at the helm of the overhaul.</p><p><blockquote>此后，包括首席执行官在内的高层管理人员辞职，为皇冠修复声誉并重新获得执照铺平了道路，前联邦通信部长兼董事长海伦·库南 (Helen Coonan) 负责此次改革。</blockquote></p><p> Crown said Blackstone’s proposal was A$11.85 per share, a premium of 20.2% to the company’s last closing price, and valuing it at A$8.02 billion ($6.2 billion).</p><p><blockquote>Crown 表示，黑石的报价为每股 11.85 澳元，比该公司上次收盘价溢价 20.2%，估值为 80.2 亿澳元（62 亿美元）。</blockquote></p><p> Its shares jumped to A$11.750 following news of the proposal on Monday, their highest in a year. The stock fell nearly 20% in 2020 as the inquiry exposed major flaws in the company’s governance.</p><p><blockquote>周一该提案的消息传出后，其股价跃升至 11.750 澳元，创一年来新高。由于调查暴露了公司治理的重大缺陷，该股在 2020 年下跌了近 20%。</blockquote></p><p> Blackstone currently has a 10% stake in Crown which it bought from Macau’s Melco Resorts &amp; Entertainment in April last year at just A$8.15 per share, and is the second-largest holder after billionaire founder James Packer.</p><p><blockquote>Blackstone 目前持有 Crown 10% 的股份，该公司于去年 4 月以每股 8.15 澳元的价格从澳门新濠娱乐集团手中收购，是仅次于亿万富翁创始人詹姆斯-帕克（James Packer）的第二大股东。</blockquote></p><p> The company’s board had not yet formed a view on the offer, which was subject to conditions including due diligence, arranging debt finance and Blackstone receiving gambling approvals to allow it to operate Crown’s Sydney, Melbourne and Perth licences, the company said in a statement.</p><p><blockquote>该公司在一份声明中说，该公司董事会尚未对这一收购要约形成看法，该收购要约需满足一些条件，包括尽职调查、安排债务融资以及黑石获得赌博批准，允许其经营皇冠的悉尼、墨尔本和珀斯牌照。</blockquote></p><p> Blackstone most recently acquired the Bellagio in Las Vegas for $4.25 billion, and also owns a casino resort called “The Cosmopolitan” in Las Vegas and Spanish gaming hall operator Cirsa.</p><p><blockquote>黑石集团最近以 42.5 亿美元收购了拉斯维加斯的 Bellagio，还拥有拉斯维加斯一家名为 “The Cosmopolitan ”的赌场度假村和西班牙游戏厅运营商 Cirsa。</blockquote></p><p> ($1 = 1.2967 Australian dollars)</p><p><blockquote>（1美元=1.2967澳元）</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.reuters.com/article/us-crown-resorts-m-a-blackstone-group/blackstone-proposal-values-australian-casino-operator-crown-at-6-2-billion-idUSKBN2BD0SM?il=0\">reuters</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"BX":"黑石"},"source_url":"https://www.reuters.com/article/us-crown-resorts-m-a-blackstone-group/blackstone-proposal-values-australian-casino-operator-crown-at-6-2-billion-idUSKBN2BD0SM?il=0","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142823107","content_text":"(Reuters) - Troubled Australian casino operator Crown Resorts Ltd on Monday said it had received a conditional buyout proposal from U.S. private equity giant Blackstone, sending its shares 19% higher.\nThe indicative proposal comes as casinos and gaming operators around the world have seen values plunge as coronavirus lockdowns battered earnings, putting them on the radar of cashed-up investment firms.\nCrown has suffered more than most after a year-long regulatory inquiry aired allegations of money laundering and governance failures at the company, leading to the loss of its gambling licence for its new A$2.2 billion Sydney casino last month.\nSince then, top executives including its chief executive resigned, paving the way for Crown to repair its reputation and regain its licence with ex-federal communications minister and Chairman Helen Coonan at the helm of the overhaul.\nCrown said Blackstone’s proposal was A$11.85 per share, a premium of 20.2% to the company’s last closing price, and valuing it at A$8.02 billion ($6.2 billion).\nIts shares jumped to A$11.750 following news of the proposal on Monday, their highest in a year. The stock fell nearly 20% in 2020 as the inquiry exposed major flaws in the company’s governance.\nBlackstone currently has a 10% stake in Crown which it bought from Macau’s Melco Resorts & Entertainment in April last year at just A$8.15 per share, and is the second-largest holder after billionaire founder James Packer.\nThe company’s board had not yet formed a view on the offer, which was subject to conditions including due diligence, arranging debt finance and Blackstone receiving gambling approvals to allow it to operate Crown’s Sydney, Melbourne and Perth licences, the company said in a statement.\nBlackstone most recently acquired the Bellagio in Las Vegas for $4.25 billion, and also owns a casino resort called “The Cosmopolitan” in Las Vegas and Spanish gaming hall operator Cirsa.\n($1 = 1.2967 Australian dollars)","news_type":1,"symbols_score_info":{"BX":0.9}},"isVote":1,"tweetType":1,"viewCount":2470,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":359697076,"gmtCreate":1616389666795,"gmtModify":1634526095538,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/359697076","repostId":"2121125308","repostType":4,"isVote":1,"tweetType":1,"viewCount":3214,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":324623424,"gmtCreate":1615990340868,"gmtModify":1703496057143,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Noo","listText":"Noo","text":"Noo","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/324623424","repostId":"1189043011","repostType":4,"isVote":1,"tweetType":1,"viewCount":627,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":322289462,"gmtCreate":1615810082856,"gmtModify":1703493321371,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/322289462","repostId":"2119791491","repostType":4,"isVote":1,"tweetType":1,"viewCount":711,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328486925,"gmtCreate":1615551142167,"gmtModify":1703490793770,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Buy?","listText":"Buy?","text":"Buy?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328486925","repostId":"1199318380","repostType":4,"isVote":1,"tweetType":1,"viewCount":817,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":328488835,"gmtCreate":1615551092427,"gmtModify":1703490792567,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/328488835","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615452861,"share":"https://www.laohunote.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Daylight Saving Time<blockquote>美国夏令时</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Daylight Saving Time<blockquote>美国夏令时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.","news_type":1,"symbols_score_info":{".IXIC":0.9,".DJI":0.9,".SPX":0.9}},"isVote":1,"tweetType":1,"viewCount":802,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321414452,"gmtCreate":1615461026776,"gmtModify":1703489357109,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Oh","listText":"Oh","text":"Oh","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321414452","repostId":"1142098047","repostType":4,"repost":{"id":"1142098047","kind":"news","pubTimestamp":1615456945,"share":"https://www.laohunote.com/m/news/1142098047?lang=zh_CN&edition=full","pubTime":"2021-03-11 18:02","market":"us","language":"en","title":"Why Roblox Stock Skyrocketed Wednesday<blockquote>为什么 Roblox 股价周三飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1142098047","media":"Motley Fool ","summary":"The latest stock to join the public markets exploded out of the gates.\nWhat happened\nShares of Roblo","content":"<p>The latest stock to join the public markets exploded out of the gates.</p><p><blockquote>最新一只加入公开市场的股票爆发了。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么事</b></blockquote></p><p> Shares of&nbsp;<b>Roblox</b>&nbsp;soared 54% on Wednesday, marking a successful first day of trading for the popular video game developer.</p><p><blockquote>股份<b>机器人</b>周三飙升 54%，标志着这家受欢迎的视频游戏开发商首日交易成功。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Roblox went public via a direct listing, rather than the traditional initial public offering (IPO) process. A direct listing allows a company's existing investors to sell shares directly to the public, without the need for an investment bank to underwrite the offering.</p><p><blockquote>Roblox 通过直接上市而不是传统的首次公开募股 (IPO) 流程上市。直接上市允许公司现有投资者直接向公众出售股票，而无需投资银行承销此次发行。</blockquote></p><p> \"We love the direct listing for Roblox because we're all going to come together and that first trade is going to be at the same price for everyone,\" Baszucki said during an interview with Bloomberg Television.</p><p><blockquote>巴斯祖基在接受彭博电视台采访时表示：“我们喜欢 Roblox 的直接上市，因为我们都会走到一起，而且每个人的第一笔交易都将以相同的价格进行。”</blockquote></p><p> The New York Stock Exchange set a direct listing reference price of $45 for Roblox's shares. That valued the game developer at $30 billion -- a steep increase from the $4 billion valuation investors assigned to the company in a funding round in February 2020. Still, investors apparently thought Roblox's shares were worth much more, and they bid their price up another 54% on Wednesday.</p><p><blockquote>纽约证券交易所为 Roblox 股票设定了 45 美元的直接上市参考价。这家游戏开发商的估值为 300 亿美元，比投资者在 2020 年 2 月的一轮融资中给予该公司的 40 亿美元估值大幅增加。尽管如此，投资者显然认为 Roblox 的股票价值更高，并在周三将股价又提高了 54%。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> Roblox has enjoyed tremendous growth during the coronavirus pandemic, as parents sought out safer forms of entertainment for their children. More than 8 million developers use Roblox's tools to design 3D virtual experiences for the platform's 37 million users. The company's revenue, in turn, rocketed 82% to $923.9 million in 2020.</p><p><blockquote>在冠状病毒大流行期间，随着父母为孩子寻找更安全的娱乐形式，Roblox 实现了巨大的增长。超过800万开发人员使用Roblox的工具为该平台的3700万用户设计3D虚拟体验。2020 年，该公司的收入猛增 82%，达到 9.239 亿美元。</blockquote></p><p> Looking ahead, Roblox sees its revenue rising as much as 64% to $1.5 billion in 2021. However, it cautions that growth could slow as the COVID-19 crisis subsides and children have more forms of entertainment available to them once again.</p><p><blockquote>展望未来，Roblox 预计 2021 年收入将增长 64%，达到 15 亿美元。然而，它警告说，随着 COVID-19 危机的消退以及儿童再次拥有更多形式的娱乐，增长可能会放缓。</blockquote></p><p> \"We headed into 2020 with strong organic growth which was further bolstered by social distancing restrictions,\" chief financial officer Michael Guthrie said on March 2. \"As those restrictions ease, we expect the rates of growth in 2021 will be well below the rates in 2020.\"</p><p><blockquote>首席财务官迈克尔·格思里 (Michael Guthrie) 3 月 2 日表示：“我们进入 2020 年时实现了强劲的有机增长，而社交距离限制进一步支撑了这一增长。”“随着这些限制的放松，我们预计 2021 年的增长率将远低于 2020 年的增长率。”</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why Roblox Stock Skyrocketed Wednesday<blockquote>为什么 Roblox 股价周三飙升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy Roblox Stock Skyrocketed Wednesday<blockquote>为什么 Roblox 股价周三飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">Motley Fool </strong><span class=\"h-time small\">2021-03-11 18:02</span>\n</p>\n</h4>\n</header>\n<article>\n<p>The latest stock to join the public markets exploded out of the gates.</p><p><blockquote>最新一只加入公开市场的股票爆发了。</blockquote></p><p> <b>What happened</b></p><p><blockquote><b>发生了什么事</b></blockquote></p><p> Shares of&nbsp;<b>Roblox</b>&nbsp;soared 54% on Wednesday, marking a successful first day of trading for the popular video game developer.</p><p><blockquote>股份<b>机器人</b>周三飙升 54%，标志着这家受欢迎的视频游戏开发商首日交易成功。</blockquote></p><p> <b>So what</b></p><p><blockquote><b>那又怎样</b></blockquote></p><p> Roblox went public via a direct listing, rather than the traditional initial public offering (IPO) process. A direct listing allows a company's existing investors to sell shares directly to the public, without the need for an investment bank to underwrite the offering.</p><p><blockquote>Roblox 通过直接上市而不是传统的首次公开募股 (IPO) 流程上市。直接上市允许公司现有投资者直接向公众出售股票，而无需投资银行承销此次发行。</blockquote></p><p> \"We love the direct listing for Roblox because we're all going to come together and that first trade is going to be at the same price for everyone,\" Baszucki said during an interview with Bloomberg Television.</p><p><blockquote>巴斯祖基在接受彭博电视台采访时表示：“我们喜欢 Roblox 的直接上市，因为我们都会走到一起，而且每个人的第一笔交易都将以相同的价格进行。”</blockquote></p><p> The New York Stock Exchange set a direct listing reference price of $45 for Roblox's shares. That valued the game developer at $30 billion -- a steep increase from the $4 billion valuation investors assigned to the company in a funding round in February 2020. Still, investors apparently thought Roblox's shares were worth much more, and they bid their price up another 54% on Wednesday.</p><p><blockquote>纽约证券交易所为 Roblox 股票设定了 45 美元的直接上市参考价。这家游戏开发商的估值为 300 亿美元，比投资者在 2020 年 2 月的一轮融资中给予该公司的 40 亿美元估值大幅增加。尽管如此，投资者显然认为 Roblox 的股票价值更高，并在周三将股价又提高了 54%。</blockquote></p><p> <b>Now what</b></p><p><blockquote><b>现在呢</b></blockquote></p><p> Roblox has enjoyed tremendous growth during the coronavirus pandemic, as parents sought out safer forms of entertainment for their children. More than 8 million developers use Roblox's tools to design 3D virtual experiences for the platform's 37 million users. The company's revenue, in turn, rocketed 82% to $923.9 million in 2020.</p><p><blockquote>在冠状病毒大流行期间，随着父母为孩子寻找更安全的娱乐形式，Roblox 实现了巨大的增长。超过800万开发人员使用Roblox的工具为该平台的3700万用户设计3D虚拟体验。2020 年，该公司的收入猛增 82%，达到 9.239 亿美元。</blockquote></p><p> Looking ahead, Roblox sees its revenue rising as much as 64% to $1.5 billion in 2021. However, it cautions that growth could slow as the COVID-19 crisis subsides and children have more forms of entertainment available to them once again.</p><p><blockquote>展望未来，Roblox 预计 2021 年收入将增长 64%，达到 15 亿美元。然而，它警告说，随着 COVID-19 危机的消退以及儿童再次拥有更多形式的娱乐，增长可能会放缓。</blockquote></p><p> \"We headed into 2020 with strong organic growth which was further bolstered by social distancing restrictions,\" chief financial officer Michael Guthrie said on March 2. \"As those restrictions ease, we expect the rates of growth in 2021 will be well below the rates in 2020.\"</p><p><blockquote>首席财务官迈克尔·格思里 (Michael Guthrie) 3 月 2 日表示：“我们进入 2020 年时实现了强劲的有机增长，而社交距离限制进一步支撑了这一增长。”“随着这些限制的放松，我们预计 2021 年的增长率将远低于 2020 年的增长率。”</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.fool.com/investing/2021/03/10/why-roblox-stock-skyrocketed-today/\">Motley Fool </a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"RBLX":"Roblox Corporation"},"source_url":"https://www.fool.com/investing/2021/03/10/why-roblox-stock-skyrocketed-today/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1142098047","content_text":"The latest stock to join the public markets exploded out of the gates.\nWhat happened\nShares of Roblox soared 54% on Wednesday, marking a successful first day of trading for the popular video game developer.\nSo what\nRoblox went public via a direct listing, rather than the traditional initial public offering (IPO) process. A direct listing allows a company's existing investors to sell shares directly to the public, without the need for an investment bank to underwrite the offering.\n\"We love the direct listing for Roblox because we're all going to come together and that first trade is going to be at the same price for everyone,\" Baszucki said during an interview with Bloomberg Television.\nThe New York Stock Exchange set a direct listing reference price of $45 for Roblox's shares. That valued the game developer at $30 billion -- a steep increase from the $4 billion valuation investors assigned to the company in a funding round in February 2020. Still, investors apparently thought Roblox's shares were worth much more, and they bid their price up another 54% on Wednesday.\nNow what\nRoblox has enjoyed tremendous growth during the coronavirus pandemic, as parents sought out safer forms of entertainment for their children. More than 8 million developers use Roblox's tools to design 3D virtual experiences for the platform's 37 million users. The company's revenue, in turn, rocketed 82% to $923.9 million in 2020.\nLooking ahead, Roblox sees its revenue rising as much as 64% to $1.5 billion in 2021. However, it cautions that growth could slow as the COVID-19 crisis subsides and children have more forms of entertainment available to them once again.\n\"We headed into 2020 with strong organic growth which was further bolstered by social distancing restrictions,\" chief financial officer Michael Guthrie said on March 2. \"As those restrictions ease, we expect the rates of growth in 2021 will be well below the rates in 2020.\"","news_type":1,"symbols_score_info":{"RBLX":0.9}},"isVote":1,"tweetType":1,"viewCount":945,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":321414669,"gmtCreate":1615461013451,"gmtModify":1703489356587,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Cool","listText":"Cool","text":"Cool","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/321414669","repostId":"1199156489","repostType":4,"repost":{"id":"1199156489","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1615452861,"share":"https://www.laohunote.com/m/news/1199156489?lang=zh_CN&edition=full","pubTime":"2021-03-11 16:54","market":"us","language":"en","title":"US Daylight Saving Time<blockquote>美国夏令时</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1199156489","media":"Tiger Newspress","summary":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving tim","content":"<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US Daylight Saving Time<blockquote>美国夏令时</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Daylight Saving Time<blockquote>美国夏令时</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time smaller\">2021-03-11 16:54</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>From&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;March&nbsp;14(this&nbsp;Sunday),the&nbsp;North America&nbsp;region&nbsp;entered&nbsp;daylight saving&nbsp;time,until&nbsp;02:00&nbsp;U.S.&nbsp;East&nbsp;time&nbsp;ends&nbsp;on&nbsp;November&nbsp;7,2021.</p><p><blockquote>从美国东部时间3月14日（本周日）02:00开始， 北美地区进入夏令时， 直到美国东部时间2021年11月7日02:00结束。</blockquote></p><p>So,starting&nbsp;on&nbsp;Monday,March&nbsp;14,the&nbsp;U.S.&nbsp;market&nbsp;will&nbsp;open&nbsp;and&nbsp;close&nbsp;one&nbsp;hour&nbsp;ahead&nbsp;of&nbsp;schedule&nbsp;during&nbsp;north&nbsp;american&nbsp;daylight saving time,i.e.,U.S.&nbsp;trading&nbsp;time&nbsp;will&nbsp;be&nbsp;changed&nbsp;to&nbsp;21:30&nbsp;beijing&nbsp;time&nbsp;to&nbsp;04:00&nbsp;a.m.the&nbsp;next&nbsp;day,pre-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;16:00&nbsp;to&nbsp;21:30,after-trade&nbsp;time&nbsp;will&nbsp;be&nbsp;04:00&nbsp;to&nbsp;8:00.</p><p><blockquote>因此，从3月14日（星期一）开始，美国市场将在北美夏令时提前一小时开盘和收盘，即美国交易时间将改为北京时间21:30至凌晨04:00，交易前时间为16:00至21:30，交易后时间为04:00至8:00。</blockquote></p><p><b>What is daylight saving time?</b></p><p><blockquote><b>什么是夏令时？</b></blockquote></p><p>The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.</p><p><blockquote>夏令时是在夏季将时钟拨快一小时的做法，这样白天就能持续到晚上。大多数北美和欧洲都遵循这一习俗，而其他大多数国家则不遵循这一习俗。</blockquote></p><p>Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status quo.</p><p><blockquote>夏威夷、美属萨摩亚、关岛、波多黎各、美属维尔京群岛和亚利桑那州大部分地区不实行夏令时。维持现状是当务之急。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".IXIC":"NASDAQ Composite",".SPX":"S&P 500 Index",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1199156489","content_text":"From 02:00 U.S. East time March 14(this Sunday),the North America region entered daylight saving time,until 02:00 U.S. East time ends on November 7,2021.So,starting on Monday,March 14,the U.S. market will open and close one hour ahead of schedule during north american daylight saving time,i.e.,U.S. trading time will be changed to 21:30 beijing time to 04:00 a.m.the next day,pre-trade time will be 16:00 to 21:30,after-trade time will be 04:00 to 8:00.What is daylight saving time?The DST is the practice of moving clocks forward by one hour during summer months so that daylight lasts longer into evening. Most of North America and Europe follows the custom, while the majority of countries elsewhere do not.Hawaii, American Samoa, Guam, Puerto Rico, the US Virgin Islands and most of Arizona don’t observe daylight saving time. It’s incumbent to stick with the status 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22:53","market":"us","language":"en","title":"Ocugen stock soars after partner Bharat Biotech COVID-19 vaccine candidate shows 81% efficacy<blockquote>合作伙伴 Bharat Biotech COVID-19 候选疫苗显示出 81% 的有效率后，Ocugen 股价飙升</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1172714394","media":"老虎资讯综合","summary":"(March 3) Shares of Histogenics soared 41.0%, after the biopharmaceutical company said its co-develo","content":"<p>(March 3)&nbsp;Shares of <a href=\"https://laohu8.com/S/OCGN\">Histogenics</a> soared 41.0%, after the biopharmaceutical company said its co-development partner Bharat Biotech released an interim analysis of its Phase 3 trial of its COVID-19 vaccine candidate, COVAXIN, which demonstrated efficacy of 81%.</p><p><blockquote>（3月3日）<a href=\"https://laohu8.com/S/OCGN\">组织发生学</a>该生物制药公司表示，其共同开发合作伙伴 Bharat Biotech 发布了其 COVID-19 候选疫苗科瓦克辛 3 期试验的中期分析，结果显示有效率为 81%，股价飙升 41.0%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/89ef5f4dcb688419ea9c6f73c920ffb8\" tg-width=\"1068\" tg-height=\"517\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Bharat's Phase 3 trial in India enrolled 25,800 participants aged 18 to 91, and the first interim analysis is based on 43 cases. A review of the safety database showed severe, serious and medically attended adverse events occurred at low levels and balanced between vaccine and placebo groups.</p><p><blockquote>Bharat 在印度的 3 期试验招募了 25,800 名年龄在 18 至 91 岁之间的参与者，第一次中期分析基于 43 个病例。对安全性数据库的审查显示，疫苗组和安慰剂组之间发生的严重、严重和医疗护理的不良事件水平较低且平衡。</blockquote></p><p>\"These results, which in part suggest significant immunogenicity against the rapidly emerging UK variant, represent an additional step towards outlining the regulatory pathway for EUA and approval in the United States,\" said Ocugen Chief Executive Shankar Musunuri.</p><p><blockquote>Ocugen 首席执行官 Shankar Musunuri 表示：“这些结果在一定程度上表明对快速出现的英国变种具有显着的免疫原性，代表着朝着概述美国 EUA 和批准的监管途径又迈出了一步。”</blockquote></p><p>\"COVAXIN, a whole virion based vaccine candidate, is designed to fill a significant unmet need in our national arsenal of vaccines against COVID-19.\" Ocugen's stock has skyrocketed 3,071.5% over the past three months, while the iShares Nasdaq Biotechnology ETF has tacked on 6.8% and the S&amp;P 500 has gained 5.6%.</p><p><blockquote>“科瓦克辛是一种基于全病毒体的候选疫苗，旨在满足我们国家针对 COVID-19 的疫苗库中尚未满足的重大需求。”过去三个月，Ocugen 的股价飙升了 3,071.5%，iShares 纳斯达克生物技术 ETF 上涨了 6.8%，标普500上涨了 5.6%。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Ocugen stock soars after partner Bharat Biotech COVID-19 vaccine candidate shows 81% efficacy<blockquote>合作伙伴 Bharat Biotech COVID-19 候选疫苗显示出 81% 的有效率后，Ocugen 股价飙升</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOcugen stock soars after partner Bharat Biotech COVID-19 vaccine candidate shows 81% efficacy<blockquote>合作伙伴 Bharat Biotech COVID-19 候选疫苗显示出 81% 的有效率后，Ocugen 股价飙升</blockquote>\n</h2>\n<h4 class=\"meta\">\n<a class=\"head\" href=\"https://laohu8.com/wemedia/102\">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">老虎资讯综合 </p>\n<p class=\"h-time smaller\">2021-03-03 22:53</p>\n</div>\n</a>\n</h4>\n</header>\n<article>\n<p>(March 3)&nbsp;Shares of <a href=\"https://laohu8.com/S/OCGN\">Histogenics</a> soared 41.0%, after the biopharmaceutical company said its co-development partner Bharat Biotech released an interim analysis of its Phase 3 trial of its COVID-19 vaccine candidate, COVAXIN, which demonstrated efficacy of 81%.</p><p><blockquote>（3月3日）<a href=\"https://laohu8.com/S/OCGN\">组织发生学</a>该生物制药公司表示，其共同开发合作伙伴 Bharat Biotech 发布了其 COVID-19 候选疫苗科瓦克辛 3 期试验的中期分析，结果显示有效率为 81%，股价飙升 41.0%。</blockquote></p><p><img src=\"https://static.tigerbbs.com/89ef5f4dcb688419ea9c6f73c920ffb8\" tg-width=\"1068\" tg-height=\"517\" referrerpolicy=\"no-referrer\"></p><p><blockquote></blockquote></p><p>Bharat's Phase 3 trial in India enrolled 25,800 participants aged 18 to 91, and the first interim analysis is based on 43 cases. A review of the safety database showed severe, serious and medically attended adverse events occurred at low levels and balanced between vaccine and placebo groups.</p><p><blockquote>Bharat 在印度的 3 期试验招募了 25,800 名年龄在 18 至 91 岁之间的参与者，第一次中期分析基于 43 个病例。对安全性数据库的审查显示，疫苗组和安慰剂组之间发生的严重、严重和医疗护理的不良事件水平较低且平衡。</blockquote></p><p>\"These results, which in part suggest significant immunogenicity against the rapidly emerging UK variant, represent an additional step towards outlining the regulatory pathway for EUA and approval in the United States,\" said Ocugen Chief Executive Shankar Musunuri.</p><p><blockquote>Ocugen 首席执行官 Shankar Musunuri 表示：“这些结果在一定程度上表明对快速出现的英国变种具有显着的免疫原性，代表着朝着概述美国 EUA 和批准的监管途径又迈出了一步。”</blockquote></p><p>\"COVAXIN, a whole virion based vaccine candidate, is designed to fill a significant unmet need in our national arsenal of vaccines against COVID-19.\" Ocugen's stock has skyrocketed 3,071.5% over the past three months, while the iShares Nasdaq Biotechnology ETF has tacked on 6.8% and the S&amp;P 500 has gained 5.6%.</p><p><blockquote>“科瓦克辛是一种基于全病毒体的候选疫苗，旨在满足我们国家针对 COVID-19 的疫苗库中尚未满足的重大需求。”过去三个月，Ocugen 的股价飙升了 3,071.5%，iShares 纳斯达克生物技术 ETF 上涨了 6.8%，标普500上涨了 5.6%。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"OCGN":"Ocugen"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1172714394","content_text":"(March 3) Shares of Histogenics soared 41.0%, after the biopharmaceutical company said its co-development partner Bharat Biotech released an interim analysis of its Phase 3 trial of its COVID-19 vaccine candidate, COVAXIN, which demonstrated efficacy of 81%.Bharat's Phase 3 trial in India enrolled 25,800 participants aged 18 to 91, and the first interim analysis is based on 43 cases. A review of the safety database showed severe, serious and medically attended adverse events occurred at low levels and balanced between vaccine and placebo groups.\"These results, which in part suggest significant immunogenicity against the rapidly emerging UK variant, represent an additional step towards outlining the regulatory pathway for EUA and approval in the United States,\" said Ocugen Chief Executive Shankar Musunuri.\"COVAXIN, a whole virion based vaccine candidate, is designed to fill a significant unmet need in our national arsenal of vaccines against COVID-19.\" Ocugen's stock has skyrocketed 3,071.5% over the past three months, while the iShares Nasdaq Biotechnology ETF has tacked on 6.8% and the S&P 500 has gained 5.6%.","news_type":1,"symbols_score_info":{"OCGN":0.9}},"isVote":1,"tweetType":1,"viewCount":409,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":365897688,"gmtCreate":1614723670844,"gmtModify":1703480273295,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Wow","listText":"Wow","text":"Wow","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":2,"repostSize":0,"link":"https://laohu8.com/post/365897688","repostId":"1172570236","repostType":4,"isVote":1,"tweetType":1,"viewCount":544,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":360379542,"gmtCreate":1613859653686,"gmtModify":1631886288512,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"<a 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Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga Earnings","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1616681460,"share":"https://www.laohunote.com/m/news/1189183750?lang=zh_CN&edition=full","pubTime":"2021-03-25 22:11","market":"us","language":"en","title":"16 Stocks Being Perceived As NFT Plays (That May Or May Not Have Anything To Do With NFTs)<blockquote>16 只被视为 NFT 游戏的股票（可能与 NFT 无关，也可能无关）</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1189183750","media":"Benzinga Earnings","summary":"Each of the stocks in the list below moved higher this week, likely related to trader talk on social","content":"<p>Each of the stocks in the list below moved higher this week, likely related to trader talk on social media that they are&nbsp;non-fungible token&nbsp;plays. Benzinga has been unable to&nbsp;confirm whether some of these names have any direct attachment to NFTs.</p><p><blockquote>下面列表中的每只股票本周都走高，可能与交易员在社交媒体上谈论它们是不可替代的代币交易有关。Benzinga 无法确认其中一些名称是否与 NFT 有任何直接联系。</blockquote></p><p>Some of these names are related to online platforms for art. The art industry has been a rather early adopter of NFT usage; however, many of these companies have never mentioned NFTs, and any indication a company will be using NFTs as a medium for art is only speculation.</p><p><blockquote>其中一些名字与在线艺术平台有关。艺术行业是NFT使用的早期采用者；然而，这些公司中的许多从未提及NFT，任何公司将使用NFT作为艺术媒介的迹象都只是猜测。</blockquote></p><p><b>Stocks with a direct connection to NFTs</b>(or phrase \"non-fungible token\" has been&nbsp;mentioned by company exec):</p><p><blockquote><b>与 NFT 直接相关的股票</b>（或公司高管提到短语“不可替代令牌”）：</blockquote></p><p><ul><li><b>Dolphin Entertainment</b>(NASDAQ:DLPN) – On Tuesday, the company announced the launch of an NFT creation and marketing unit.</li><li><b>ZK International</b>(NASDAQ:ZKIN) – The company announced its subsidiary, xSigma, launched its NFT platform on&nbsp;<b>Ethereum</b>(CRYPTO: ETH)&nbsp;and polkadot blockchains.</li><li><b>PLBY Group</b>(NASDAQ:PLBY) – Playboy CEO Ben Kohn, at a recent Roth Capital conference, highlighted the opportunity for the company to utilize NFT technology given its huge portfolio of photographs and digital assets. Kohn indicated the NFT opportunity is substantial enough that Playboy decided to handle it internally. Kohn said he could not share any further details.</li><li><b>Funko</b>(NASDAQ:FNKO) – Funko's CEO said its management is \"excited\" about NFTs and has \"a plan in place … to be in the market fairly soon. We have the ability to disrupt the non-fungible token market in a way that nobody else is doing right now.\" The company&nbsp;currently has no exposure to NFTs.</li></ul><b>Stocks with no direct connection to NFTs</b>(or \"non-fungible token\" has never been mentioned by company exec in print):</p><p><blockquote><ul><li><b>海豚娱乐</b>（纳斯达克股票代码：DLPN）——周二，该公司宣布成立 NFT 创作和营销部门。</li><li><b>ZK国际</b>（纳斯达克股票代码：ZKIN）——该公司宣布其子公司xSigma在<b>以太币</b>（加密：ETH）和polkadot区块链。</li><li><b>PLBY集团</b>（纳斯达克股票代码：PLBY）——《花花公子》首席执行官本·科恩 (Ben Kohn) 在最近的罗斯资本会议上强调了该公司利用 NFT 技术的机会，因为其庞大的照片和数字资产组合。科恩表示，NFT的机会足够大，以至于《花花公子》决定在内部处理它。科恩说他不能分享任何进一步的细节。</li><li><b>芬科</b>（纳斯达克股票代码：FNKO）——Funko 的首席执行官表示，其管理层对 NFT 感到“兴奋”，并“制定了一项计划……很快就会进入市场。我们有能力以一种其他人现在都没有做到的方式扰乱不可替代的代币市场。”该公司目前没有接触 NFT。</li></ul><b>与 NFT 没有直接联系的股票</b>（或者公司高管从未在印刷品中提及“不可替代令牌”）：</blockquote></p><p></p><p><ul><li><b>Liquid Media</b>(NASDAQ:YVR) – No direct connection to NFTs. A company spokesperson told Benzinga the company \"has not made any announcements about entering the NFT market.\"</li><li><b>Lion Group Holding</b>(NASDAQ:LGHL) – No direct connection to NFTs. A February press release from the company said it would be working with Grandshores Technology to provide blockchain technology support and digital asset platforms.</li><li><b>Takung Art</b>(NYSE:TKAT) – No direct connection to NFTs. The company is an operator of an online electronic platform for offering and trading artwork. On March&nbsp;18, the company issued a statement that said \"it not aware of any material developments that would account for recent trading volume.\"</li><li>While some may consider an online electronic platform for artwork to be related to NFTs, the company has never mentioned the phrase \"non-fungible tokens.\"</li><li><b>Mercurity Fintech</b>(NASDAQ:MFH) – No direct connection to NFTs. The company is a provider of digital asset trading infrastructure solutions based on internet and blockchain technologies. The company has never publicly mentioned the phrase \"non-fungible tokens.\"</li><li><b>Global Internet of People</b>(NASDAQ:SDH) – No direct connection to NFTs. A profile of the company does not mention the company is related to digital assets in any way. The company calls itself a provider and consultant for an \"internet intelligence platform.\"</li><li><b>Leaf Group</b>(NYSE:LEAF) – No direction connections to NFTs. The company owns Saatchi Art, an online art gallery. Saatchi has never indicated it will use NFT.</li><li>A BTIG analyst issued a note initiating coverage on Leaf with a Buy rating and said: \"We believe LEAF is working to take advantage of the opportunity NFTs present. While we can only guess at its potential plans, the logical route would be to form a marketplace for the buying and selling of NFTs.\"</li><li><b>Kuke Music</b>(NYSE:KUKE) – No direct connection to NFTs. The company provides classical music licensing and education services in China.</li><li><b>Greenpro Capital</b>(NASDAQ:GRNQ) – No direct connection to NFTs. The company is a provider of business solutions, including cloud system resolution, financial consulting services and corporate account services. The company invests in CryptoSX, a digital assets exchange that allows issuers to tokenize, investors to buy, sell digital assets. While this seems to be tangential to NFT, the company has never specifically used the phrase \"non-fungible tokens.\"</li><li><b>Monaker Group</b>(NASDAQ:MKGI) – No direct connection to NFTs. The company is a technology-driven travel and logistics company. The company holds an indirect ownership stake in an Initial Coin Offering crypto portal.</li><li><b>GigaMedia</b>(NASDAQ:GIGM) – No direct&nbsp;connection to NFTs. The company is a publisher of online games.</li><li><b>Creatd</b>(NASDAQ:CRTD) – No direct connection to NFTs. The company owns a technology platform that allows creators of blogs, podcasts, etc with storytelling tools and opportunities to monetize their content.</li><li><b>SRAX Inc</b>(NASDAQ:SRAX) – No direct connection to NFTs. An NFT aficionado, Brock Pierce, recently joined the company's board. SRAX has never specifically mentioned anything about NFTs in print.</li></ul>Also note each of these stocks can be generally referred to as a \"low-float stock,\" having under 30 million shares in their float. Low-float stocks are more susceptible to manipulation by traders.</p><p><blockquote><ul><li><b>液体介质</b>（纳斯达克股票代码：YVR）——与 NFT 没有直接联系。公司发言人告诉 Benzinga，该公司“尚未发布任何有关进入 NFT 市场的公告”。</li><li><b>利昂集团控股</b>（纳斯达克股票代码：LGHL）——与 NFT 没有直接联系。该公司2月份的一份新闻稿称，它将与Grandshores Technology合作，提供区块链技术支持和数字资产平台。</li><li><b>塔贡艺术</b>（纽约证券交易所代码：TKAT）–与NFT没有直接联系。该公司是一家提供和交易艺术品的在线电子平台的运营商。3月18日，该公司发表声明称，“不知道有任何重大进展会影响近期的交易量。”</li><li>虽然有些人可能认为艺术品的在线电子平台与 NFT 有关，但该公司从未提及“不可替代代币”一词。</li><li><b>水星金融科技</b>（纳斯达克股票代码：MFH）——与 NFT 没有直接联系。该公司是一家基于互联网和区块链技术的数字资产交易基础设施解决方案提供商。该公司从未公开提及“不可替代代币”一词。</li><li><b>全球人民互联网</b>（纳斯达克股票代码：SDH）——与 NFT 没有直接联系。该公司的简介没有提到该公司以任何方式与数字资产相关。评级公司本身就是一个“互联网智能平台”的提供商和顾问。</li><li><b>叶群</b>（纽约证券交易所代码：LEAF）–与NFT没有方向连接。该公司拥有在线艺术画廊 Saatchi Art。萨奇从未表示将使用 NFT。</li><li>BTIG 的一位分析师发布了一份报告，开始对 Leaf 进行买入评级，并表示：“我们相信 Leaf 正在努力利用 NFT 带来的机会。虽然我们只能猜测其潜在计划，但合乎逻辑的路线是形成一个买卖 NFT 的市场。”</li><li><b>酷客音乐</b>（纽约证券交易所代码：KUKE）——与 NFT 没有直接联系。该公司在中国提供古典音乐授权和教育服务。</li><li><b>格林普罗资本</b>（纳斯达克股票代码：GRNQ）——与 NFT 没有直接联系。该公司是一家业务解决方案提供商，包括云系统解决方案、财务咨询服务和企业账户服务。该公司投资了CryptoSX，这是一个数字资产交易所，允许发行人代币化，投资者购买和出售数字资产。虽然这似乎与 NFT 无关，但该公司从未明确使用过“不可替代代币”一词。</li><li><b>莫纳克集团</b>（纳斯达克股票代码：MKGI）——与 NFT 没有直接联系。该公司是一家技术驱动的旅行和物流公司。该公司持有初始硬币发行加密门户网站的间接所有权股份。</li><li><b>千兆媒体</b>（纳斯达克股票代码：GIGM）——与 NFT 没有直接联系。该公司是一家网络游戏发行商。</li><li><b>创建</b>（纳斯达克股票代码：CRTD）——与 NFT 没有直接联系。该公司拥有一个技术平台，允许博客、播客等的创作者使用讲故事的工具和机会将他们的内容货币化。</li><li><b>SRAX公司</b>（纳斯达克股票代码：SRAX）——与 NFT 没有直接联系。NFT爱好者布洛克·皮尔斯最近加入了该公司的董事会。SRAX从未在印刷品中明确提及任何关于NFTs的事情。</li></ul>另请注意，这些股票中的每只通常都被称为“低流通股”，其流通股数量少于 3000 万股。低流通量股票更容易受到交易者的操纵。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>16 Stocks Being Perceived As NFT Plays (That May Or May Not Have Anything To Do With NFTs)<blockquote>16 只被视为 NFT 游戏的股票（可能与 NFT 无关，也可能无关）</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\n16 Stocks Being Perceived As NFT Plays (That May Or May Not Have Anything To Do With NFTs)<blockquote>16 只被视为 NFT 游戏的股票（可能与 NFT 无关，也可能无关）</blockquote>\n</h2>\n<h4 class=\"meta\">\n<div class=\"head\" \">\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga Earnings </p>\n<p class=\"h-time smaller\">2021-03-25 22:11</p>\n</div>\n</div>\n</h4>\n</header>\n<article>\n<p>Each of the stocks in the list below moved higher this week, likely related to trader talk on social media that they are&nbsp;non-fungible token&nbsp;plays. Benzinga has been unable to&nbsp;confirm whether some of these names have any direct attachment to NFTs.</p><p><blockquote>下面列表中的每只股票本周都走高，可能与交易员在社交媒体上谈论它们是不可替代的代币交易有关。Benzinga 无法确认其中一些名称是否与 NFT 有任何直接联系。</blockquote></p><p>Some of these names are related to online platforms for art. The art industry has been a rather early adopter of NFT usage; however, many of these companies have never mentioned NFTs, and any indication a company will be using NFTs as a medium for art is only speculation.</p><p><blockquote>其中一些名字与在线艺术平台有关。艺术行业是NFT使用的早期采用者；然而，这些公司中的许多从未提及NFT，任何公司将使用NFT作为艺术媒介的迹象都只是猜测。</blockquote></p><p><b>Stocks with a direct connection to NFTs</b>(or phrase \"non-fungible token\" has been&nbsp;mentioned by company exec):</p><p><blockquote><b>与 NFT 直接相关的股票</b>（或公司高管提到短语“不可替代令牌”）：</blockquote></p><p><ul><li><b>Dolphin Entertainment</b>(NASDAQ:DLPN) – On Tuesday, the company announced the launch of an NFT creation and marketing unit.</li><li><b>ZK International</b>(NASDAQ:ZKIN) – The company announced its subsidiary, xSigma, launched its NFT platform on&nbsp;<b>Ethereum</b>(CRYPTO: ETH)&nbsp;and polkadot blockchains.</li><li><b>PLBY Group</b>(NASDAQ:PLBY) – Playboy CEO Ben Kohn, at a recent Roth Capital conference, highlighted the opportunity for the company to utilize NFT technology given its huge portfolio of photographs and digital assets. Kohn indicated the NFT opportunity is substantial enough that Playboy decided to handle it internally. Kohn said he could not share any further details.</li><li><b>Funko</b>(NASDAQ:FNKO) – Funko's CEO said its management is \"excited\" about NFTs and has \"a plan in place … to be in the market fairly soon. We have the ability to disrupt the non-fungible token market in a way that nobody else is doing right now.\" The company&nbsp;currently has no exposure to NFTs.</li></ul><b>Stocks with no direct connection to NFTs</b>(or \"non-fungible token\" has never been mentioned by company exec in print):</p><p><blockquote><ul><li><b>海豚娱乐</b>（纳斯达克股票代码：DLPN）——周二，该公司宣布成立 NFT 创作和营销部门。</li><li><b>ZK国际</b>（纳斯达克股票代码：ZKIN）——该公司宣布其子公司xSigma在<b>以太币</b>（加密：ETH）和polkadot区块链。</li><li><b>PLBY集团</b>（纳斯达克股票代码：PLBY）——《花花公子》首席执行官本·科恩 (Ben Kohn) 在最近的罗斯资本会议上强调了该公司利用 NFT 技术的机会，因为其庞大的照片和数字资产组合。科恩表示，NFT的机会足够大，以至于《花花公子》决定在内部处理它。科恩说他不能分享任何进一步的细节。</li><li><b>芬科</b>（纳斯达克股票代码：FNKO）——Funko 的首席执行官表示，其管理层对 NFT 感到“兴奋”，并“制定了一项计划……很快就会进入市场。我们有能力以一种其他人现在都没有做到的方式扰乱不可替代的代币市场。”该公司目前没有接触 NFT。</li></ul><b>与 NFT 没有直接联系的股票</b>（或者公司高管从未在印刷品中提及“不可替代令牌”）：</blockquote></p><p></p><p><ul><li><b>Liquid Media</b>(NASDAQ:YVR) – No direct connection to NFTs. A company spokesperson told Benzinga the company \"has not made any announcements about entering the NFT market.\"</li><li><b>Lion Group Holding</b>(NASDAQ:LGHL) – No direct connection to NFTs. A February press release from the company said it would be working with Grandshores Technology to provide blockchain technology support and digital asset platforms.</li><li><b>Takung Art</b>(NYSE:TKAT) – No direct connection to NFTs. The company is an operator of an online electronic platform for offering and trading artwork. On March&nbsp;18, the company issued a statement that said \"it not aware of any material developments that would account for recent trading volume.\"</li><li>While some may consider an online electronic platform for artwork to be related to NFTs, the company has never mentioned the phrase \"non-fungible tokens.\"</li><li><b>Mercurity Fintech</b>(NASDAQ:MFH) – No direct connection to NFTs. The company is a provider of digital asset trading infrastructure solutions based on internet and blockchain technologies. The company has never publicly mentioned the phrase \"non-fungible tokens.\"</li><li><b>Global Internet of People</b>(NASDAQ:SDH) – No direct connection to NFTs. A profile of the company does not mention the company is related to digital assets in any way. The company calls itself a provider and consultant for an \"internet intelligence platform.\"</li><li><b>Leaf Group</b>(NYSE:LEAF) – No direction connections to NFTs. The company owns Saatchi Art, an online art gallery. Saatchi has never indicated it will use NFT.</li><li>A BTIG analyst issued a note initiating coverage on Leaf with a Buy rating and said: \"We believe LEAF is working to take advantage of the opportunity NFTs present. While we can only guess at its potential plans, the logical route would be to form a marketplace for the buying and selling of NFTs.\"</li><li><b>Kuke Music</b>(NYSE:KUKE) – No direct connection to NFTs. The company provides classical music licensing and education services in China.</li><li><b>Greenpro Capital</b>(NASDAQ:GRNQ) – No direct connection to NFTs. The company is a provider of business solutions, including cloud system resolution, financial consulting services and corporate account services. The company invests in CryptoSX, a digital assets exchange that allows issuers to tokenize, investors to buy, sell digital assets. While this seems to be tangential to NFT, the company has never specifically used the phrase \"non-fungible tokens.\"</li><li><b>Monaker Group</b>(NASDAQ:MKGI) – No direct connection to NFTs. The company is a technology-driven travel and logistics company. The company holds an indirect ownership stake in an Initial Coin Offering crypto portal.</li><li><b>GigaMedia</b>(NASDAQ:GIGM) – No direct&nbsp;connection to NFTs. The company is a publisher of online games.</li><li><b>Creatd</b>(NASDAQ:CRTD) – No direct connection to NFTs. The company owns a technology platform that allows creators of blogs, podcasts, etc with storytelling tools and opportunities to monetize their content.</li><li><b>SRAX Inc</b>(NASDAQ:SRAX) – No direct connection to NFTs. An NFT aficionado, Brock Pierce, recently joined the company's board. SRAX has never specifically mentioned anything about NFTs in print.</li></ul>Also note each of these stocks can be generally referred to as a \"low-float stock,\" having under 30 million shares in their float. Low-float stocks are more susceptible to manipulation by traders.</p><p><blockquote><ul><li><b>液体介质</b>（纳斯达克股票代码：YVR）——与 NFT 没有直接联系。公司发言人告诉 Benzinga，该公司“尚未发布任何有关进入 NFT 市场的公告”。</li><li><b>利昂集团控股</b>（纳斯达克股票代码：LGHL）——与 NFT 没有直接联系。该公司2月份的一份新闻稿称，它将与Grandshores Technology合作，提供区块链技术支持和数字资产平台。</li><li><b>塔贡艺术</b>（纽约证券交易所代码：TKAT）–与NFT没有直接联系。该公司是一家提供和交易艺术品的在线电子平台的运营商。3月18日，该公司发表声明称，“不知道有任何重大进展会影响近期的交易量。”</li><li>虽然有些人可能认为艺术品的在线电子平台与 NFT 有关，但该公司从未提及“不可替代代币”一词。</li><li><b>水星金融科技</b>（纳斯达克股票代码：MFH）——与 NFT 没有直接联系。该公司是一家基于互联网和区块链技术的数字资产交易基础设施解决方案提供商。该公司从未公开提及“不可替代代币”一词。</li><li><b>全球人民互联网</b>（纳斯达克股票代码：SDH）——与 NFT 没有直接联系。该公司的简介没有提到该公司以任何方式与数字资产相关。评级公司本身就是一个“互联网智能平台”的提供商和顾问。</li><li><b>叶群</b>（纽约证券交易所代码：LEAF）–与NFT没有方向连接。该公司拥有在线艺术画廊 Saatchi Art。萨奇从未表示将使用 NFT。</li><li>BTIG 的一位分析师发布了一份报告，开始对 Leaf 进行买入评级，并表示：“我们相信 Leaf 正在努力利用 NFT 带来的机会。虽然我们只能猜测其潜在计划，但合乎逻辑的路线是形成一个买卖 NFT 的市场。”</li><li><b>酷客音乐</b>（纽约证券交易所代码：KUKE）——与 NFT 没有直接联系。该公司在中国提供古典音乐授权和教育服务。</li><li><b>格林普罗资本</b>（纳斯达克股票代码：GRNQ）——与 NFT 没有直接联系。该公司是一家业务解决方案提供商，包括云系统解决方案、财务咨询服务和企业账户服务。该公司投资了CryptoSX，这是一个数字资产交易所，允许发行人代币化，投资者购买和出售数字资产。虽然这似乎与 NFT 无关，但该公司从未明确使用过“不可替代代币”一词。</li><li><b>莫纳克集团</b>（纳斯达克股票代码：MKGI）——与 NFT 没有直接联系。该公司是一家技术驱动的旅行和物流公司。该公司持有初始硬币发行加密门户网站的间接所有权股份。</li><li><b>千兆媒体</b>（纳斯达克股票代码：GIGM）——与 NFT 没有直接联系。该公司是一家网络游戏发行商。</li><li><b>创建</b>（纳斯达克股票代码：CRTD）——与 NFT 没有直接联系。该公司拥有一个技术平台，允许博客、播客等的创作者使用讲故事的工具和机会将他们的内容货币化。</li><li><b>SRAX公司</b>（纳斯达克股票代码：SRAX）——与 NFT 没有直接联系。NFT爱好者布洛克·皮尔斯最近加入了该公司的董事会。SRAX从未在印刷品中明确提及任何关于NFTs的事情。</li></ul>另请注意，这些股票中的每只通常都被称为“低流通股”，其流通股数量少于 3000 万股。低流通量股票更容易受到交易者的操纵。</blockquote></p><p></p>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GRNQ":"Greenpro Capital Corp.","LEAF":"Leaf Group Ltd","FNKO":"Funko Inc.",".DJI":"道琼斯","PLBY":"Playboy Inc",".SPX":"S&P 500 Index","YVR":"Liquid Media Group Ltd.","ZKIN":"正康国际集团","LGHL":"狮子集团控股",".IXIC":"NASDAQ Composite","DLPN":"Dolphin Entertainment, Inc."},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1189183750","content_text":"Each of the stocks in the list below moved higher this week, likely related to trader talk on social media that they are non-fungible token plays. Benzinga has been unable to confirm whether some of these names have any direct attachment to NFTs.Some of these names are related to online platforms for art. The art industry has been a rather early adopter of NFT usage; however, many of these companies have never mentioned NFTs, and any indication a company will be using NFTs as a medium for art is only speculation.Stocks with a direct connection to NFTs(or phrase \"non-fungible token\" has been mentioned by company exec):Dolphin Entertainment(NASDAQ:DLPN) – On Tuesday, the company announced the launch of an NFT creation and marketing unit.ZK International(NASDAQ:ZKIN) – The company announced its subsidiary, xSigma, launched its NFT platform on Ethereum(CRYPTO: ETH) and polkadot blockchains.PLBY Group(NASDAQ:PLBY) – Playboy CEO Ben Kohn, at a recent Roth Capital conference, highlighted the opportunity for the company to utilize NFT technology given its huge portfolio of photographs and digital assets. Kohn indicated the NFT opportunity is substantial enough that Playboy decided to handle it internally. Kohn said he could not share any further details.Funko(NASDAQ:FNKO) – Funko's CEO said its management is \"excited\" about NFTs and has \"a plan in place … to be in the market fairly soon. We have the ability to disrupt the non-fungible token market in a way that nobody else is doing right now.\" The company currently has no exposure to NFTs.Stocks with no direct connection to NFTs(or \"non-fungible token\" has never been mentioned by company exec in print):Liquid Media(NASDAQ:YVR) – No direct connection to NFTs. A company spokesperson told Benzinga the company \"has not made any announcements about entering the NFT market.\"Lion Group Holding(NASDAQ:LGHL) – No direct connection to NFTs. A February press release from the company said it would be working with Grandshores Technology to provide blockchain technology support and digital asset platforms.Takung Art(NYSE:TKAT) – No direct connection to NFTs. The company is an operator of an online electronic platform for offering and trading artwork. On March 18, the company issued a statement that said \"it not aware of any material developments that would account for recent trading volume.\"While some may consider an online electronic platform for artwork to be related to NFTs, the company has never mentioned the phrase \"non-fungible tokens.\"Mercurity Fintech(NASDAQ:MFH) – No direct connection to NFTs. The company is a provider of digital asset trading infrastructure solutions based on internet and blockchain technologies. The company has never publicly mentioned the phrase \"non-fungible tokens.\"Global Internet of People(NASDAQ:SDH) – No direct connection to NFTs. A profile of the company does not mention the company is related to digital assets in any way. The company calls itself a provider and consultant for an \"internet intelligence platform.\"Leaf Group(NYSE:LEAF) – No direction connections to NFTs. The company owns Saatchi Art, an online art gallery. Saatchi has never indicated it will use NFT.A BTIG analyst issued a note initiating coverage on Leaf with a Buy rating and said: \"We believe LEAF is working to take advantage of the opportunity NFTs present. While we can only guess at its potential plans, the logical route would be to form a marketplace for the buying and selling of NFTs.\"Kuke Music(NYSE:KUKE) – No direct connection to NFTs. The company provides classical music licensing and education services in China.Greenpro Capital(NASDAQ:GRNQ) – No direct connection to NFTs. The company is a provider of business solutions, including cloud system resolution, financial consulting services and corporate account services. The company invests in CryptoSX, a digital assets exchange that allows issuers to tokenize, investors to buy, sell digital assets. While this seems to be tangential to NFT, the company has never specifically used the phrase \"non-fungible tokens.\"Monaker Group(NASDAQ:MKGI) – No direct connection to NFTs. The company is a technology-driven travel and logistics company. The company holds an indirect ownership stake in an Initial Coin Offering crypto portal.GigaMedia(NASDAQ:GIGM) – No direct connection to NFTs. The company is a publisher of online games.Creatd(NASDAQ:CRTD) – No direct connection to NFTs. The company owns a technology platform that allows creators of blogs, podcasts, etc with storytelling tools and opportunities to monetize their content.SRAX Inc(NASDAQ:SRAX) – No direct connection to NFTs. An NFT aficionado, Brock Pierce, recently joined the company's board. SRAX has never specifically mentioned anything about NFTs in print.Also note each of these stocks can be generally referred to as a \"low-float stock,\" having under 30 million shares in their float. Low-float stocks are more susceptible to manipulation by traders.","news_type":1,"symbols_score_info":{"ZKIN":0.9,".DJI":0.9,"MFH":0.9,"GRNQ":0.9,"SDH":0.9,".SPX":0.9,".IXIC":0.9,"DLPN":0.9,"LGHL":0.9,"TKAT":0.9,"LEAF":0.9,"FNKO":0.9,"PLBY":0.9,"YVR":0.9}},"isVote":1,"tweetType":1,"viewCount":1592,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":353785942,"gmtCreate":1616537205586,"gmtModify":1634525362270,"author":{"id":"3569976618504169","authorId":"3569976618504169","name":"Brandykopio","avatar":"https://static.tigerbbs.com/d5b5fdca210b604587d8d83902fae2d7","crmLevel":12,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3569976618504169","authorIdStr":"3569976618504169"},"themes":[],"title":"","htmlText":"Omg","listText":"Omg","text":"Omg","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/353785942","repostId":"1102596742","repostType":4,"repost":{"id":"1102596742","kind":"news","pubTimestamp":1616514133,"share":"https://www.laohunote.com/m/news/1102596742?lang=zh_CN&edition=full","pubTime":"2021-03-23 23:42","market":"us","language":"en","title":"Why SPACs Won’t Replace Traditional IPOs -- and Vice Versa<blockquote>为什么 SPAC 不会取代传统的 IPO，反之亦然</blockquote>","url":"https://stock-news.laohu8.com/highlight/detail?id=1102596742","media":"TheStreet","summary":"Will SPACs replace traditional IPOs? I think to a degree, they already have -- at least for now. Lon","content":"<p>Will SPACs replace traditional IPOs? I think to a degree, they already have -- at least for now. Longer-term, however, I think that traditional investment banking will survive, and that there will always be room for both methods of going public.</p><p><blockquote>SPAC会取代传统的首次公开募股吗？我认为在某种程度上，他们已经有了——至少现在是这样。然而，从长远来看，我认为传统的投资银行将会生存下去，而且这两种上市方式总是有空间的。</blockquote></p><p> Part of why I say that traditional IPOs will survive is due to the sheer abundance of SPACs out there right now. Can they all find winning companies to merge with? What happens to those that don't find the right dance partner? Surely some will wither and die. But at the same time, the SPAC model is probably here to stay since it does simplify and expedite the whole process of going public and raising capital. And so I think that SPACs will survive even once we’re past the current manic stage.</p><p><blockquote>我说传统 IPO 将会生存的部分原因是目前 SPAC 数量过多。他们都能找到成功的公司合并吗？那些找不到合适舞伴的人会怎么样？肯定有些人会枯萎死亡。但与此同时，特殊目的收购公司模式可能会继续存在，因为它确实简化并加快了上市和筹集资金的整个过程。因此，我认为，即使我们度过了当前的狂躁阶段，SPAC 也会生存下来。</blockquote></p><p> First, understand that IPOs and SPACs are really just two ways of getting a private company from point A (in need of capital) to point B (capital needs satisfied and trading publicly). As you'll see, it's really a matter of putting the wagon before the horse, or the horse before the wagon. And the same model doesn’t work for every private company in every situation.</p><p><blockquote>首先，要明白IPO和SPAC实际上只是私营公司从A点（需要资本）到B点（满足资本需求并公开交易）的两种方式。正如你将看到的，这实际上是一个本末倒置，或者本末倒置的问题。同样的模式并不适用于所有情况下的每家私营公司。</blockquote></p><p> <b>The IPO</b></p><p><blockquote><b>首次公开募股</b></blockquote></p><p> The traditional IPO, or Initial Public Offering, has been around since the beginning. This is what investment bankers, among other things, do for a living. As a former senior New York Stock Exchange floor trader who worked as part of the IPO team for what was considered the hottest investment bank during the internet bubble of the late 1990's, early 2000's, I have a great deal of experience in both supporting and in running the execution end of traditional IPOs, either from the booth, or in the crowd at the point of sale.</p><p><blockquote>传统的IPO，即首次公开募股，从一开始就存在。这就是投资银行家的谋生方式。作为一名前纽约证券交易所高级场内交易员，我曾在被认为是20世纪90年代末和21世纪初互联网泡沫期间最热门的投资银行的IPO团队工作，我在支持和管理传统IPO的执行端方面拥有丰富的经验，无论是在展位上，还是在销售点的人群中。</blockquote></p><p> In simplified form, IPOs involve private companies working with an investment bank or several investment banks to raise capital by “going public.\" The investment banks place a value on the private firm through a strenuous level of fundamental analysis, all the while gauging or trying to drum up demand. That part of the job is often referred to as a \"road show.\"</p><p><blockquote>简单来说，首次公开募股（IPO）是指私营公司与一家或多家投资银行合作，通过 “上市 ”筹集资金。投资银行通过艰苦的基本面分析对私营公司进行估值，同时衡量或试图拉动需求。这部分工作通常被称为 “路演”。</blockquote></p><p> The private company must also register with the exchange where it plans to list, as well as the Securities and Exchange Commission. There is a lengthy process that must be followed, as well as numerous requirements, such as compliance around transparency in financial reporting, that must be met.</p><p><blockquote>私营公司还必须向其计划上市的交易所以及美国证券交易委员会注册。必须遵循一个漫长的过程，以及必须满足许多要求，如财务报告透明度的合规性。</blockquote></p><p> The investment bank or banks, also known as the underwriters, may guarantee the IPO by purchasing the offering in a firm commitment and then selling the shares themselves in the secondary market. Without this \"firm\" commitment, the IPO is considered to be a \"best effort\" agreement, in which the underwriter sells the shares with no guarantee.</p><p><blockquote>投资银行（也称为承销商）可以通过坚定承诺购买发行，然后在二级市场上出售股票来担保首次公开募股。如果没有这种“坚定”的承诺，IPO被视为“尽最大努力”协议，其中承销商在没有担保的情况下出售股票。</blockquote></p><p> In my experience, the vast majority of IPOs are indeed “firm commitments” in which the underwriter takes on either the profit or loss (the risk) when selling shares after having priced the IPO. In the case of a \"best effort'' IPO, the investment bank is really more like a broker and advisor than a trader, and passes on to the formerly private company's shareholders the proceeds of those initial sales.</p><p><blockquote>根据我的经验，绝大多数 IPO 确实是 “坚定承诺”，即承销商在为 IPO 定价后出售股票时承担利润或损失（风险）。在“尽最大努力”IPO的情况下，投资银行实际上更像是经纪人和顾问，而不是交易员，并将这些初始销售的收益传递给前私营公司的股东。</blockquote></p><p> <b>The SPAC</b></p><p><blockquote><b>特殊目的收购公司</b></blockquote></p><p> The SPAC, or Special Purpose Acquisition Company, has become increasingly popular lately. Some of you may have heard of \"Blank Check Companies.\" This is another term for basically the same thing as a SPAC. The whole idea is simply to raise funds first and then target private companies to merge with afterwards.</p><p><blockquote>特殊目的收购公司（SPAC）最近变得越来越受欢迎。你们中的一些人可能听说过“空白支票公司”。这是与特殊目的收购公司基本相同的另一个术语。整个想法很简单，首先筹集资金，然后瞄准私营公司进行合并。</blockquote></p><p> In this way, the private firm is able to get in position to quickly merge with an already-public company, greatly simplifying the process of going public. At that point, the shareholders or owners of the private company can either redeem their stakes at the offering price, or accept stock in the newly-merged company, depending on their preference.</p><p><blockquote>通过这种方式，私营公司能够快速与一家已经上市的公司合并，大大简化了上市过程。届时，私营公司的股东或所有者可以根据自己的喜好，以发行价赎回其股份，也可以接受新合并公司的股票。</blockquote></p><p> Why would a private company choose this route over a traditional IPO? There are several good reasons. The first is speed to market. By foregoing the whole \"road show\" process and merging with an already public firm, the company can now bypass all of the registrations and regulatory requirements. In addition, the risk of allowing investment bankers to price the deal is removed once the merger is agreed to.</p><p><blockquote>为什么一家私营公司会选择这条路线而不是传统的IPO？有几个很好的理由。首先是上市速度。通过放弃整个“路演”过程并与一家已经上市公司合并，该公司现在可以绕过所有注册和监管要求。此外，一旦合并获得批准，允许投资银行家为交易定价的风险就被消除了。</blockquote></p><p> What makes SPACs so attractive to private companies that might be in need of capital? It’s pretty simple --<i>in a traditional IPO, the private company chases the capital, but with a SPAC, the capital chases the private company</i>.</p><p><blockquote>是什么让SPAC对可能需要资金的私营公司如此有吸引力？很简单--<i>在传统的IPO中，私人公司追逐资本，但在SPAC中，资本追逐私人公司</i>.</blockquote></p><p> Notably, the SPAC structure is less risky to the owners of the targeted private company. The private company negotiates and agrees to a deal. Their work is now done, and the risk is transferred to the SPAC. This is great -- if you happen to run a highly sought-after private company in a suddenly hot industry. That is another reason why speed matters. No one ever knows how long the iron (or industry) stays hot.</p><p><blockquote>值得注意的是，特殊目的收购公司结构对目标私营公司的所有者来说风险较小。私营公司谈判并同意一项交易。他们的工作现在完成了，风险转移到了特殊目的收购公司。这很好——如果你碰巧在一个突然火热的行业中经营着一家备受追捧的私营公司。这是速度很重要的另一个原因。没有人知道铁（或工业）能保持热多久。</blockquote></p><p></p><p> Now, for the less highly sought-after private business, there will always be a need for a traditional investment banker since these companies still need to raise capital and will need help finding investors. However, in the IPO model, the workload and the risk are more on the private company than they are on the bank -- at least until the issue is priced and regardless of whether a firm commitment has been made.</p><p><blockquote>现在，对于不太受欢迎的私营企业来说，总是需要传统的投资银行家，因为这些公司仍然需要筹集资金，并且需要帮助寻找投资者。然而，在 IPO 模式中，私营公司的工作量和风险比银行的工作量和风险更大——至少在发行定价之前，也无论是否做出了坚定的承诺。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> In my opinion, there will always be room in this marketplace for both traditional investment bankers as well as SPACs. For now, amid a pandemic, which has largely taken the \"road show\" aspect out of the IPO, and as certain industries have taken off seemingly overnight, SPACs have taken as much as half of the market for new issues.</p><p><blockquote>在我看来，这个市场上总会有传统投资银行家和 SPAC 的空间。目前，在疫情期间，IPO 在很大程度上取消了“路演”方面，而且某些行业似乎在一夜之间就起飞了，SPAC 已经占据了多达一半的新股市场。</blockquote></p><p> That is the current environment and it is not only subject to change, it<i>will</i>change. As some SPACs fail to attract potentially hot new private companies, their ranks will thin. In a market that’s tougher than the current bull one, raising money ahead of a deal becomes more difficult, and the pendulum will swing back toward traditional investment bankers who provide access to a broader array of potential investors.</p><p><blockquote>这就是当前的环境，它不仅会发生变化，而且<i>将会</i>变化。由于一些 SPAC 未能吸引潜在热门的新私营公司，它们的队伍将会缩小。在一个比当前牛市更艰难的市场中，在交易前筹集资金变得更加困难，钟摆将向传统投资银行家倾斜，他们可以接触到更广泛的潜在投资者。</blockquote></p><p> That said, these are two ways of going about doing the same thing. Neither is going away. Quality will succeed where success is deserved, and so quality investment bankers will outperform lower-quality SPACs and vice versa. Where quality is less obvious, there will be failure to last, or to find the right dance partner. The route chosen may depend on just how desirable, or choosy, the private company is able to be.</p><p><blockquote>也就是说，这是做同一件事的两种方式。两者都不会消失。质量将在值得成功的地方取得成功，因此优质投资银行家将优于质量较低的 SPAC，反之亦然。在质量不太明显的地方，就会有失败，或者找不到合适的舞伴。选择的路线可能取决于私营公司的可取性或选择性。</blockquote></p><p></p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Why SPACs Won’t Replace Traditional IPOs -- and Vice Versa<blockquote>为什么 SPAC 不会取代传统的 IPO，反之亦然</blockquote></title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 12.5px; color: #7E829C; margin: 0;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhy SPACs Won’t Replace Traditional IPOs -- and Vice Versa<blockquote>为什么 SPAC 不会取代传统的 IPO，反之亦然</blockquote>\n</h2>\n<h4 class=\"meta\">\n<p class=\"head\">\n<strong class=\"h-name small\">TheStreet</strong><span class=\"h-time small\">2021-03-23 23:42</span>\n</p>\n</h4>\n</header>\n<article>\n<p>Will SPACs replace traditional IPOs? I think to a degree, they already have -- at least for now. Longer-term, however, I think that traditional investment banking will survive, and that there will always be room for both methods of going public.</p><p><blockquote>SPAC会取代传统的首次公开募股吗？我认为在某种程度上，他们已经有了——至少现在是这样。然而，从长远来看，我认为传统的投资银行将会生存下去，而且这两种上市方式总是有空间的。</blockquote></p><p> Part of why I say that traditional IPOs will survive is due to the sheer abundance of SPACs out there right now. Can they all find winning companies to merge with? What happens to those that don't find the right dance partner? Surely some will wither and die. But at the same time, the SPAC model is probably here to stay since it does simplify and expedite the whole process of going public and raising capital. And so I think that SPACs will survive even once we’re past the current manic stage.</p><p><blockquote>我说传统 IPO 将会生存的部分原因是目前 SPAC 数量过多。他们都能找到成功的公司合并吗？那些找不到合适舞伴的人会怎么样？肯定有些人会枯萎死亡。但与此同时，特殊目的收购公司模式可能会继续存在，因为它确实简化并加快了上市和筹集资金的整个过程。因此，我认为，即使我们度过了当前的狂躁阶段，SPAC 也会生存下来。</blockquote></p><p> First, understand that IPOs and SPACs are really just two ways of getting a private company from point A (in need of capital) to point B (capital needs satisfied and trading publicly). As you'll see, it's really a matter of putting the wagon before the horse, or the horse before the wagon. And the same model doesn’t work for every private company in every situation.</p><p><blockquote>首先，要明白IPO和SPAC实际上只是私营公司从A点（需要资本）到B点（满足资本需求并公开交易）的两种方式。正如你将看到的，这实际上是一个本末倒置，或者本末倒置的问题。同样的模式并不适用于所有情况下的每家私营公司。</blockquote></p><p> <b>The IPO</b></p><p><blockquote><b>首次公开募股</b></blockquote></p><p> The traditional IPO, or Initial Public Offering, has been around since the beginning. This is what investment bankers, among other things, do for a living. As a former senior New York Stock Exchange floor trader who worked as part of the IPO team for what was considered the hottest investment bank during the internet bubble of the late 1990's, early 2000's, I have a great deal of experience in both supporting and in running the execution end of traditional IPOs, either from the booth, or in the crowd at the point of sale.</p><p><blockquote>传统的IPO，即首次公开募股，从一开始就存在。这就是投资银行家的谋生方式。作为一名前纽约证券交易所高级场内交易员，我曾在被认为是20世纪90年代末和21世纪初互联网泡沫期间最热门的投资银行的IPO团队工作，我在支持和管理传统IPO的执行端方面拥有丰富的经验，无论是在展位上，还是在销售点的人群中。</blockquote></p><p> In simplified form, IPOs involve private companies working with an investment bank or several investment banks to raise capital by “going public.\" The investment banks place a value on the private firm through a strenuous level of fundamental analysis, all the while gauging or trying to drum up demand. That part of the job is often referred to as a \"road show.\"</p><p><blockquote>简单来说，首次公开募股（IPO）是指私营公司与一家或多家投资银行合作，通过 “上市 ”筹集资金。投资银行通过艰苦的基本面分析对私营公司进行估值，同时衡量或试图拉动需求。这部分工作通常被称为 “路演”。</blockquote></p><p> The private company must also register with the exchange where it plans to list, as well as the Securities and Exchange Commission. There is a lengthy process that must be followed, as well as numerous requirements, such as compliance around transparency in financial reporting, that must be met.</p><p><blockquote>私营公司还必须向其计划上市的交易所以及美国证券交易委员会注册。必须遵循一个漫长的过程，以及必须满足许多要求，如财务报告透明度的合规性。</blockquote></p><p> The investment bank or banks, also known as the underwriters, may guarantee the IPO by purchasing the offering in a firm commitment and then selling the shares themselves in the secondary market. Without this \"firm\" commitment, the IPO is considered to be a \"best effort\" agreement, in which the underwriter sells the shares with no guarantee.</p><p><blockquote>投资银行（也称为承销商）可以通过坚定承诺购买发行，然后在二级市场上出售股票来担保首次公开募股。如果没有这种“坚定”的承诺，IPO被视为“尽最大努力”协议，其中承销商在没有担保的情况下出售股票。</blockquote></p><p> In my experience, the vast majority of IPOs are indeed “firm commitments” in which the underwriter takes on either the profit or loss (the risk) when selling shares after having priced the IPO. In the case of a \"best effort'' IPO, the investment bank is really more like a broker and advisor than a trader, and passes on to the formerly private company's shareholders the proceeds of those initial sales.</p><p><blockquote>根据我的经验，绝大多数 IPO 确实是 “坚定承诺”，即承销商在为 IPO 定价后出售股票时承担利润或损失（风险）。在“尽最大努力”IPO的情况下，投资银行实际上更像是经纪人和顾问，而不是交易员，并将这些初始销售的收益传递给前私营公司的股东。</blockquote></p><p> <b>The SPAC</b></p><p><blockquote><b>特殊目的收购公司</b></blockquote></p><p> The SPAC, or Special Purpose Acquisition Company, has become increasingly popular lately. Some of you may have heard of \"Blank Check Companies.\" This is another term for basically the same thing as a SPAC. The whole idea is simply to raise funds first and then target private companies to merge with afterwards.</p><p><blockquote>特殊目的收购公司（SPAC）最近变得越来越受欢迎。你们中的一些人可能听说过“空白支票公司”。这是与特殊目的收购公司基本相同的另一个术语。整个想法很简单，首先筹集资金，然后瞄准私营公司进行合并。</blockquote></p><p> In this way, the private firm is able to get in position to quickly merge with an already-public company, greatly simplifying the process of going public. At that point, the shareholders or owners of the private company can either redeem their stakes at the offering price, or accept stock in the newly-merged company, depending on their preference.</p><p><blockquote>通过这种方式，私营公司能够快速与一家已经上市的公司合并，大大简化了上市过程。届时，私营公司的股东或所有者可以根据自己的喜好，以发行价赎回其股份，也可以接受新合并公司的股票。</blockquote></p><p> Why would a private company choose this route over a traditional IPO? There are several good reasons. The first is speed to market. By foregoing the whole \"road show\" process and merging with an already public firm, the company can now bypass all of the registrations and regulatory requirements. In addition, the risk of allowing investment bankers to price the deal is removed once the merger is agreed to.</p><p><blockquote>为什么一家私营公司会选择这条路线而不是传统的IPO？有几个很好的理由。首先是上市速度。通过放弃整个“路演”过程并与一家已经上市公司合并，该公司现在可以绕过所有注册和监管要求。此外，一旦合并获得批准，允许投资银行家为交易定价的风险就被消除了。</blockquote></p><p> What makes SPACs so attractive to private companies that might be in need of capital? It’s pretty simple --<i>in a traditional IPO, the private company chases the capital, but with a SPAC, the capital chases the private company</i>.</p><p><blockquote>是什么让SPAC对可能需要资金的私营公司如此有吸引力？很简单--<i>在传统的IPO中，私人公司追逐资本，但在SPAC中，资本追逐私人公司</i>.</blockquote></p><p> Notably, the SPAC structure is less risky to the owners of the targeted private company. The private company negotiates and agrees to a deal. Their work is now done, and the risk is transferred to the SPAC. This is great -- if you happen to run a highly sought-after private company in a suddenly hot industry. That is another reason why speed matters. No one ever knows how long the iron (or industry) stays hot.</p><p><blockquote>值得注意的是，特殊目的收购公司结构对目标私营公司的所有者来说风险较小。私营公司谈判并同意一项交易。他们的工作现在完成了，风险转移到了特殊目的收购公司。这很好——如果你碰巧在一个突然火热的行业中经营着一家备受追捧的私营公司。这是速度很重要的另一个原因。没有人知道铁（或工业）能保持热多久。</blockquote></p><p></p><p> Now, for the less highly sought-after private business, there will always be a need for a traditional investment banker since these companies still need to raise capital and will need help finding investors. However, in the IPO model, the workload and the risk are more on the private company than they are on the bank -- at least until the issue is priced and regardless of whether a firm commitment has been made.</p><p><blockquote>现在，对于不太受欢迎的私营企业来说，总是需要传统的投资银行家，因为这些公司仍然需要筹集资金，并且需要帮助寻找投资者。然而，在 IPO 模式中，私营公司的工作量和风险比银行的工作量和风险更大——至少在发行定价之前，也无论是否做出了坚定的承诺。</blockquote></p><p> <b>The Bottom Line</b></p><p><blockquote><b>底线</b></blockquote></p><p> In my opinion, there will always be room in this marketplace for both traditional investment bankers as well as SPACs. For now, amid a pandemic, which has largely taken the \"road show\" aspect out of the IPO, and as certain industries have taken off seemingly overnight, SPACs have taken as much as half of the market for new issues.</p><p><blockquote>在我看来，这个市场上总会有传统投资银行家和 SPAC 的空间。目前，在疫情期间，IPO 在很大程度上取消了“路演”方面，而且某些行业似乎在一夜之间就起飞了，SPAC 已经占据了多达一半的新股市场。</blockquote></p><p> That is the current environment and it is not only subject to change, it<i>will</i>change. As some SPACs fail to attract potentially hot new private companies, their ranks will thin. In a market that’s tougher than the current bull one, raising money ahead of a deal becomes more difficult, and the pendulum will swing back toward traditional investment bankers who provide access to a broader array of potential investors.</p><p><blockquote>这就是当前的环境，它不仅会发生变化，而且<i>将会</i>变化。由于一些 SPAC 未能吸引潜在热门的新私营公司，它们的队伍将会缩小。在一个比当前牛市更艰难的市场中，在交易前筹集资金变得更加困难，钟摆将向传统投资银行家倾斜，他们可以接触到更广泛的潜在投资者。</blockquote></p><p> That said, these are two ways of going about doing the same thing. Neither is going away. Quality will succeed where success is deserved, and so quality investment bankers will outperform lower-quality SPACs and vice versa. Where quality is less obvious, there will be failure to last, or to find the right dance partner. The route chosen may depend on just how desirable, or choosy, the private company is able to be.</p><p><blockquote>也就是说，这是做同一件事的两种方式。两者都不会消失。质量将在值得成功的地方取得成功，因此优质投资银行家将优于质量较低的 SPAC，反之亦然。在质量不太明显的地方，就会有失败，或者找不到合适的舞伴。选择的路线可能取决于私营公司的可取性或选择性。</blockquote></p><p></p>\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://www.thestreet.com/investing/why-spacs-wont-replace-traditional-ipos\">TheStreet</a></p>\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯",".IXIC":"NASDAQ Composite"},"source_url":"https://www.thestreet.com/investing/why-spacs-wont-replace-traditional-ipos","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1102596742","content_text":"Will SPACs replace traditional IPOs? I think to a degree, they already have -- at least for now. Longer-term, however, I think that traditional investment banking will survive, and that there will always be room for both methods of going public.\nPart of why I say that traditional IPOs will survive is due to the sheer abundance of SPACs out there right now. Can they all find winning companies to merge with? What happens to those that don't find the right dance partner? Surely some will wither and die. But at the same time, the SPAC model is probably here to stay since it does simplify and expedite the whole process of going public and raising capital. And so I think that SPACs will survive even once we’re past the current manic stage.\nFirst, understand that IPOs and SPACs are really just two ways of getting a private company from point A (in need of capital) to point B (capital needs satisfied and trading publicly). As you'll see, it's really a matter of putting the wagon before the horse, or the horse before the wagon. And the same model doesn’t work for every private company in every situation.\nThe IPO\nThe traditional IPO, or Initial Public Offering, has been around since the beginning. This is what investment bankers, among other things, do for a living. As a former senior New York Stock Exchange floor trader who worked as part of the IPO team for what was considered the hottest investment bank during the internet bubble of the late 1990's, early 2000's, I have a great deal of experience in both supporting and in running the execution end of traditional IPOs, either from the booth, or in the crowd at the point of sale.\nIn simplified form, IPOs involve private companies working with an investment bank or several investment banks to raise capital by “going public.\" The investment banks place a value on the private firm through a strenuous level of fundamental analysis, all the while gauging or trying to drum up demand. That part of the job is often referred to as a \"road show.\"\nThe private company must also register with the exchange where it plans to list, as well as the Securities and Exchange Commission. There is a lengthy process that must be followed, as well as numerous requirements, such as compliance around transparency in financial reporting, that must be met.\nThe investment bank or banks, also known as the underwriters, may guarantee the IPO by purchasing the offering in a firm commitment and then selling the shares themselves in the secondary market. Without this \"firm\" commitment, the IPO is considered to be a \"best effort\" agreement, in which the underwriter sells the shares with no guarantee.\nIn my experience, the vast majority of IPOs are indeed “firm commitments” in which the underwriter takes on either the profit or loss (the risk) when selling shares after having priced the IPO. In the case of a \"best effort'' IPO, the investment bank is really more like a broker and advisor than a trader, and passes on to the formerly private company's shareholders the proceeds of those initial sales.\nThe SPAC\nThe SPAC, or Special Purpose Acquisition Company, has become increasingly popular lately. Some of you may have heard of \"Blank Check Companies.\" This is another term for basically the same thing as a SPAC. The whole idea is simply to raise funds first and then target private companies to merge with afterwards.\nIn this way, the private firm is able to get in position to quickly merge with an already-public company, greatly simplifying the process of going public. At that point, the shareholders or owners of the private company can either redeem their stakes at the offering price, or accept stock in the newly-merged company, depending on their preference.\nWhy would a private company choose this route over a traditional IPO? There are several good reasons. The first is speed to market. By foregoing the whole \"road show\" process and merging with an already public firm, the company can now bypass all of the registrations and regulatory requirements. In addition, the risk of allowing investment bankers to price the deal is removed once the merger is agreed to.\nWhat makes SPACs so attractive to private companies that might be in need of capital? It’s pretty simple --in a traditional IPO, the private company chases the capital, but with a SPAC, the capital chases the private company.\nNotably, the SPAC structure is less risky to the owners of the targeted private company. The private company negotiates and agrees to a deal. Their work is now done, and the risk is transferred to the SPAC. This is great -- if you happen to run a highly sought-after private company in a suddenly hot industry. That is another reason why speed matters. No one ever knows how long the iron (or industry) stays hot.\nNow, for the less highly sought-after private business, there will always be a need for a traditional investment banker since these companies still need to raise capital and will need help finding investors. However, in the IPO model, the workload and the risk are more on the private company than they are on the bank -- at least until the issue is priced and regardless of whether a firm commitment has been made.\nThe Bottom Line\nIn my opinion, there will always be room in this marketplace for both traditional investment bankers as well as SPACs. For now, amid a pandemic, which has largely taken the \"road show\" aspect out of the IPO, and as certain industries have taken off seemingly overnight, SPACs have taken as much as half of the market for new issues.\nThat is the current environment and it is not only subject to change, itwillchange. As some SPACs fail to attract potentially hot new private companies, their ranks will thin. In a market that’s tougher than the current bull one, raising money ahead of a deal becomes more difficult, and the pendulum will swing back toward traditional investment bankers who provide access to a broader array of potential investors.\nThat said, these are two ways of going about doing the same thing. Neither is going away. Quality will succeed where success is deserved, and so quality investment bankers will outperform lower-quality SPACs and vice versa. Where quality is less obvious, there will be failure to last, or to find the right dance partner. The route chosen may depend on just how desirable, or choosy, the private company is able to be.","news_type":1,"symbols_score_info":{".SPX":0.9,".IXIC":0.9,".DJI":0.9}},"isVote":1,"tweetType":1,"viewCount":2754,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}