Shares of Chinese companies up 25.6% after their IPO

171
1
Shares of Chinese companies up 25.6% after their IPO

The shares of Digital Brands Group, Inc., went up 25.6% to $4.7089. A $10 million public offering was announced by Digital Brands Group last week.

Tuya Inc. rose 15.4% to $1.42. The shares of Chinese companies traded higher after the easing of Covid restrictions in some cities.

After jumping over 34% on Friday, the shares of Cosmos Holdings Inc. went up 6.4% to $0.5685. The Q 3 loss of $0.08 per share was reported by Cosmos Holdings last month.

Don't forget to check out our premarket coverage here Verve Therapeutics, Inc., fell 15.9% to $20.18 after the company received a clinical hold letter from the FDA that detailed information required to resolve the clinical hold on Verve 101.

The company said it expects revenue growth to be modestly lower in the second half of FY 23 and dropped 7.7% to $30.65. The adjusted EPS guidance was below estimates, according to the company.

This article is titled Axie Infinity Emerges As Top Gainer, Surpasses This Key Level and Axie Infinity.