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Shein Targets $27B (£20B) Valuation in Long-Awaited Hong Kong IPO, Raising to $1.8B
Shein launched its Hong Kong IPO on Monday, August 24, 2026, targeting a valuation of up to 27billion.Thefast-fashionretaileraimstoraiseasmuchasHK13.86 billion, or 1.77billion.ShareswillpricebetweenHK47.60 and HK$49.50 apiece. IPO Structure and Timeline Shein is selling 280 million Class B shares in the offering. The company will confirm its final IPO price on August 31, 2026. Trading on the Hong…
Sonova (SIX: SOON) Launches Phonak EON AI Hearing Platform to Drive Growth Targets
Sonova launched Phonak EON on August 24, introducing its third real-time AI hearing platform. The Swiss hearing-care company designed EON to improve speech understanding and reduce listening effort. The launch strengthens Phonak’s premium hearing-aid portfolio during an important growth phase. Sonova said EON combines proprietary AI with improved design and connectivity. Phonak EON Adds Smaller…
Bitcoin Price Jumps Over 24% in a Week, Breaks $78,000 Amid $2.7 Billion Liquidations
Bitcoin surged more than 24% in the week ending August 24, 2026, pushing above $78,000 as bullish momentum returned to the crypto market. The sharp move also triggered around $2.7 billion in short liquidations, adding further buying pressure. With Bitcoin now nearing the $80,000 level, investors are watching whether fresh demand can keep the rally…
Moderna and Merck’s Melanoma Vaccine Jumps Stocks on Phase 3 Win
Moderna and Merck’s personalized mRNA cancer vaccine succeeded in Phase 3 melanoma trials, reducing disease recurrence. MRNA jumped 8.9% and MRK rose 2.4% on the announcement.
Manchester Airport Security Breach Diverts 7 Flights, TUI Emergency Landing August 23
Seven flights diverted from Manchester Airport after a security breach on August 21. TUI Airways Boeing 737 MAX 8 declared emergency due to low fuel while held in holding pattern. Airport reopened after 15 minutes.
Senate Kills SAVE America Act Push as All 100 Senators Agree to August Break
The Senate adjourned for a 36-day break on August 8, sidelining Trump’s SAVE America Act, which requires voter ID and proof of citizenship. All 100 senators agreed to the recess.
NRL Investigates Dragons Player Nita Maynard-Perrin Over Phone Use on Bench
NRL investigates Dragons NRLW player Nita Maynard-Perrin after footage shows her using phone on bench during Saturday match. No improper conduct alleged.
Zcash Surges 49.5% to $849.12 on Grayscale ETF Filing
Zcash jumped 49.5% to $849.12 on August 22 after Grayscale filed for a spot ETF, breaking above $800 for the first time since January 2018.
Walmart Rolls Out Tap-to-Pay Starting August 24, 2026
Walmart begins accepting Apple Pay, Google Pay, and Samsung Pay at select locations August 24, 2026, expanding to all stores by year-end after years of promoting only its proprietary Walmart Pay system.