Carlyle-Backed Adicon Picks Banks for Hong Kong IPO

Carlyle-Backed Adicon Picks Banks for Hong Kong IPO

Adicon Clinical Laboratories Ltd., a Chinese lab operator backed by Carlyle Group Inc., has picked banks for its Hong Kong initial public offering, according to people familiar with the matter. The company has selected Jefferies and Morgan Stanley to lead the share...
Apple Becomes First U.S. Company Worth More Than $2 Trillion

Apple Becomes First U.S. Company Worth More Than $2 Trillion

Apple hit a new milestone on Wednesday, becoming the first publicly traded U.S. company to reach a market capitalization of over $2 trillion and doubling in valuation over the last two years. Key Facts – The iPhone maker’s stock is up almost 55% so far in 2020,...