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Tag: HYW stock

  • What Led After-Hours Gains In Hywin (HYW) Stock?

    What Led After-Hours Gains In Hywin (HYW) Stock?

    Hywin Holdings Ltd. (NASDAQ: HYW) shares exhibited a noteworthy performance during the extended trading session on Wednesday, showcasing a resilient recovery with an increase of 8.18% to attain a value of $3.57. This followed a substantial loss of 41.28% during the regular session, culminating at $3.30. The ascent in Hywin’s stock, in the absence of immediate market developments, prompts an exploration of recent corporate advancements to gain a comprehensive understanding of this surge.

    Hywin (HYW) was recently bestowed the prestigious title of the “Best Provider of Family Office Services” at the “Hong Kong Limited Partnership Fund Association – Annual Awards 2023.” This accolade serves as a testament to Hywin’s significant contributions to the asset management sector domiciled in Hong Kong. It also acknowledges the company’s unwavering commitment to facilitating connections between the global family office sector and Hong Kong’s financial ecosystem.

    Functioning as an asset manager catering to global ultra-high-net-worth and institutional clients, Hywin has actively advocated for the Hong Kong Limited Partnership Fund (HKLPF) as a competitive and enlightened structuring option for family offices, foundations, and endowments across Asia, the Middle East, and Europe. The firm’s institutional strengths in external asset management, alternative funds, research, and fiduciary services have been strategically deployed to bolster the HKLPF industry, yielding commendable results.

    With a profound and extensive presence in Asia, Hywin Holdings advises entrepreneurial clients on their growth trajectories and provides support to leading families across wealth, health, and succession domains. Viewing the HKLPFA as a beacon attracting global capital, investment managers, and innovators, Hywin is dedicated to fostering a collaborative environment in Hong Kong that stimulates engagement, creativity, and the creation of value.

    The recent recognition of Hywin Holdings as the “Best Provider of Family Office Services” underscores not only the firm’s prowess in asset management but also its robust network among global families and private banks. Hywin has played a pivotal role as a ‘super-connector,’ facilitating dialogues between HKLPF managers and international investors, thereby inspiring meaningful conversations between Hong Kong’s private equity industry and innovative global companies.

  • Hywin Holding Ltd. (HYW) stock rises during the pre-market trading. Let’s find out why?

    Hywin Holding Ltd. (HYW) stock rises during the pre-market trading. Let’s find out why?

    Hywin Holding Ltd. (HYW) stock surged by 2.5% in the last trading close whereas the HYW stock continued to rise by 2.35% in the pre-market trading session. According to CIC, Hywin is China’s 3rd biggest third-party wealth management service provider, with a 7.5 percent share of the market of 2019 transaction volume. Wealth management, insurance brokerage, and asset management are our key offerings. The upstream and downstream solution platform of Hywin Holding supports clients through generations of wealth management, which is currently their largest market segment. This division promotes and distributes investment goods and funds that collect money privately and publicly.

    What is happening?

    On March 30, 2021, Deutsche Bank announced that they have been designated as depositary bank for Hywin Holdings NASDAQ-listed American Depositary Receipt scheme. The Bank with its wide range of customized services is expected to provide efficient services in assisting HYW for its ADR program. This recent initiative of HYW could be the reason behind the rise in HYW stock.

    Past Development:

    Public Offering

    On March 26, 2021, HYW revealed the pricing of its 3,000,000 American Depositary Shares (ADS) initial offering, which was priced at US$10.00 per ADS. Each ADS was representing two of HYW’s ordinary Class A shares. On the same day, the ADSs started with trading on the NASDAQ Global Market under the ticker symbol “HYW.” Depending on the customary closing conditions, the offering was scheduled to close on March 30, 2021.

    The Company has given the underwriters an option to buy up to 450,000 additional ADSs, exercisable within 45 days of the date of the final prospectus. Before deducting underwriting discounts and commissions and other offering expenses incurred by HYW, the gross proceeds from the offering to HYW are estimated to be about $30 million, exclusive of use of the underwriters’ option to buy additional stock. And the book runners for the offering are Network 1 Financial Securities, Alexander Capital and Valuable Capital Limited.