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What is an IPO? Why do companies go public?
Startups rely on funding to grow from 0 to 1, but moving from 1 to 100 requires even larger financial support. When the funding ceiling for private companies approaches, founders and investors face a choice: should they take the company public? This is the true background of an IPO.
The full name of IPO is Initial Public Offering, which simply means a private company first publicly issues shares to a broad range of investors, becoming a listed company. What does this transformation mean? The company's ownership shifts from a few individuals to millions of investors. Original private shareholders can cash out and exit, while new investors gain access to the company.
For the company, an IPO is not just about raising money. By going public, the company can:
- Raise large amounts of capital for business expansion or debt repayment

Taiwan stocks today quickly recovered the 28K mark and stabilized at 28,303.78 points (up 1.15%). The three major institutional investors' trading signals exploded—total net buying of NT$19.117 billion in a single day, hitting a recent high, with trading volume also expanding to NT$424.744 billion. This is not just a percentage increase but also reflects a major rotation of global funds amid the Fed's rate cut expectations.
Foreign investors lead, followed by fund managers: Interpretation of the three major institutional investors' trading signals
According to real-time data from the Taiwan Stock Exchange, foreign investors bought NT$14.088 billion today, maintaining a net buying trend for four consecutive days, with a total of NT$36.8 billion entering this week. Fund managers bought NT$1.029 billion, shifting to financial stocks for hedging. Proprietary traders bought NT$4 billion, focusing on memory and PCB concepts. The eight major state-owned banks sold NT$2 billion in reverse, indicating a bullish consensus has formed.
Key points of foreign investors' trading activity: TSMC was sold off by 10,500 shares, Hon Hai by 5,200 shares, and Nanya Technology by 2,500 shares.

In stock market investing, the ability to effectively utilize tools often determines the success or failure of investments. Many beginners only know how to buy stocks to become shareholders but do not understand how to leverage trends to maximize returns when a stock is rising, or even generate profits when stock prices decline. All of this stems from a lack of understanding of the two major trading tools: financing and securities lending. This article will delve into the mechanisms, potential risks, and practical strategies of these two tools.
Core Concept of Financing — Participating Fully in Price Fluctuations with Part of Your Capital
The essence of financing is simple: just like taking out a mortgage to buy a house, investors can use part of their own funds and borrow the remaining amount from a broker to purchase stocks. The stock itself serves as collateral for the loan. What are the benefits of doing this? You can fully participate in all price movements with less capital, but both gains and losses are amplified.
For example, suppose an investor is optimistic about a company's stock, currently priced at 100 yuan, but only has 40 yuan available.

In 2025, the performance of the US stock market was mixed, with the Nasdaq, S&P 500, and Dow Jones rising by 30.12%, 24.56%, and 14.87% respectively. Due to differences in component composition, industry allocation, and risk characteristics, each index has its own advantages. Investors should choose the appropriate index based on their risk preferences and consider combining diversified strategies to balance risk and return.

This article provides a detailed tutorial for beginners in foreign currency investment, including the mechanisms of the forex market, risk assessment, and practical skills. The article introduces three main trading methods and emphasizes the importance of choosing the right platform. Beginners should start with major currency pairs and scientifically control leverage ratios, practicing with demo accounts to develop the correct mindset. Ultimately, they should proceed gradually to live trading.

As the fifth largest trading currency in the world, the AUD/USD exchange rate is also among the top five currency pairs by trading volume globally. Its strong liquidity and low spreads make the Australian dollar a popular choice for short- to medium-term trading and medium- to long-term positioning. More importantly, the AUD has long been regarded as a high-yield currency, making it a classic target for carry trade strategies.
However, when looking at a longer time horizon, the performance of the AUD has been quite disappointing. Starting from a high of 1.05 in early 2013, over the ten years from 2013 to 2023, the Australian dollar has depreciated by over 35% against the US dollar. During the same period, the US dollar index rose by 28.35%, and the euro, yen, and Canadian dollar also depreciated against the dollar. This indicates that the decline of the AUD is not an isolated phenomenon but a natural result of the global transition into a super cycle of a strong US dollar.
There was an exception during the COVID-19 pandemic in 2020. At that time, Australia's pandemic control was relatively stable, and demand for bulk commodities like iron ore in Asian markets was strong, coupled with the...

In recent years, the cryptocurrency market has shifted from a niche community to the mainstream. Listed companies like Tesla are increasing their crypto asset allocations, and traditional financial institutions are actively entering the space. But for those looking to enter this market, the first question is often: where should I start? Instead of blindly following the trend, it's better to first understand the market's operational logic. This article will break down the core concepts of cryptocurrency investment to help you make more rational decisions.
First Dimension: Why choose to invest in cryptocurrencies?
Compared to traditional investment assets like stocks, forex, and bonds, cryptocurrencies have unique appeal:
Volatility brings opportunities
The cryptocurrency market has less than twenty years of history and is still in rapid evolution. Unlike mature markets dominated by large institutions, this space is full of growth opportunities. High volatility means greater potential returns, while also attracting many newcomers.
Low entry barrier
The minimum investment required to purchase cryptocurrencies is typically just

RBC Capital has reaffirmed its Sector Perform rating on Home Depot (NYSE: HD) as of November 19, 2025, signaling a balanced outlook amid shifting fund dynamics. The decision reflects a complex market picture where major institutions are adjusting their positions, even as analysts project

The Japanese Yen has experienced a rollercoaster this year, appreciating at the beginning of the year, plunging mid-year, and hitting a bottom at the end of the year. The USD/JPY broke through 157, reaching a six-month low. What does this recent decline truly reflect? Will it continue to fall in the future?
Why has the Yen fallen so sharply? Three key factors revealed
Contrasting Central Bank Policies
The Bank of Japan and the Federal Reserve are taking two different paths. In January 2025, the Bank of Japan will raise its benchmark interest rate from 0.25% to 0.5%, marking the largest single rate hike since 2007. Meanwhile, the Federal Reserve is considering cutting rates, which widens the interest rate differential and directly boosts the value of the dollar. As Japan’s borrowing costs rise and U.S. borrowing costs fall, capital naturally flows into the U.S., leading to continued selling of the Yen.
Fiscal Policy Concerns
Prime Minister Fumio Kishida’s aggressive fiscal policies have attracted attention, but the market has growing doubts about Japan’s long-term fiscal sustainability. This sense of insecurity has

Preface: Why Learn About Financing?
There are many ways to buy stocks. Many beginners only know to save money to buy stocks, wait to earn dividends or capital gains. But if you have thoroughly researched a company's fundamentals, are confident it will rise or fall, yet have limited funds, how can you maximize your investment? This is when you need to use the tools of "margin financing" and "securities lending." Simply put, margin financing allows you to amplify gains when stock prices rise, while securities lending enables you to profit when stock prices fall. But don't rush to use them; first understand their mechanisms and costs, as this is the smart investor's approach.
1. The Essence of Margin Financing: The Rules of Borrowing Money to Buy Stocks
What is margin financing?
The logic of margin financing is straightforward — you don't have all the funds available but are optimistic about a particular stock, so you borrow some money from a broker to purchase it. In other words, margin financing involves investors contributing part of the funds, and brokers contributing the other part, jointly buying the stock, which then serves as collateral for the loan.

The key moment for the Bank of Japan's rate hike is approaching. The interest rate decision on December 19 will serve as a barometer for the upcoming global capital flows, with profound implications for the USD/JPY exchange rate and the cryptocurrency market.
The rate hike expectation has become a consensus, shifting focus to the "hawkishness" assessment.
The market generally expects the Bank of Japan to raise rates to 0.75%, a 30-year high. However, this rate hike is different from previous ones — it has already been largely priced in, and investors are now paying close attention to Governor Ueda Kazuo's stance on the future rate hike trajectory.
According to analyses from most institutions, the BOJ may revise its neutral interest rate estimate upward and signal more rate hikes. Currently, market pricing indicates that rates could rise to 1.0% by September 2026. However, Nomura Securities believes that such market expectations tend to be overly "dovish" — in other words, the market's anticipation of the pace of rate hikes may be too aggressive.
The butterfly effect triggered by the rate hike

For Taiwanese investors, there are two ways to enter the US stock market: through domestic brokerage firms' omnibus services or by opening an account directly with an overseas US stock broker. Each method has its advantages and disadvantages, with the core differences being in transaction fees, trading flexibility, and capital liquidity.
Omnibus vs Overseas Broker: Which is more suitable for you?
The omnibus model is the preferred choice for many conservative investors. You authorize a domestic broker (such as Jih Sun, E.SUN, Yuanta) to place orders on your behalf in overseas markets. The process is simple, with dedicated service, but the transaction fees are higher (about 0.5%), and settlement cycles are longer (buy T+1, sell T+3), making it unsuitable for frequent trading. This method is most suitable for investors making large single investments with very low trading frequency.
Opening an account with an overseas broker represents trading flexibility. You can open an account directly on the US stock broker platform, with quick settlement (T+1), low transaction fees (most are zero commission), and even support for margin trading, short selling, and other advanced features.

QXO has acquired Beacon Roofing Supply for $11 billion, becoming the largest publicly traded roofing distributor. The merger enhances QXO's growth strategy and positions it for future success in the building products sector.

Docebo Inc. (Nasdaq:DCBO; TSX:DCBO) has elevated Alessio Artuffo to the position of Chief Executive Officer and Board member, recognizing a veteran executive whose 12-year tenure with the learning platform provider has been marked by scaling operations and driving strategic expansion.
Artuffo has b

Viking Therapeutics faces challenges after disappointing quarterly results, with increased cash burn and negative analyst sentiment. Despite adequate liquidity, investors are cautious amid declining expectations and poor growth metrics.

In crypto asset trading, technical analysis is a must-have skill for many investors. The RSI indicator, as one of the most popular analysis tools in the market, has long been a beginner's introductory course. To judge market trends more accurately, learning to interpret RSI is definitely a necessary step.
So, what exactly is RSI? How does it help us determine entry and exit points? What do the commonly heard RSI divergence and RSI weakening mean? This article will briefly and clearly introduce you to this powerful technical indicator.
What is RSI (Relative Strength Index)?
RSI (Relative Strength Indicator) is a technical analysis tool used to measure the strength comparison between buyers and sellers in the market. Its core principle is to compare the magnitude of recent gains and losses of an asset to assess changes in bullish and bearish forces. As its application scope expands,

1. Understanding the Essence of Short Selling Stocks
The core logic of short selling (shorting, margin trading, shorting stocks) is simple: profit from a decline in stock prices.
Ordinary investors habitually believe that stocks only make money when they go up, but there is indeed another way to profit in the market—taking action when stocks decline. This strategy is ubiquitous in financial markets; whether it’s stocks, exchange rates, or commodities, as long as there is a downward trend, investors can use financial instruments like CFDs, margin trading, or futures to short.
The basic principle of short selling is: sell the stock first, then buy it back after the price drops, and the difference between the two prices is the profit. This is exactly the opposite of the traditional "buy first, sell later" operation. Since investors do not initially hold the stock, they need to borrow the stock from a broker, a process called "margin trading" or "short borrowing."
For example: an investor shorts gold at a position of USD, and when the gold price drops to