On July 14, Berkshire Hathaway announced that Warren Buffett will convert shares. Buffett plans to convert 8,000 Class A shares of Berkshire into 12 million Class B shares. Buffett will donate 12 million Class B shares worth nearly $6 billion to four foundations.
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Buffett to Donate 12 Million Class B Shares Worth Nearly $6 Billion to Four Foundations
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Changxin Technology: IPO Price Set at 8.66 Yuan/Share, Online and Offline Subscription on July 16
On July 14, Changxin Technology (688825.SH) announced that the company's initial public offering of shares will be listed on the STAR Market, with the issuance price set at 8.66 yuan per share. Investors are required to subscribe online and offline at this price on July 16, 2026 (T-day), without needing to pay subscription funds at the time of subscription. The offline subscription period is from 9:30 to 15:00, and the online subscription period is from 9:30 to 11:30 and 13:00 to 15:00. The initial number of shares issued is 668,808.8608 million shares, accounting for approximately 10.00% of the total share capital after issuance, and CICC is granted an over-allotment option of no more than 15.00% of the initial shares. The price-to-earnings ratio corresponding to the issuance price, based on the lower of diluted earnings per share after deducting non-recurring gains and losses for 2025, is 308.92 times (without exercising the over-allotment option), which is higher than the industry average P/E ratio of 76.32 times and the average P/E ratio of comparable companies of 134.62 times. The total estimated funds raised are approximately 57.919 billion yuan (before exercising the over-allotment option), and after deducting issuance expenses, the net amount is approximately 57.638 billion yuan. -
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On July 14, the US Consumer Price Index (CPI) for June increased by 3.5% year-on-year, compared to an expected increase of 3.8% and a prior increase of 4.2%. On a month-over-month basis, the US CPI decreased by 0.4% in June, compared to an expected decrease of 0.1% and a previous increase of 0.5%. -
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US Core CPI in June Rises 2.6% Year-on-Year, Below 2.8% Expectation
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