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Stock impact report

Nasdaq Has Become the Market of Choice for Dubious Penny-Stock IPOs [Yahoo! Finance]

SuperX AI Technology Limited - Ordinary Shares (SUPX) 
Company Research Source: Yahoo! Finance
Nasdaq is known as the market's home for tech stocks, in particular giants like Nvidia, Apple and Microsoft. But, in another corner of the exchange, new penny-stock listings for tiny overseas companies with dubious financial prospects proliferate. Last month's initial public offerings included a Cayman Islands-incorporated provider of shrimp-farm maintenance services in Malaysia with only four employees. The IPO by Megan Holdings priced at $4 a share and raised $5 million. Most Read from The Wall Street Journal Sharpie Found a Way to Make Pens More Cheaply—By Manufacturing Them in the U.S. Rising Fees Force Premium Credit-Card Holders to Choose Sides Elon Musk Gambles Billions in Memphis to Catch Up on AI Why Corporate Bonds Are on a Tear AI Investors Are Chasing a Big Prize. Here's What Can Go Wrong. There has been a flood of similar microcap IPOs over the past two years, another sign of the speculative fever gripping many parts of the investing world. These stocks o Show less Read more
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