The artificial intelligence boom in the United States is set to raise corporate valuations even higher as Anthropic prepares for a public listing, reinforcing the dominance of American companies among the world’s most valuable firms and widening the gap with Chinese firms. Anthropic, valued at US$965 billion in its most recent funding round, is targeting an IPO valuation of US$1.5 trillion to US$2 trillion. Achieving that target would easily secure it a spot among the world’s 20 largest publicly...

The tightening of Hong Kong’s securities regulations – in the wake of property developer Evergrande’s liquidation and unrelated IPO frauds – has resulted in more delistings than resumptions for the first time in three years, according to a report by accountants Grant Thornton. Hong Kong saw 35 delistings in the 12 months to August this year but only 21 resumptions, the report said. “Regulators have comprehensively tightened resumption requirements,” said Barry Tong, national leader of forensic...