Jeff Bezos vs the bridge
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 21 June 2022
⏱️ 11 minutes
🔗️ Recording | iTunes | RSS
🧾️ Download transcript
Summary
China is the leader in initial public offering fundraising this year, Jeff Bezos’s superyacht ignites a debate about who cities are for, and New Zealand’s housing market could hold some clues for what to expect in countries starting to raise their interest rates.
Mentioned in this podcast:
China IPO fundraising doubles US total to top global ranks
Jeff Bezos vs the bridge: Rotterdam’s dilemma over billionaire’s superyacht
New Zealand’s housing price boom cools as rate rises bite
The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. The show’s theme song is by Metaphor Music. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | The FT News Briefing is supported by Equinole, the UK's energy partner. |
| 0:06.3 | Learn more at equinole.co.uk |
| 0:10.0 | Good morning from the Financial Times. |
| 0:11.6 | Today is Tuesday, June 21. |
| 0:13.7 | And this is your FT News Briefing. |
| 0:18.8 | China is leaving the rest of the world in the dust when it comes to funding initial public offerings. |
| 0:24.0 | Jeff Bezos has a new super yacht and it is igniting a philosophical debate in the Netherlands. |
| 0:30.1 | At a time of inflation, luminous session, just post-covid, what is the role of wealth and the |
| 0:37.7 | wealthy in society? Plus New Zealand's housing market offers a glimpse into the future for countries |
| 0:44.9 | starting to raise interest rates. I'm Mark Filipino and here's the news you need to start your day. |
| 0:55.0 | China is pretty much blowing other countries out of the water when it comes to initial public offerings |
| 1:00.8 | and the funding that's going into them. The money that China's raised is double, |
| 1:04.8 | what the US has raised so far this year. America is number two on the list. |
| 1:08.9 | Around the world, IPO funding has fallen 80% because of the war in Ukraine, |
| 1:14.0 | surging inflation and higher interest rates. I'm joined now by our China Capital |
| 1:18.4 | Market Correspondent, Hudson Locket to talk more about China's IPO funding boom. |
| 1:22.9 | Hudson, this is kind of incredible, especially considering the strict COVID lockdowns in Shanghai. |
| 1:29.2 | Did that impact these companies' ability to fundraise at all? |
| 1:33.3 | Well, certainly not as much as you think. In fact, we ran the numbers and |
| 1:38.2 | during the lockdown, China averaged more than one IPO per trading day. Now, part of that was |
| 1:44.0 | finance in Shanghai and Xinjiang working double time, but there was also quite a effort from |
| 1:49.8 | officials, including sending a squad of regulators to the Shanghai Stock Exchange for the duration |
... |
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