America, Asia Pacific, Asset Managers, Financial, Fund Managers, Global Investment, Hedge Funds, News, Technology

Hangzhou Company Surged to $5 Trillion Market Value for 8 Minutes, Overtakes Apple

Hangzhou Company Surged to $5 Trillion Market Value for 8 Minutes, Overtakes Apple

A Hangzhou company, Hailiang Education Group Inc, listed on Nasdaq, surged from just above $10 to $200,000, before trading was halted for 8 minutes.

” $5.14 trillion, 6 times the Market Value of Apple Inc “

The surge, a 20,000-fold increase, gave the company a market capitalisation of $5.14 trillion, almost 6 times the market value of Apple Inc, the world’s most valuable company.  The transaction was later annulled due to fat-finger error (typo error).

Hailiang is the third largest provider of private K-12 educational services in China and the largest provider of private K-12 educational services in the Yangtze River Delta region (comprising of Zhejiang province, Jiangsu province and Shanghai), as measured by the total number of students enrolled in 2012, according to the CCID Report.

Source: South China Morning Post

 


The Wealth Insider is the world’s leading wealth intelligence for global wealth managers, investments managers, asset managers, high net-worth service providers and wealthy individuals.  Our global workforce seamlessly present the inside news of the most relevant news, insights, global wealth trends, innovation & digital transformation to our global audience.

Get The Wealth Insider Daily

  • For Press Release,  please contact press@thewealthinsider.com
  • For Media-related enquiries, please contact media@thewealthinsider.com
  • For Advertisement, please contact our official ad agency
Previous ArticleNext Article