Hydrocarb’s Opportunity in Africa To Boost Up-Listing Ambitions

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A lot has happened over the last eight months at Hydrocarb Energy (NASDAQ:HECC). The company has experienced an acquisition, a reverse split, and is now preparing for an up listing at NASDAQ. All this has taken place at a time when the company is making giant steps towards unearthing the opportunity at its African operations, in Namibia.

Several reports indicate that since the beginning of this year, there have been so many IPOs such that, you would have to go back some 14 years to find a bigger number. Indeed, reports suggest that the first quarter of 2014 registered the most number of IPOs since the year 2000, when compared to similar quarters.

Now, Hydrocarb seems to have seized this IPO-frenzied opportunity to move one-step up, by listing in one of U.S’s top-tier exchanges. The company had gone through an acquisition, after Duma Energy, aggressive-growth oil and gas exploration and Production Company, with onshore and offshore operations in the U.S. bought it late last year.

Alibaba IPO Opens With a Bang, Despite Investor Warnings

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With an opening price of $92.70 on Friday at 11:53 a.m., Alibaba (BABA) became the largest initial public offering (IPO) in U.S. history. The Chinese e-commerce giant was initially priced at $68 per share but quickly jumped 42% in value once the New York Stock Exchange gave it the green light for trading.

Originally founded in 1999 by Jack Ma in Hangzhou, China, Alibaba focuses primarily on business-to-business e-commerce sales. Entrepreneurs and small business owners from across the world can use the website to locate product manufacturers and factories located in China. This is in stark contrast to traditional e-commerce websites which operate in a business-to-consumer fashion. Alipay, the company’s online payment escrow service, accounts for nearly half of China’s online payment transaction.