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On June 4, Forbes' real-time billionaire rankings indicated that Masayoshi Son, founder and CEO of SoftBank Group, saw a 13% decrease in his personal wealth in a single day, with $13.2 billion evaporating from his net worth. His latest valuation has fallen to $87.1 billion, dropping him behind Indian billionaires Mukesh Ambani and Gautam Adani. Meanwhile, SoftBank Group's (SBG) stock price has plummeted over 18% in the past three days, currently standing at 7,377 yen, with a total market capitalization of approximately 42.14 trillion yen, having been surpassed by storage giant Kioxia, thus losing its position as 'Japan's most valuable company.'

ChainCatcher news, according to Coinglass data, whales on the Hyperliquid platform currently hold positions worth $4.259 billion, with long positions totaling $2.109 billion, accounting for 49.52% of holdings, and short positions totaling $2.15 billion, accounting for 50.48% of holdings. Long positions have a profit and loss of -$125 million, while short positions have a profit and loss of $77.739 million.

Glonghui, June 4 — India’s booming IPO market appears highly attractive, and a growing number of foreign companies are lining up to bring their Indian subsidiaries to the capital market. However, the main purpose of this IPO boom is not to raise funds to expand business in this fast-growing market, but rather to repatriate billions of dollars back to their parent company headquarters. According to data from Indian market research firm Prime Database, since 2024, out of six foreign-invested companies listed in Mumbai, only one raised new funds through its IPO. The remaining five all listed through a pure “Offer for Sale” (OFS) method. In an OFS, existing shareholders sell their shares to public investors, while the company itself receives no new funding as a result. This means that the funds raised from these IPOs do not flow into Indian business expansion but instead go directly into the pockets of the original shareholders selling the shares, and ultimately are remitted to their overseas headquarters. Data shows that the parent companies of multinational corporations with long-term investments in the Indian market have cashed out nearly $5 billion through such IPOs. Among them, Hyundai Motor Company and LG Electronics account for more than 80% of the total amount cashed out.