Zhongxu Future Goes Public! The Two-Letter Domain zx.com Leads to a Market Capitalization Surge of $1 Billion!

Industry Information 28 Sep 2023 11:30:46 AM By:DN editor
Abstract:

On September 28th, the Chinese company Zhongxu Future made its debut on the Hong Kong Stock Exchange. The final offering price was set at HKD 14.00 per share, with a total global offering of 18.976 million shares,

On September 28th, the Chinese company Zhongxu Future made its debut on the Hong Kong Stock Exchange. The final offering price was set at HKD 14.00 per share, with a total global offering of 18.976 million shares, raising up to HKD 266 million. The public offering was oversubscribed by a remarkable 104 times, making Zhongxu Future the company with the highest subscription ratio on the Hong Kong Stock Exchange this year. Its market capitalization is approximately $1 billion.

Zhongxu Future Goes Public! The Two-Letter Domain zx.com Leads to a Market Capitalization Surge of $1 Billion!

Zhongxu Future Goes Public! The Two-Letter Domain zx.com Leads to a Market Capitalization Surge of $1 Billion!

Zhongxu Future's business is categorized into four major segments: "Food, Beverage, Entertainment, and Leisure." The official website of Zhongxu Future is the two-letter domain zx.com, representing the initials of "Zhongxu." This domain name was registered in 1995.

Zhongxu Future Goes Public! The Two-Letter Domain zx.com Leads to a Market Capitalization Surge of $1 Billion!

There are a total of 676 two-letter .com domain names, with registrations starting in 1986. In the first year, only seven were registered, but the number peaked in 1995 with 164 registrations. The registration of the last two-letter .com, cm.com, took place in 2015, marking the completion of all 676 two-letter .com domain registrations after 29 years.

According to data from 2020, in Alexa website ranking statistics, 15 of the top 1,000 global websites use two-letter domain names. The most popular among them is Tencent's QQ.com, ranked 5th globally. Following that is JD.com, belonging to JD.com Inc., which ranks 11th globally. Third on the list is Russia's largest social networking site, vk.com, ranked 23rd globally.

As for current statistics, nearly 400 two-letter .com domain names are in use for websites, with a utilization rate of 60%. Over 100 two-letter domains that haven't been used for websites are owned by corresponding brand companies or investors, and fewer than a hundred are in circulation in the market, making them highly valuable!

Here are some two-letter .com domain names still available for purchase in the market:

SH.com,FN.com,BZ.com,RZ.com

HX.com,PY.com,JL.com,QN.com

BT.com,YB.com,KD.com,VV.com

TS.com,LP.com,JN.com,OR.com

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Zhongxu Future Goes Public! The Two-Letter Domain zx.com Leads to a Market Capitalization Surge of $1 Billion!