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Herbal Medicine Stock With No Sales Rallies 64,000%
The Straits Times
|June 18, 2025
A Nasdaq-listed stock focused on herbal medicine has spiked by more than 64,000 percent so far in 2025 and, yet, the company itself has made zero revenue — much less turned a profit.
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NEW YORK —
The unbelievable rally has transformed Regencell Bioscience Holdings, a penny stock as recently as April, to one worth more than US$20 billion (S$25.6 billion) in market value. A year ago, the stock had a market capitalization of just US$53 million. This is despite the company having a net loss of US$4.4 million for its fiscal year that ended on June 2024, a 28 percent decrease from the previous year.
Earlier in June, the company said its board approved a 38-for-one stock split. When the split took effect on June 16, shares soared as much as 434 percent — their biggest one-day jump ever — to a record high, triggering more than 10 volatility halts.
This story is from the June 18, 2025 edition of The Straits Times.
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