IPO | South China Morning Post
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  • Feb 28, 2015
  • Updated: 10:08am

IPO

Alibaba may be considering an IPO in the US

Speculation about Alibaba's listing plans for later this year was fuelled by the decision of company founder Jack Ma to step down as chief executive on May 10. Photo: Bloomberg

Senior finance executives of Alibaba Group, which is widely expected to be planning its initial public offering this year, held a closed-door discussion with a representative of the American exchange yesterday at an undisclosed venue in Hong Kong, two people familiar with the situation said.

Thursday, 7 March, 2013, 6:12am

Municipal bank IPOs beckon for local bourse

Bank of Shanghai. Photo: Bloomberg

In 2001, Bank of China listed its Hong Kong operations on the local exchange, and it was good. Regulators then gave their blessing for the Hong Kong listings of Bank of Communications, China Construction Bank, ICBC and Agricultural Bank of China, and investors rejoiced. It was a great 10-year run, in which Beijing bestowed on the local market giant IPOs that made investors a lot of money.

4 Mar 2013 - 4:08am

How tycoons' IPO 'losses' may hide profits at herd's expense

How tycoons' IPO 'losses' may hide profits at herd's expense

Tycoons are supposed to be smart. Yet, over 80 per cent of their investment in public offerings in the past four years is way below the offering price. How could they be that dumb?

Last week a good explanation arrived from the least expected source - the Hong Kong stock exchange.

2 Mar 2013 - 7:13am 1 comment

Xinchen China on funding quest to ramp up output

Xinchen China Power, a manufacturer of light-duty petrol and diesel engines, plans to raise US$113 million through a Hong Kong initial public offering to expand its production capacity.

28 Feb 2013 - 5:02am

IPO by pawnshop chain designed to grow mortgage loans

Oi Wah provides cash in return for valuables such as gold, jewellery, watches and even properties. Photo: Felix Wong

Oi Wah Pawnshop Credit started its mortgage business in 2009, with mortgage loans surging to HK$67 million in November last year from HK$4 million in February 2010.

28 Feb 2013 - 5:02am

Pawnshop launches IPO in bid to raise some cash of its own

A Kei Wah Pawn Shop, operated by the Oi Wah group. Photo: SCMP

A pawnshop operator that has been providing quick cash to Hongkongers since 1975 plans to raise up to HK$98 million to expand its footprint in the mortgage-loan business, targeting households and troubled small and medium-sized enterprises.

27 Feb 2013 - 3:59am

HKEx expected to see earnings fall up to 20pc

HKEx share price

Hong Kong Exchanges and Clearing, which operates the local stock and futures markets, is expected to report a decline of up to 20 per cent in net profit last year as a result of lower market turnover and fewer initial public offerings (IPOs).

Analysts estimated profit could drop 12 to 20 per cent to between HK$4 billion and HK$4.5 billion in the year to December.

25 Feb 2013 - 2:19am

Bank of Shanghai, China Everbright plan to go public in Hong Kong

Bank of Shanghai may launch the offer in late May. Photo: Bloomberg

Boosted by a recovery in valuations among listed mainland banks since early September, the share offers could go ahead as soon as the second quarter, say people familiar with the plans.

21 Feb 2013 - 6:07am

Tighter profit rules dim hopes of China IPO candidates

The five-month listing drought on the share market since the suspension of new IPOs has helped drive the main market gauge 16pc higher. Photo: Xinhua

Renewed measures by mainland regulators to ease fund-raising pressure on the stock market are expected to force hundreds of initial public offerings to be called off if they fail to meet more stringent listing requirements.

20 Feb 2013 - 3:13am

Jingdong Mall raises funds as IPO looms

E-commerce company Jingdong Mall also goes by the name 360Buy. Photo: SCMP

China's second largest e-commerce site Jingdong Mall may not be good at making profits, but its latest round of mega fund-raising shows it's become quite adept at convincing wealthy investors of its longer-term viability.

18 Feb 2013 - 10:10am

Watchmaker hits on prime time for offering

Time Watch Investments increases the size of its initial public offering in Hong Kong. Photo: Nora Tam

Mid-priced watchmaker Time Watch Investments increased the size of its initial public offering in Hong Kong, seeing strong demand for new shares due to improving sentiment.

5 Feb 2013 - 5:27am

Proview faces more requirements to resume trading in Hong Kong

Rowell Yang Long-san, chairman and CEO of Proview International Holdings Ltd. Photo: AP

Proview International must comply with new listing requirements, as the company plots an acquisition of an undisclosed electronics firm to kick-start its operations and resume trading of its shares in Hong Kong.

4 Feb 2013 - 4:18am

Venture capital and private equity funds find life tough

Mainland funds face hard times. Photo: EPA

A slew of new data suggests mainland-focused venture capital and private equity funds may be finding the going tough after a dream run in past years.

The natural life cycle of these funds, from raising cash to investing and eventual exit, is now in jeopardy amid a drought in initial public share offerings because of a weak economy and poor investor confidence.

4 Feb 2013 - 5:43pm

Chinalco Mining tumbles 6.3pc on trading debut

Retail investors may have overlooked the fact that copper mining in South America was much more profitable than steel smelting in China, resulting Chinalco Mining's sharp price fall. Photo: Bloomberg

The sharp price fall might have been caused by retail investors, who tended to have a short investment horizon and were not familiar with the company's operations and outlook, analysts said.

1 Feb 2013 - 8:24am

Profits dampener for mainland IPOs

Nearly a third of the companies that launched offerings last year would report earnings drops. Photo: Xinhua

Data from information provider Hexin Flush Information Network shows firms that listed last year had unexpectedly lacklustre earnings for the year.

31 Jan 2013 - 5:20am