Latest news and analysis on initial public offerings (IPOs), with a particular focus on companies raising funds on the Hong Kong Stock Exchange.
While China’s rainmakers have been essential to the country’s great market opening, corruption concerns and a changing geopolitical balance have seen them pushed to the sidelines.
Allowing the resumption of cross-border data transfers in day-to-day business shows pragmatism can still prevail in Chinese policymaking.
In 1993, Tsingtao Brewery celebrated an unusual Hong Kong initial public offering and a gigantic step for the nation’s capital markets with glasses of beer.
New rules from the China Securities Regulatory Commission aim to bring transparency and end chaotic process that left such offerings mostly unregulated.
Hong Kong is once again in the limelight when it comes to IPOs but investors should remain cautious as the costs of the 2019 social unrest and Covid-19 curbs are still being counted.
More than just bragging rights, the health of the capital market can also underscore the city’s status as a global financial hub.
Valued at more than US$60 billion, Shein is expected to become the most valuable China-founded company to go public in the US since Didi Global’s debut in 2021 at a US$68-billion valuation.
The futures are expected to support greater international participation in China’s equities and fixed-income markets, and further broaden investment and risk-management opportunities in Hong Kong, HKEX said.
Conroy Cheng, Chow Tai Fook’s vice-chairman and nephew of Henry Cheng, said there was no discord or disputes in the family over succession plans following an interview by the patriarch last week.
Huawei spin-off Honor says it is aiming for an IPO, as budget smartphone maker looks to cement its position as China’s leading handset vendor.
The big China deals that lined rainmakers’ pockets for decades have evaporated. Banks and law firms alike are cutting jobs. Those that remain are chasing smaller deals and taking extended vacations.
Bourse operator HKEX launched a new digital platform for IPOs, which is expected to speed up settlements and reduce investor risks.
Honor is bringing in a new chairman as part of efforts to pursue an initial public offering, according to a Chinese media report.
Funds raised by share listings in the city declined 59 per cent year on year to US$5.3 billion as of November 17, according to a report from EY, which calls for more government and regulatory action to woo foreign capital.
ByteDance is challenging Tencent and Alibaba in China’s top three tech grouping, as it benefits from a gradual uptick in advertising revenue.
The company has sharpened its focus on a wholesale marketplace, second-hand goods trading platform, office chat app, and search and cloud storage solution
China’s initial public offering (IPO) volume has slumped 70 per cent from a year ago after the securities regulator pledged in late August to bolster the sluggish stock market by restricting approvals and slowing down the pace of new-share offerings.
The company has also announced a plan to buy back up to US$1 billion of its shares amid reports of a planned Hong Kong listing.
The United Arab Emirates city is pursuing avenues for cross-border collaborations which could include dual listings with stock exchanges in places such as China, Hong Kong and the broader Asia-Pacific region, according to the head of the city’s stock exchange.
The company has made public its listing documents for an IPO on the New York Stock Exchange in what would be the first major flotation by a Chinese firm in the US since Beijing tightened its approval procedure in 2021.
Arm Holdings on Wednesday gave a third-quarter sales outlook below Wall Street estimates, with the firm attributing the forecast to a large deal that is likely to land later than expected.
Fintech start-up OneDegree’s optimistic projection stems from the positive performance of the company’s household pet and digital-asset insurance operations.
ByteDance, China’s most valuable unicorn and the owner of TikTok, is offering US$160 per share to current employees and anyone laid off, and US$128 to those who quit their job, according to sources.
Once valued at US$47 billion, WeWork’s plunge into bankruptcy damaged the professional reputation of SoftBank’s Masayoshi Son far beyond the US$11.5 billion he lost in the co-working office space start-up.
Cainiao to boost overseas logistics business with buyout offer for Best ahead of its planned mega IPO in Hong Kong.
WuXi XDC, a 60 per cent-owned unit of WuXi Biologics, could raise as much as US$520 million, including excess share allotment, based on the top end of its IPO price range.
The e-commerce company was the world’s third-most-valuable start-up in 2022, but its valuation has since dropped along with other start-ups and tech firms.
Chinese logistics firm Best receives buyout offer from consortium including existing investor Cainiao, the Alibaba logistics arm planning a US$1 billion IPO in Hong Kong.
Senior officials of eastern Zhejiang province called on Alibaba’s top management, led by new chairman Joe Tsai, to boost investment in frontier tech research and promote innovation in digital technology.
Maliuji, one of China’s fastest-growing restaurant chains, is working with CMB International and Huatai Securities on preparing for the IPO that could take place as soon as next year.
J&T Global Express, an Asian courier service group based in Shanghai, could raise as much as HK$4.1 billion (US$520 million) from its initial public offering after orders from investors exceeded the shares offered for sale.
Midea Group, the world’s biggest home appliances maker, has submitted plans to list its shares in Hong Kong which analysts say could help attract more foreign investors as they could overcome the shareholding limits of the Stock Connect programme.
Valuable Capital Financial Company has obtained final approval from regulators to operate dealing, advisory and custody services in Saudi Arabia, and plans to expand into investment banking, asset management and mutual funds.
The affiliate of Alibaba Group Holding pays 1.54 billion yuan (US$210.5 million) for a parcel for new office buildings in Hangzhou, a ‘clear sign’ that Ant is ‘back on its growth track’, a property investor says.