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The four-seat, single-propeller SR-22 made by Cirrus Aircraft. Photo: Shutterstock

IPO

IPO Quote Profile

Cirrus Aircraft prices its stock midrange at HK$27.50 in Hong Kong

Global delivery of personal aircraft rose by 15 per cent to 2,215 units in 2023, from 2021, because of the recovery from the pandemic and consumers’ preference for premium travel, Frost & Sullivan said.

10 Jul 2024 - 3:30PM

Ant Group

China’s Ant Group offers staff interest-free loans to prevent exodus

26 Apr 2021 - 8:30PMvideocam

IPO

Explainer | Top 10 IPOs by China’s billion-dollar tech start-ups to watch for in 2021

28 Apr 2021 - 2:29PM

China Business

IPO

Powerful Chinese media mogul with US$10 billion assets unveils IPO roadmap

Li Ruigang, arguably China’s most powerful media mogul, is looking to float part of his assets on Hong Kong and US exchanges at a time when cracks in US-China relations are widening.

7 Apr 2021 - 2:10PMvideocam

Li Ruigang, founding chairman and CEO of Chinese media and entertainment group CMC Inc. Photo: Xiaomei Chen

Banking & Finance

Banking & finance

Hong Kong IPOs skyrocket in record-breaking first quarter

The city’s stock exchange is second only to Nasdaq in the first quarter in terms of total funds raised, up from sixth a year earlier.

30 Mar 2021 - 12:38PMvideocam

Banking & Finance

China technology

Bilibili eyes content diversity to double user base

Video-streaming platform Bilibili says the Chinese market for online video is big enough for other players including Kuaishou and Douyin to grow together.

29 Mar 2021 - 4:44PMvideocam

Banking & Finance

Baidu

Baidu flops in Hong Kong stock debut as market risks temper IPO craze

Baidu started trading in Hong Kong with a HK$2 or a 0.8 per cent premium, paling in comparison with Kuaishou’s red-hot debut last month. The dominant Chinese search-engine company sold 95 million shares at HK$252 each, or 15 per cent below its high-end target.

23 Mar 2021 - 5:09PMvideocam

Employees walk through a lobby at Baidu’s headquarters in Beijing on Thursday, March 4, 2021. Photo: Bloomberg

Banking & Finance

IPO

Bilibili seeks up to US$3.2 billion in Hong Kong share sale

Bilibili is selling 25 million shares, with the retail tranche priced at a maximum of HK$988 per share, a premium of 12 per cent to its US closing price.

17 Mar 2021 - 9:18PM

Bilibili’s monthly paying users doubled in the fourth quarter to 17.9 million from a year ago. Photo: Shutterstock

China Business

Electric & new energy vehicles

Chinese online car platform Autohome expects data products to drive growth

‘Data products will be a key driving force of our business,’ Autohome CEO Long Quan says, as company’s shares rise 2.1 per cent on debut.

16 Mar 2021 - 11:17AM

Banking & Finance

Baidu

Chinese tech giant Baidu seeks up to US$3.6 billion in Hong Kong share sale

Baidu sets the top-end of its Hong Kong share sale at HK$295 and plans to use the proceeds to invest in its AI technologies and autonomous driving

12 Mar 2021 - 11:52AM

IPO Quote Profile

IPO

China Bohai Bank plans to raise US$2 billion in Hong Kong IPO

Standard Chartered is the second-largest shareholder in the mid-sized Chinese lender with a 20 per cent stake.

3 Dec 2019 - 10:58PM

Tianjin-based China Bohai Bank has 1 trillion yuan (US$142 billion) worth of assets. Photo: Handout

IPO Quote Profile

IPO

Postal Saving Bank IPO under pressure as investor exuberance fades

One of China’s largest state-owned lenders is looking to raise around 28.4 billion yuan, which could potentially be the world’s fourth-largest listing this year behind Alibaba, Uber and Budweiser Brewing.

28 Nov 2019 - 9:51AMvideocam

Pedestrians walk past a branch of Postal Saving Bank of China in Huaibei city, in China’s Anhui province. Photo: Imaginechina

IPO Quote Profile

IPO

Saudi Aramco eyes up to US$1.7 trillion in IPO valuation

Aramco is seeking as much as US$25.6 billion by selling a 1.5 per cent stake. The company would raise US$24 billion if the deal prices at the lower end – just shy of the US$25 billion raised by Alibaba Group Holding – currently the world’s largest IPO.

17 Nov 2019 - 10:55PM

Companies

IPO

Saudi Aramco IPO to start on November 17

While the Saudi government has not disclosed the size of the IPO, retail investors will be offered 0.5 per cent of the state-owned company’s shares.

10 Nov 2019 - 10:47PM

IPO Quote Profile

IPO

Better luck on second try as ESR’s jumbo IPO returns to Hong Kong

The Asia-Pacific-focused logistics real estate platform could become this year’s second largest IPO in Hong Kong after Budweiser Brewing, with the deal signalling a rebound in investor appetite.

22 Oct 2019 - 3:31PM

ESR Group’s key executives brief the media on the company’s upcoming IPO, in Hong Kong on Monday. Photo: Winson Wong

Companies

Medicine

Biotech firm’s founder on mission to make affordable cancer drugs

Shanghai Henlius Biotech, launched by former Amgen executive Scott Liu Shi-kau, is working on 16 cancer drugs that are undergoing clinical trials or awaiting approval for marketing.

26 Sep 2019 - 8:47AM

Biosimilars are the generic versions of biological drugs that are made from living organisms or contain their components. Photo: Alamy

Companies

IPO

Budweiser eyes US$4.8 billion Hong Kong IPO, adds Singapore’s GIC as investor

Budweiser Brewing Company APAC said on Tuesday that it plans to raise up to US$4.8 billion and add Singapore sovereign wealth fund GIC Private Limited as a cornerstone investor as it revives its slimmed-down Hong Kong IPO.

23 Sep 2019 - 4:40PMvideocam

Investor Relations

IPO

ESR Cayman to revive Hong Kong IPO after shelving offering in June

ESR Cayman warns there is ‘no assurance’ the offering will proceed; it had previously hoped to raise up to US$698.8 million in net proceeds.

13 Sep 2019 - 11:00PMvideocam

IPO Quote Profile

IPO

Budweiser revives its blockbuster Hong Kong fundraising plan

Budweiser Brewing Company APAC says there is no guarantee that the IPO will go ahead despite resuming its IPO application.

12 Sep 2019 - 11:03PM

Budweiser beer products manufactured by Anheuser-Busch InBev. The Belgian company has revived the IPO application of its subsidiary Budweiser Brewing Company APAC in Hong Kong. Photo: Bloomberg

Companies

IPO

DouYu’s US$775m IPO the largest by a Chinese firm in US this year

The e-sports and gaming streaming company’s fundraising overshadows Luckin Coffee’s US$561 million Nasdaq IPO in May.

17 Jul 2019 - 10:52PM

Douyu had nearly 160 million monthly active users across its platforms as of March. Photo: Shutterstock

IPO Quote Profile

HKEX

Hong Kong sees six trading debuts as city tries to claw back IPO crown

The six IPOs raised a total of HK$4.4 billion, with Shanghai-based developer Zhongliang topping the list at HK$2.94 billion.

19 Jul 2019 - 11:05AM

China Business

China property

One man’s downfall imperils a huge Chinese business, yet again

Latest scandal involving Wang Zhenhua, the controlling shareholder of Future Land, shows how investors end up paying a heavy price for the mistakes of executives synonymous with their companies.

5 Jul 2019 - 10:53PM

Companies

IPO

Budweiser to focus on growing premium brands in Asia

The largest beer company in Asia-Pacific by sales last year is in the process of raising up to US$9.8 billion in a Hong Kong IPO.

4 Jul 2019 - 11:06PM

(From left) Frank Renrong Wang, executive director of Budweiser Brewing Company APAC, CEO Jan Craps, CFO Gui Castellam and head of investor relations Heidi Li, at the company’s press conference to announce the IPO. Photo: K. Y. Cheng

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