Topic

IPOi

Latest news and analysis on initial public offerings (IPOs), with a particular focus on companies raising funds on the Hong Kong Stock Exchange.

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Attracting listings to the bourse from Southeast Asia, the Middle East and other regions, and introducing trading when typhoon signal No 8 is in force are at the top of his list.

Investors’ ongoing excitement around building and adopting artificial intelligence has fuelled the recovery of venture-capital funding in the world’s largest economy.

A shareholder restructuring for OceanBase, which develops the database tech behind Alipay, gives 35 companies a stake, paving the way to a possible public listing

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About 80 companies could list in Hong Kong this year, raising a total of HK$80 billion (US$10.2 billion), much lower than the HK$100 billion previously anticipated, PwC says.

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Companies from the Middle East, Asia and Europe in particular are looking at Hong Kong, says the Swiss bank, after a push by Chief Executive John Lee Ka-chiu to promote the city’s fundraising credentials abroad.

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The deal values Singapore-based Synagistics, which provides digital commerce services, at HK$3.5 billion (US$448 million), according to an exchange filing.

Hong Kong stock exchange’s IPO prospects has received a boost after fundraising in the city slumped to a two-decade low in the first half of the year.

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The proceeds from new listings are down 35 per cent from a year ago and the lowest since the first half of 2003 when the Sars virus derailed the city’s markets.

‘An agile supply chain and connected-commerce capabilities are needed to sustain its success in an ever changing marketplace,’ Bain partner Derek Deng says.

Hozon is the latest to jump at the opportunity to raise funds abroad after China’s securities regulator opened the floodgates in mid-April to support qualified industry leaders to raise capital in Hong Kong.

The companies are involved in different types of technology, underscoring the broad spectrum of industries and technological verticals that the HKSTP is nurturing among the 1,700 start-ups at its sprawling park.

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After adaptations on YouTube and Netflix helped Korean webtoons gain popularity worldwide, the biggest platform is looking to go public on the Nasdaq, which could help the industry grow even bigger.

Hong Kong’s IPO momentum augurs well for the world’s fourth-largest capital market as it claws its way back in the rankings of the world’s top spots for fundraising.

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