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IPO

IPO
Latest news and analysis on initial public offerings (IPOs), with a particular focus on companies raising funds on the Hong Kong Stock Exchange.
last updated:
9 September, 2024
An Ant Group building in Hangzhou, China. Photo: Shutterstock
Ant Group

Chinese fintech giant Ant denies imminent restart of IPO process

Amid rife speculation, the company says it has no current plans to go public or pursue a back-door listing.

HKEX

HKEX unveils reforms to boost Hong Kong’s IPO market so it can reclaim top spot

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Hong Kong Stock Exchange

Hong Kong IPO: actor Roger Kwok’s Herbs Generation ends up 10% on debut

Banking & finance

Chinese IPOs surge in Hong Kong as Minieye and Guming line up

The maker of autonomous-driving technology aims to raise US$100 million and the bubble-tea purveyor seeks up to US$500 million.

Customers wait for their orders at a Guming (Good Me) store on August 14, 2021 in Fuzhou, Fujian province. Photo: Getty Images
E-commerce

Shein’s UK IPO slowed by challenge from Uygur NGO alleging Xinjiang cotton use

Britain’s Independent Anti-Slavery Commissioner has also raised concerns over allegations about the fast-fashion firm’s labour practices.

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Banking & finance

Chinese soy sauce maker Foshan Haitian eyes dual listing in Hong Kong

The Foshan-based condiment maker’s board has given the go-ahead for the fundraising plan.

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Banking & finance

Hong Kong’s IPO market revives on state backing after 3-year slump

The city has recorded US$10.7 billion of proceeds from 64 IPOs this year through November; more deals in December.

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Investors are more confident about the city’s market outlook, analysts say. Photo: Edmond So
Banking & finance

China pushes M&A to build 10 hi-tech firms to be globally competitive by 2027

The industries in question include integrated circuits, biopharmaceuticals and new materials.

Banking & finance

Chinese cosmetics firm Mao Geping shines on Hong Kong debut as shares surge 70%

The IPO was the most popular in the city this year, with the retail tranche oversubscribed 918 times.

Electric & new energy vehicles

Chinese EV start-up Hozon eyes exports to ride out price war

The Shanghai-based EV maker aims to sell 50 per cent of its cars overseas by 2026 and turn a profit the same year, founder Fang Yunzhou says.

Hozon founder and chairman Fang Yunzhou at the delivery ceremony of Neta X cars in Hong Kong in September. Photo: May Tse
Banking & finance

Chinese cosmetics firm Mao Geping prices shares at top end of range ahead of IPO

Shares were priced at HK$29.80, according to exchange filings.

Makeup artist Mao Geping. Photo: Weibo
Retailing

C-beauty brand Mao Geping to debut in Hong Kong with US$270 million IPO

Namesake founder rose to prominence as a make-up artist who helped Liu Xiaoqing play an empress who aged from 15 to 80 years in a TV drama.

US-listed Chinese stocks

A Chinese recycling that aims to replicate its success overseas

The company, which operates an online platform connecting individuals and businesses with recycling services, plans to expand globally.

Banking & finance

Exclusive | Tencent-backed WeDoctor revives Hong Kong IPO plan, sources say

Healthcare platform plans to submit IPO application by end-December and complete fundraising of as much as US$500 million by June.

WeDoctor is a Hangzhou-based online healthcare platform. Photo: Handout
Autonomous vehicles

Chinese self-driving car firm Pony AI’s shares sink 7% after US IPO

Pony’s pricing was pushed back from last week as the firm increased the deal size and addressed regulator questions.

The logo of autonomous driving start-up Pony.ai is seen on a screen during an event in Beijing, China, May 13, 2021. Photo: Reuters
Banking & finance

‘China’s FedEx’ delivers a lacklustre trading debut in Hong Kong

Shares of the Chinese courier firm SF Holding began trading at HK$34.30, unchanged from its IPO price.

Hong Kong

Hong Kong to fast track mainland Chinese firms’ IPOs to revive market

Listing approvals for China’s onshore-listed companies will be streamlined provided they meet certain criteria, HKEX CEO Bonnie Chan says.

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Paul Chan

Hong Kong to boost financial reforms to aid Chinese firms: Paul Chan

Amid geopolitical tensions, city can help mainland firms that are struggling to raise funds abroad, financial secretary says.

Financial Secretary Paul Chan Mo-po speaks at the Guangdong-Hong Kong-Macau Greater Bay Area Listed Companies Summit on November 25, 2024. Photo: Handout
Artificial intelligence

Uber said to eye US$10 million stake in IPO of China’s Pony AI

The ride-hailing giant may consider using Pony AI’s autonomous-driving technology outside the US, a source says.

Banking & finance

Hong Kong urged to boost capital flow with mainland for global market access

Former HKMA head Norman Chan says capital circulation is not as seamless as it used to be.

Hong Kong property

Could Hong Kong property tycoons’ backing lead to revival of IPOs?

Hong Kong billionaires are cornerstone investors in SF Holding’s US$793 million IPO, the first time tycoons have backed a listing in the city since 2022.

SF Holding, the parent of SF Express, will list in Hong Kong next week. Photo: Reuters
Banking & finance

Chinese courier giant seeks up to US$793 million from Hong Kong IPO

China’s largest express delivery company is selling 170 million shares at HK$32.30 to HK$36.30 each, with the listing to take place on November 27.

SF Holdings, the operator of SF Express, will list its shares on the Hong Kong stock exchange on November 27. Photo: Reuters
HKEX

Top bankers gather in Hong Kong for summit as regulators promise more reforms

Chinese Vice-Premier He Lifeng, who is bringing a huge delegation, will deliver a keynote speech.

HKEX

Saudi officials say firms in the Middle East are interested in listing in Hong Kong

Carlson Tong Ka-shing says Saudi Arabia and Hong Kong have established ‘trust and friendship’.

Semiconductors

China’s chip start-up taking on Nvidia kicks off pre-IPO process

Moore Threads has hired Citic Securities to start the ‘tutoring’ process as it seeks to capitalise on enthusiasm in China’s semiconductor industry.

Graphics processing unit designer Moore Threads is pursuing a potential public listing amid enthusiasm around progress in China’s chip industry. Photo: Moore Threads Technology
Semiconductors

China’s AI chip unicorn Moore Threads moves closer to possible IPO

The GPU and AI-accelerator start-up, founded by an Nvidia veteran, has become a joint-stock company after fresh investments.

Moore Threads is one of China’s top GPU designers. Photo: Handout
China stock market

China’s market regulator strikes positive tone as investors expect turbulence

CSRC boss Wu Qing urges securities firms and asset managers to enhance their capabilities and strengthen risk controls.

Semiconductors

Chinese power chipmaker Innoscience found to have infringed rival’s patent

The US International Trade Commission rules that Innoscience infringed one of the patents of American firm Efficient Power Conversion Corp.

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