TOPIC

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
Jason Yao, head of Greater China at Ardian. Photo: Handout
Banking & finance

Asian investors play big role in megafund focused on secondary PE market

Investors are paying more attention to secondary PE market amid global volatility and liquidity crunches.

Banking & finance

Hong Kong’s economy to benefit from capital flow, rate cut: ANZ

videocam
Hong Kong

Chinese soda maker Dayao plans Hong Kong IPO to raise up to US$500 million

Honor

Honor brings on Huawei veteran to lead firm as CEO George Zhao Ming resigns

Honor’s leadership shuffle could add some degree of uncertainty to the company’s preparations for an initial public offering.

Honor’s long-standing chief executive, George Zhao Ming, has resigned from the smartphone maker owing to personal reasons. Photo: Visual China Group via Getty Images
Banking & finance

Key Beijing official in Hong Kong urges city to address market ‘shortcomings’

Hong Kong has shortcomings in market regulation, transaction costs and corporate governance, liaison office deputy Qi Bin tells Capital Markets Forum.

4
Banking & finance

Hong Kong IPOs excite funds, bankers as jumbo deals return, CICC says

Foshan Haitian Flavouring, CATL are among mainland industry leaders planning billion-dollar IPOs as China deepens market connectivity.

videocam
Advertisement
Advertisement
Advertisement
Banking & finance

Hong Kong, GCC seek synergies in finance and infrastructure to deepen ties

Officials from Saudi Arabia, UAE, Oman and Qatar say Hong Kong can a play a major role to help diversify their economies.

Officials from the Gulf Cooperation Council take part in a panel discussion at the Asian Financial Forum on Tuesday. Photo: Jonathan Wong
Electric & new energy vehicles

China’s WeRide starts third European self-driving trial in Switzerland

Company is stepping up efforts in Southeast Asia, the Middle East, Europe, Japan and South Korea, CEO Tony Han says.

videocam
Hong Kong economy

Editorial | Shot in the arm for Hong Kong as key financial facilitator

People’s Bank of China governor Pan Gongsheng reiterates city’s superconnector role at Asian Financial Forum.

Banking & finance

China’s CATL poised to pick banks for US$5 billion Hong Kong share sale

World’s top maker of EV batteries is considering a second listing in Hong Kong that could help it raise at least US$5 billion.

A CATL sign stands outside its research and development hub and the Chinese battery maker’s headquarters in Ningde, Fujian province, China, on November 8, 2024. Photo: Reuters
Hong Kong stock market

Toymaker Bloks jumps 82% in Hong Kong stock debut after sizzling IPO deal

Demand from Hong Kong retail investors was 6,000 times more than the amount of shares allocated to them, the second highest on record.

The Shanghai-based maker of Ultraman and Transformer figurines attracted huge demand in its stock offering. Photo: Handout
Indonesia

Hong Kong makes overture to Indonesian companies to raise capital

Companies in Southeast Asia’s most populous nation should find Hong Kong’s capital market an ‘attractive and advantageous’ place for raising funds, Paul Chan said.

Banking & finance

BrainAurora shares rise 3.4% in Hong Kong debut as city eyes IPO crown in 2025

BrainAurora’s closing price of HK$3.33 values the entire company at HK$4.22 billion (US$542 million).

Hong Kong economy

Editorial | Hong Kong braces for an IPO revival after ringing in necessary changes

Reforms, mainland China support and easing of interest rate environment raise hopes of comeback by Hong Kong bourse.

People walk by Hong Kong Exchanges and Clearing Limited in Central. Photo: May Tse
Stocks

Smithfield Foods, the US pork giant owned by WH Group, eyes Nasdaq listing

The Chinese company took Smithfield private in a US$4.7 billion deal in 2013, terminating its 14-year listing on the NYSE.

Smithfield is the largest pork processing company in the US. Photo: Shutterstock
HKEX

Hong Kong exchange’s IPO reforms would draw more listings, bankers say

HKEX proposals on public float and allocation requirements would help city draw more listings, institutional investors, UBS says.

Stocks

Chinese fast-food chain LXJ seeks IPO in Hong Kong amid market revival

LXJ operates 1,404 restaurants across 53 mainland cities, serving meals costing about 20 yuan (US$2.73) on average.

Advertisement
Advertisement
Advertisement
E-commerce

UK lawmakers summon Shein and Temu for questioning over labour practices

Both online retailers have faced allegations of poor working practices at product factories in China and of forced labour in supply chains.

Shein and Temu sell clothes, shoes, gadgets and accessories at rock-bottom prices. Photo: Reuters
Alibaba

Alibaba’s Freshippo records 9 straight months of profit, CEO says

The grocery chain has hit a profitability milestone this year, according to CEO Yan Xiaolei, who assumed the role in March.

Banking & finance

Chery adds JPMorgan to arrange US$1 billion Hong Kong listing

The company may seek a valuation of more than 100 billion yuan (US$14 billion ), people familiar with the matter have said.

Banking & finance

Tencent-backed WeDoctor revives plan for Hong Kong fundraising

Earlier this month, sources said the company expected to raise US$400 million to US$500 million.

Wedoctor’s head office in Hangzhou. Photo: Handout
Banking & finance

Better year expected for IPO bankers as Hong Kong reclaims top 10 global ranking

EV battery maker CATL and condiment producer Foshan Haitian are among mainland industry champions seeking a listing in Hong Kong in 2025.

The Exchange Square in Central, home of the city’s bourse operator Hong Kong Exchanges and Clearing. Photo: Sam Tsang
Hong Kong stock market

Busy day for Hong Kong’s IPO market as 3 companies start trading

The last time the Hong Kong exchange had three new listings on the same day was July 10.

Banking & finance

World’s largest EV battery maker plans Hong Kong IPO to fund global growth

The Shenzhen-listed battery maker’s share issuance plan is pending approval from regulators and shareholders.

videocam
Banking & finance

Hong Kong’s 2025 IPO boom awaits as policies and rates align, bankers say

Deloitte forecasts Hong Kong IPO volume to surge 71 per cent to US$19.3 billion in 2025, which has been collating the city’s IPO data since 2011.

Chinese companies’ secondary listings are likely to contribute significantly to fundraising in Hong Kong in 2025. Photo: Winson Wong
Hong Kong economy

Opinion | Weakest link in Hong Kong’s tech ecosystem? Scale-up funding

With venture capital and IPO growth weak globally, start-ups should aggressively seek international commercialisation, leverage marketing strategies and connect with power players overseas.

videocam
The absence of a robust series of funding escalators – from Series A to C, leading to trade sales or IPOs – risks producing numerous start-ups with innovative ideas but lacking commercially viable products. Photo: Shutterstock
Mergers & Acquisitions

SPAC backed by Hong Kong investors readies US$150 million NYSE IPO

The SPAC is managed and backed by executives from Pacific Aegis Capital Management, Gobi Partners and Hermitage Capital.

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.

Advertisement
Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
loading