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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
Hangzhou-based Manycore Tech operates the world’s largest spatial design platform. Photo: Shutterstock
Start-ups

Chinese spatial design firm Manycore Tech files for IPO in Hong Kong

Manycore and DeepSeek are part of a group of start-ups, called ‘Six Little Dragons’, that have bolstered the tech-hub status of Hangzhou.

Banking & finance

Hong Kong’s market watchdog reviews 8 brokerages amid IPO frenzy

Hong Kong stock market

Hong Kong to ease IPO rules for mainland Chinese firms

Electric & new energy vehicles

CATL eyes global dominance in EV battery market with US$5 billion cash reload

Overseas business made up 31 per cent of CATL’s total sales in the first nine months of 2024, versus 32.7 per cent in 2023, according to exchange filings.

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CATL’s Hong Kong IPO could be the largest in the city since Kuaishou Technology raised US$6.2 billion in January 2021. Photo: Reuters
Banking & finance

China’s Mixue seeks US$500 million in Hong Kong IPO after Guming’s share sale

The mainland’s top bubble tea maker plans to launch its IPO later this month and list in early March, report says.

Stocks

Hong Kong IPO: EV battery king CATL files plan to pursue global expansion

At US$5 billion, the speculated jumbo deal by the world’s largest EV battery maker would be the biggest since Kuaishou’s IPO in January 2021.

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Hong Kong economy

Opinion | Hong Kong’s pearl will shine brighter under ‘one country, two systems’

Hong Kong enters the final, all-important year of China’s five-year plan with a slew of achievements that vindicate its unique governance system.

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Illustration: Craig Stephens
HKEX

Chinese bubble-tea giant Guming targets US$200 million in Hong Kong IPO

The company, which sells under the Good me brand, is offering 158.6 million shares in a price range of HK$8.68 to HK$9.94 each.

HKEX

Hong Kong stock market seeks to maintain impetus in the Year of the Snake

Financial Secretary Paul Chan says he is cautiously positive about the Hong Kong stock market in the Year of the Snake.

Family offices

Exclusive | For Hong Kong, family offices and IPOs are major growth engines: Deloitte

Hong Kong is particularly appealing to wealthy families from mainland China and Southeast Asia to set up family offices, Dennis Chow says.

Deloitte Asia-Pacific chairman Dennis Chow says his company has seen an increasing number of inquiries from wealthy families to set up family offices in Hong Kong. Photo: Edmond So
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.

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

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

City’s economy is likely to grow between 2.5 and 3 per cent, ANZ chief economist Raymond Yeung says.

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Hong Kong

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

The Inner Mongolia-based maker of carbonated beverages, juices and protein drinks is working with advisers on the size and timing of the deal.

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.

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Qi Bin highlighted the significance of Hong Kong’s capital market at the Capital Markets Forum on Wednesday. Photo: Handout
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.

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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.

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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.

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WeRide-powered autonomous vehicles have found use at Zurich airport and the French Open. Photo: Weibo/ Xauto报告
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.

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.

Hong Kong Financial Secretary financial secretary Paul Chan Mo-po in Jakarta. Photo: SCMP Pictures
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.

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.

Hong Kong bourse operator Hong Kong Exchanges and Clearing is based in Exchange Square in Central, pictured on June 24, 2022. Photo: Dickson Lee
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.

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.

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