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IPO

Uber is in talks to invest in the US IPO of Chinese robotaxi firm Pony AI. Photo: dpa

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.

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

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

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

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.

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’.

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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

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.

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.

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.

Innoscience Technology makes high-performance, low-cost gallium-nitride-on-silicon power chips. Photo: Innoscience

GCash not rushing to launch IPO due to strong financial position: chairman

Ernest Cu, chairman of the Philippine mobile payments giant, says the initial public offering ‘should be ready very shortly’.

A woman using the GCash app in the Philippines. Photo: Handout

48% debut gain shows why this Hong Kong IPO bags 5,678 times subscription

IPO of Chinese auto-parts maker ranks second to Kwai Chung’s 2018 offering as the most coveted by Hong Kong retail investors.

UK lawmakers could question Shein over workers’ rights early next year

Ahead of a possible London listing, UK trade committee will also look at how to ensure protection against poor labour standards overseas.

Shein touted as model unicorn in China’s ‘new quality productive force’ push

Shein, which sells budget clothing to a global customer base, was praised by state media for its contribution to industry upgrading.

People walk past a Shein advertisement in London, where the the fast-fashion giant plans to go public. Photo: Reuters

Saudi Arabia’s first ETF tracking Hong Kong stocks opens flat on Tadawul debut

Albilad ETF, which tracks 30 Hong Kong-listed sharia-compliant stocks, opened flat at the opening bell.

The listing ceremony of first ETF tracking Hong Kong stocks at the Saudi Stock Exchange on Wednesday. Photo: Enoch Yiu

First overseas company listing in Hong Kong via SPAC marks historic milestone

Synagistics starts trading under the 2562 stock code on Wednesday after combining its business with Hong Kong Acquisition Corporation.

CICC hit with US$1.1 million in penalties over chip company’s IPO

The company, considered China’s Goldman Sachs, failed to exercise due diligence in S2C’s aborted share listing, CSRC says.

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Shein’s profits said to plunge 70%, adding uncertainty to IPO

Slowing earnings growth is weighing on the company’s plan for a public market debut in London.

Shein reportedly saw sales and profits growth slow significantly in the first six months of 2024. Photo: Reuters

Chinese robotaxi start-up WeRide files for US$119 million IPO

The IPO would be one of the largest US listings by a Chinese firm since Didi Global’s in 2021.

Horizon Robotics’ shares jump 28% in Hong Kong trading debut

Shares of Beijing-based tech firm changed hands at HK$5.12 when trading began, versus the IPO price of HK$3.99.

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Opinion | Hongkongers should support John Lee’s determination to improve things

The city’s leader has backed his promise to improve the city’s competitiveness and livelihoods with policies to protect prosperity and stability.

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Chief Executive John Lee Ka-chiu holds up a copy of the latest policy address during a press conference at the government’s headquarters in Admiralty on October 15. Lee deliver his third annual policy address on October 16. Photo: Eugene Lee

HKEX’s third-quarter profit rises 7% on IPOs, turnover

Funds raised from IPOs in the June to September quarter reached HK$42.2 billion, six times higher than a year earlier.

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Hong Kong Exchanges and Clearing is the operator of the third-largest market in Asia. Photo: Edmond So

CR Beverage rises in Hong Kong trading debut as IPOs return to city

Trading under the code 2460, CR Beverage closed the day 14.6 per cent higher at HK$16.62 from its IPO price of HK$14.50.

China’s Midea eyes bigger global market share after US$4.6 billion IPO

Appliance maker looks at Saudi Arabia, Brazil and Africa as it aims to expand its international sales network by a third.

Hong Kong IPOs to highlight big week in Asia as ‘animal spirits’ return

China Resources Beverage and Horizon Robotics are set to make their trading debut in Hong Kong on Wednesday and Thursday, respectively.

Pedestrians pass by an electronic board displaying stocks in Shanghai, Shenzhen and Hong Kong on October 10. AP Photo

Hong Kong sets 40-day ‘deadline’ to vet IPOs to boost market appeal

New time frame for processing IPO applications will add clarity and transparency, and potentially save costs for candidates, experts say.

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A post-stimulus bull run in Chinese stocks will allow IPO candidates to fetch higher valuations for their shares. Photo: Bloomberg

Chinese robotaxi firm Pony AI files for US IPO

Pony AI, in which Toyota owns a 13.4 per cent stake, revealed that its revenue nearly doubled to US$24.7 million in the first half of 2024.

Hong Kong bound for top of IPO charts, outgoing SFC chair says

In a farewell media briefing, Tim Lui also says he is grateful to see the SFC owning its own permanent office space.

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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
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