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IPO

A man walks past the National Stock Exchange building in Mumbai, India. Photo: Reuters

India’s stock market set for surge with high-profile IPOs ahead of Diwali

India’s stock market is set for a surge in IPOs, thanks to the US Fed’s rate cut and during the festival season, with new listings expected to raise US$5 billion.

India’s stock market is set for a surge in IPOs, thanks to the US Fed’s rate cut and during the festival season, with new listings expected to raise US$5 billion

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Fed rate cut could propel Hong Kong to top 3 on global IPO table by year-end

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JD Industrials files a second IPO attempt in Hong Kong amid boom

A rush of mega IPOs could put Hong Kong back on top of the IPO table

IPOs in the city reached US$7.14 billion in the first nine months, exceeding last year’s total of US$5.9 billion, LSEG data shows.

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Hong Kong stock exchange’s IPO fortunes have picked up in recent weeks. Photo: Bloomberg

Chinese AI firm Chongqing Terminus Smart Technology files for Hong Kong IPO

Chongqing Terminus Smart Technology, a Chinese AI company, joined a growing list of companies seeking to launch their IPOs in Hong Kong.

Shein makes rare job cuts in Singapore as London IPO remains in limbo

The fast-fashion retailer is laying off more than 20 people in a restructuring of its IT R&D centre.

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Hong Kong takes Singapore’s crown as Asia’s top financial hub: study

Hong Kong regains top billing in Asia from Singapore for the first time since September 2022, when the city remained closed due to the pandemic.

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Hong Kong’s standing as a leading financial centre has improved according to an influential report. Photo: Shutterstock

China’s central bank throws a lifeline to the struggling stock market

The PBOC plans to set up a swap facility that would give financial institutions access to at least US$71 billion in funding to buy shares.

Will Qiniu’s third IPO attempt in Hong Kong succeed after Midea’s triumph?

Qiniu, a Chinese cloud service provider backed by Alibaba, is making a third attempt at a Hong Kong initial public offering.

Hong Kong landlords set to worsen office glut as fresh supply hobbles recovery

Some 3 million square feet of supply will hit the market next year, likely delaying any recovery in office rentals, analysts say.

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Offices in Central business district in Hong Kong. Photo: Dickson Lee

EV maker Hozon says Hong Kong IPO is progressing, seeks funds to drive exports

Hozon has started delivering Neta X to buyers in Hong Kong on Sunday, priced from HK$229,800 (US$29,498).

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Hozon founder Fang Yunzhou standing next to a Neta X SUV in Sha Tin, Hong Kong on September 22. Photo: May Tse

Editorial | Midea provides light at end of Hong Kong IPO tunnel

Blockbuster debut by world’s largest maker of home appliances on city stock exchange raises hopes of more mega deals.

First Malaysia, next: the world? 99 Speed Mart eyes international expansion

The ubiquitous mini-mart chain is ‘looking for good opportunities’ to expand abroad – as it adds 250 more Malaysian outlets every year.

Hong Kong IPO market’s ‘very positive momentum’ set to build, HKEX CEO says

After Midea’s US$3.98 billion listing on Tuesday, ‘we’re seeing a lot of very good signs in the IPO market’, says Bonnie Chan.

Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing. Photo: Dickson Lee

Midea’s Hong Kong IPO sizzles as shares soar in blockbuster sale

The Foshan-based company raised HK$31.01 billion last week, after offering its stock at HK$54.80 a share, at the top end of an expected price range.

(L to R) HKEX CEO Bonnie Chan, Midea’s CFO Zhong Zheng, Chairman and CEO Fang Hongbo, and HKEX Chairman Carlson Tong, during Midea Group’s listing ceremony at HKEX on 17 September 2024. Photo: Jonathan Wong

Midea’s jumbo Hong Kong IPO priced at top of range to raise US$3.46 billion

The listing has been priced at HK$54.80 amid strong demand from global and local investors, setting the stage for ‘more mega deals’.

US-sanctioned Chinese AI chip champion Biren plans IPO

The Shanghai-based unicorn, seen as a potential Nvidia competitor on the mainland, has begun its IPO tutoring process.

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Kazakh giant eyes Hong Kong’s dim sum bonds to fund cable project

The company’s telecoms unit Freedom Telecom plans to spend 107 billion tenge (US$236 million) until the end of 2027 on two projects in Kazakhstan.

A view of Almaty in Kazakhstan on October 10, 2023. Photo: Xinhua

Chinese home appliance giant Midea seeks largest Hong Kong IPO in 3 years

The jumbo IPO would be the city’s biggest new-share offering since JD Logistics raised the equivalent of US$3.64 billion in May 2021.

Malaysia’s stock market hopes high after IPO mints country’s newest billionaire

The IPO by 99 Speed Mart raised US$531 million on its debut, making owner Lee Thiam Wah Malaysia’s newest billionaire.

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China’s ex-financial regulator urges easing to boost market growth

The capital market fares better than banks in supporting start-ups and promising technology firms, Shang Fulin tells the Bund Summit financial forum.

Shang Fulin, the former regulator of mainland China’s banking and securities sectors, speaks at the Bund Summit in Shanghai on Friday. Photo: Bund Summit

Midea Group set to launch Hong Kong’s biggest IPO in over 3 years

The world’s biggest home appliance maker is likely to start the book building process as early as Monday, according to a source.

Midea is the world’s biggest home appliance maker by market value and revenue. Photo: Iris Ouyang

Chinese digital platform Qifa delays Moscow IPO as high interests rates bite

Qifa, which focuses on trade between Russia and China, had planned to raise US$18.9 million from its listing in Moscow.

ByteDance board loses US fund founder, welcomes French entrepreneur

Coatue has reportedly been seeking to sell some of its ByteDance shares, as an IPO remains far-fetched.

Ambani touts AI, bonus stock but stays silent on units’ IPOs

Reliance Industries to ‘democratise’ AI by offering powerful AI at affordable prices, Mukesh Ambani said in shareholders’ address.

Mukesh Ambani, chairman of Reliance Industries. Photo: Reuters

Hong Kong IPO market is flashing ‘confidence signals’ as Citigroup awaits revival

Citigroup, the top IPO arranger this year, sees some ‘confidence signals’ in Hong Kong’s IPO market as backlog builds. ‘We are heading in the right direction,’ says James Fleming, global co-head of equity capital markets.

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‘We are in the early stages of the cyclical recovery,’ Fleming says. ‘When investors are making money and getting alpha, the life cycle will start.’ Photo: Edmond So

Melco chairman’s Black Spade Capital lists second SPAC on Nasdaq

Black Spade Acquisition II will use the IPO proceeds to combine with targets in the entertainment, lifestyle and technology industries, particularly those related to AI.

Enflame, China’s Tencent-backed Nvidia wannabe, flags IPO plan

The Shanghai-based unicorn has begun the so-called tutoring process, compulsory for IPO applicants in China.

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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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