IPO Tag

15 Apr Chinese tea shop giant Sichuan Baicha Baidao aims to raise US$330 million in Hong Kong’s biggest IPO of 2024

Posted at 13:30h in Asia

Chinese tea shop giant Sichuan Baicha Baidao Industrial aims to raise HK$2.5 billion (US$330 million) in a Hong Kong initial public offering (IPO), set to be the city’s largest new-share sale of the year, regulatory filings showed on Monday.The Chengdu-based company is offering 147.7 million...

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14 Apr Philippines’ Hotel101, founded by Jollibee owner, eyes million-room, 100-country milestones while standardising rooms with dynamic pricing

Posted at 02:00h in Asia

“The listing in Nasdaq will elevate the brand in a totally different way, globally,” said Yulo-Luccini. “And as we build more hotels, the more recognised the brand will be, the bigger the ecosystem and more beneficial to all the stakeholders.”Hannah Yulo-Luccini, Hotel101 chief executive officer....

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08 Apr HKEX reaches out to Saudi, Indonesian companies in move to broaden IPO targets in emerging markets

Posted at 10:45h in Asia

Hong Kong’s stock exchange operator is reaching out to companies in Saudi Arabia and Indonesia as it seeks to broaden its potential listing candidates from emerging markets, after losing some big initial public offering (IPO) prospects from mainland China.“We have recently engaged in preliminary communications...

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02 Apr Hong Kong stock exchange’s ‘double-dip’ IPO reform gets few takers as investors shy away from listings

Posted at 03:28h in Asia

However, amid sluggish IPO activity, the take-up rate has been minimal so far.People pass under screens showing index and stock prices outside Exchange Square in Central, home of the city’s bourse operator Hong Kong Exchanges and Clearing, on February 15, 2024. Photo: Sun YeungIn the...

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31 Mar China’s first-quarter IPOs plunge 65% as regulator’s focus on listing quality saps pipeline

Posted at 03:00h in Asia

China’s initial public offerings (IPOs) tumbled 65 per cent in the first quarter, a trend that is likely to persist through the year as the securities regulator has pledged to improve the quality of new listings and apply more scrutiny to listing applicants.Twenty-eight companies have...

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29 Mar Syngenta withdraws Shanghai IPO application, will restart process in China or elsewhere ‘when the conditions are right’

Posted at 14:30h in Asia

Swiss agrichemicals and seeds giant Syngenta Group has withdrawn its application for a listing in Shanghai amid mainland China’s slowing equities market, dashing hopes for one of the largest share sales this year in the country’s commercial hub.The Shanghai Stock Exchange said it had terminated...

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29 Mar Hong Kong’s IPO market struggles after slowest start since 2009 as jumbo deals vanish amid tighter regulations, poor valuations

Posted at 00:30h in Asia

China’s major stock exchanges are facing a tough start to the year as proceeds from initial public offerings (IPOs) in Hong Kong, Shanghai and Shenzhen dwindled. Tighter regulations and the loss of two potential jumbo deals from Alibaba Group Holding suggest no relief any time...

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27 Mar Hong Kong must continue to promote itself to attract international listings, capital and investors, Paul Chan and Bonnie Chan tell forum

Posted at 11:32h in Asia

The government and HKEX have been promoting the unique features of the city’s capital market to Middle Eastern and Asean countries since last year, and such efforts will continue, he added.“We are diversifying our sources for new listed companies, as well as the sources for...

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26 Mar Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao as it tweaks restructuring

Posted at 11:17h in Asia

Alibaba scraps Hong Kong IPO plan for logistics unit Cainiao as it tweaks restructuringAlibaba Group Holding has decided to withdraw the initial public offering (IPO) for its logistics operation Cainiao in Hong Kong and has offered to buy all remaining shares in the unit, in...

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25 Mar Citic Securities slides after Shenzhen exchange investigates China’s biggest brokerage over IPO sponsor role

Posted at 08:32h in Asia

Citic Securities tumbled by the most in 18 months after the Shenzhen Stock Exchange said it would conduct an on-site supervision of China’s biggest brokerage by market value for its role as IPO sponsor of Liangang Optoelectronic Technology.It is the first of its kind investigation...

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