IPO Tag

10 Jan Chinese AI firm iFlyTek’s healthcare unit plans Hong Kong IPO, sparking hopes that spin-offs fuel a turnaround in slumping listings market

Posted at 09:06h in Asia

Chinese artificial intelligence (AI) company iFlyTek said it plans to spin off its healthcare services subsidiary, iFlyHealth, with a listing in Hong Kong. Shenzhen-listed iFlyTek said the initial size of an iFlyHealth listing will not be more than 20.0899 million shares, with an overallotment option...

Read More

10 Jan Hong Kong seen among five busiest IPO venues in 2024 with proceeds doubling to US$12.8 billion, KPMG forecasts

Posted at 01:00h in Asia

New stock offerings in Hong Kong are expected to generate more than double the amount of funds for companies this year, making the city’s stock exchange one of the five busiest venues globally, according to KPMG.The firm expects 90 initial public offerings (IPOs) to...

Read More

09 Jan Hong Kong stocks snap 5-day slump as China rate-cut hopes as Alibaba, HSBC help lift market from 13-month low

Posted at 02:26h in Asia

Hong Kong stocks advanced after Beijing hinted at more policy support to shore up the nation’s faltering economic growth. Three companies started trading for the first time, with two of them suffering steep losses.The Hang Seng Index rose 0.6 per cent to 16,313.73 at...

Read More

08 Jan IPOs: Hong Kong’s GEM reforms likely to end second board’s 3-year drought, but will not be game-changers, analysts say

Posted at 06:17h in Asia

“The HKEX listing reforms on GEM are a good gesture to draw attention to the second board, which will help attract some smaller players to consider listing,” said Tom Chan Pak-lam, permanent honourable ­president of the Institute of Securities Dealers, an industry body for stockbrokers...

Read More

05 Jan Hong Kong’s first IPO of the year makes weak trading debut as RoboSense Technology shares drop in a tepid market

Posted at 05:45h in Asia

Shares of RoboSense Technology, a Chinese maker of sensors for self-driving cars, fell on their Hong Kong trading debut on Friday after the company made the city’s first initial public offering (IPO) of the year.The Shenzhen-based company’s stock, which trades under the 2498 code, lost...

Read More

02 Jan Hong Kong’s IPO market to stabilise amid listing reforms and lower interest rates, PwC says

Posted at 09:41h in Asia

Hong Kong’s initial public offering (IPO) market will gradually stabilise this year notwithstanding the geopolitical tensions and economic uncertainties globally, aided by listing reforms and potential interest rate cuts in the second quarter, according to PwC.Hong Kong’s capital market will benefit from a drop...

Read More

01 Jan Hong Kong listing reforms for SPACs, pre-revenue tech companies, foiled by high threshold, interest-rate cycle, experts say

Posted at 06:00h in Asia

HKEX’s performance in 2023 was even worse, with no SPACs listings taking place.Commercial buildings stand on Hong Kong Island. Photo: Yik Yeung-manIn Hong Kong, a SPAC needs to raise at least HK$1 billion (US$128 million) from professional investors and must announce an acquisition within 24...

Read More

30 Dec Hong Kong IPO market revival on the cards amid favourable interest-rate outlook, China policy easing

Posted at 02:00h in Asia

“The notion of a ‘good’ IPO market goes beyond the short-term and unexpected stock price performance,” Wang said. The promise of Hong Kong remains undiminished, he added.ZJLD chairman Wu Xiangdong (right) and veteran employee Su Shuming at a gong-striking ceremony to mark the company’s trading...

Read More