Chinese online auto transaction service platform Cango Inc. has set its IPO price between US$10 to US$12, with 12.5 millions American depositary shares (ADS), aiming to raise US$138 million, according to its IPO prospectus.
Pinduoduo Sets Terms For $1.5B IPO, Tencent and Sequoia Plan To Increase Stakes
Chinese e-commerce platform Pinduoduo aims to raise US$1.5 billion by selling 85.6 million American Depositary Shares (ADS) at a price range of US$16 to US$19, according to its IPO prospectus.
Sina-backed Fintech Firm Pintec Files For $70M US IPO
Sina-backed Fintech Firm Pintec Technology Holdings Ltd., has filed for a US$70 million initial public offering on Nasdaq, according to its prospectus.
Qeeka Home’s Hong Kong IPO Marks Baidu’s Third Exit This Year
Baidu-backed Qeeka Home (Cayman) the company that operates interior design and construction site Qijia, is set to go public on July 12th in Hong Kong.
Chinese News App Toutiao Considering Hong Kong IPO
Joining the IPO rush by Chinese internet and technology startups, Toutiao – China’s biggest personalized news app’s parent Beijing Bytedance Telecommunications Co – is reportedly considering a Hong Kong IPO that may value it at over US$45 billion, according to a media report.
Xiaomi Sees Weak IPO Debut In Hong Kong
Chinese smartphone maker Xiaomi had a soft debut at the Hong Kong Stock Exchange this morning as shares began trading at HK$16.6, 2.4% below its listing price (HK$17) which was already at the bottom of the range.
Tencent Proposes A Spin-off: Tencent Music To File A Separate US IPO
Chinese social media giant Tencent has proposed a spin off to its online music entertainment business Tencent Music Entertainment Group through an initial public offering in the United States.
Mobile Lending Firm WeLab Files For Hong Kong IPO
Hong Kong-based tycoon Li Ka-Shing’s mobile lending start-up, WeLab, has filed for an initial public offering on the Hong Kong Stock Exchange, according to its IPO prospectus.
Chinese Firms Rush For Overseas IPOs As 14 Major Stock Sales Aim To Raise Over $18B In Two Months
Chinese tech companies are rushing to go public, as investor enthusiasm for hot tech stocks is believed to likely evaporate as global trade tensions and financial uncertainties cast shadows over initial stock offerings.
Chinese Online Education Firm Hujiang Files For Hong Kong IPO
Shanghai-based online education firm Hujiang Education & Technology Corp Ltd. has filed for an initial public offering in Hong Kong, the latest IPO filing as Chinese technology companies race to complete a stock float while the market remains receptive.
Tencent-backed E-commerce Platform Pinduoduo Files For $1B US IPO
Walnut Street Group Holding Ltd., which operates Chinese e-commerce platform Pinduoduo, seeks for a US$1 billion initial public offering in the U.S., according to its IPO prospectus. The document confirms Pinduoduo’s IPO rumour reported by China Money Network earlier this week. Founded in 2015 by former Google software engineer Colin Huang, Pinduoduo allows users to participate in group buying deals, mostly through Tencent’s WeChat. It targets low-income consumers from lower-tiered cities in China. In 2017, its gross merchandise value (GMV) …
Chinese Pregnancy And Parenting Portal Babytree Files For Hong Kong IPO
Chinese pregnancy and parenting online portal and e-commerce platform Babytree Inc., has filed for an initial public offering in Hong Kong, according to its IPO prospectus.
Xiaomi Prices IPO At Bottom Of Price Range To Raise $4.7B At $54B
Chinese smartphone and smart devices maker Xiaomi Inc pared back its fundraising ambitions as it priced its shares at the bottom of its indicative price range, resulting in an IPO that is significantly smaller than previously expected.
Chinese E-commerce Platform Pinduoduo Rumored To Seek For US IPO
Chinese social media-based e-commerce firm Pinduoduo is said to seek for an initial public offering in the U.S. with a valuation of US$30 billion, according to Chinese local media citing insiders.
China Renaissance, Investment Bank For New Generation Chinese Tech Firms, Files For HK IPO
China Renaissance, the investment bank that facilitated the growth of a new generation of Chinese tech firms, has filed for an initial public offering in Hong Kong, according to an IPO prospectus.
Chinese Bitcoin Mining Machine Producer Ebang International Files for HK IPO
Chinese Bitoin mining machine maker Ebang International Holdings Inc has filed an initial public offering prospectus to the Hong Kong Stock Exchange, following the footsteps of bigger rival Canaan Inc. and rumors of Bitmain Technologies Ltd. planning an IPO as well.
Meituan-Dianping Saw 700% Revenue Growth, Net Loss Down By Half As It Seeks $6B In IPO
Chinese on-demand local services firm Meituan Dianping has field for an initial public offering in Hong Kong via submitting an IPO prospectus.
Online Travel Agency Tongcheng-eLong Plans For Hong Kong IPO
Chinese online travel agency Tongcheng-eLong Holdings has filed for an initial public offering in Hong Kong, according to its prospectus.
Xiaomi Brings In Cornerstone Investors Amid IPO Downsizing And Delays
Chinese smartphone and electronics company Xiaomi Inc. has secured several cornerstone investors including Qualcomm, China Merchants Capital, China Mobile and SF Express for its initial public offering that could raise as much as US$6.1 billion, according to Chinese media citing insiders.
Used Car E-commerce Platform Uxin Sets Terms For $437M US IPO
Chinese used car e-commerce platform Uxin has set terms for its US$437 million initial public offering on NASDAQ, according to its security filing.
Xiaomi’s CDR Application Disclosed By Chinese Regulator, Company Registered $5B In Revenues For Q1
The Chinese securities regulator has disclosed the Chinese Depository Receipts (CDR) issuance application of smartphone maker Xiaomi Inc this morning, making the first such listing in the domestic stock market one step closer to the finish line.
Xiaomi Said To Be First Chinese Unicorn To Issue Dual-listing CDR
Chinese smartphone and electronics company Xiaomi Inc. has submitted an application with Chinese securities regulators to issue Chinese Depository Receipts (CDR), according to Chinese media reports citing insiders.
Chinese Private Equity Firm Cornerstone Seeks $70M US IPO
Guangzhou-based private equity firm Cornerstone Management, Inc. has filed for a US$70 million initial public offering on NASDAQ, according to its security filing.
Chinese Used Car E-commerce Platform Uxin Files For $500M US IPO
Chinese used car e-commerce platform Uxin has files for a US$500 million initial public offering on NASDAQ, according to its security filing.
Alibaba, Tencent And Baidu Invest In Foxconn Unit’s $4.3B IPO
China’s internet giant trio Alibaba Group Holding, Tencent Holdings Ltd, and Baidu Inc, known as the BAT, have joined some prominent state-owned investors to pick up stakes in Foxconn Industrial Internet Co.’s RMB27.1 billion (US$4.3 billion) initial public offering.
What We Learned From Canaan’s Hong Kong IPO Prospectus
Canaan Inc., the world’s second largest Bitcoin mining machine manufacturer, is the first to file an IPO prospectus for a public listing. Therefore, its security filing is an interesting read, providing a rare look into an industry that is still often shrouded in secrecy.
Chinese Live Streaming Platform Huya Said To Set IPO Price At $12 Per ADS
China’s live game streaming firm Huya Inc. will price its initial public offering of 15 million American Depository Shares (ADS) on the New York Stock Exchange (NYSE) at US$12 per ADS, according to media reports. If correct, the company will raise US$180 million.
China’s Second Largest Bitcoin Mining Machine Maker Canaan Plans Hong Kong IPO
China’s second largest Bitcoin mining machine manufacturer Canaan Inc is planning an IPO in Hong Kong. If successfully listed, it would become the first blockchain company listed on the Hong Kong Stock Exchange, according to people with knowledge of the matter.
Tencent-Backed Online Fashion Retailer Meilishuo Plans $500M IPO
Meili Inc., a Tencent-backed online fashion retailer, is planning to raise a total of US$500 million in an initial public offering in the U.S., according to media reports citing insiders.
Chinese Biotech Firm Ascletis First To File For Hong Kong IPO Under New Listing Rules
Ascletis Pharma, a Hangzhou-based biotechnology firm, has filed to list on the Hong Kong Stock Exchange, making it the first company to exploit the new and more accommodating listing rules in the city, an IPO prospectus published by the Hong Kong Stock Exchange showed. Ascletis Pharma Inc. focuses on three therapeutic areas: anti-viral, cancer and fatty liver diseases. It operates an integrated anti-viral platform focused on developing and commercializing innovative drugs against HCV, HIV and HBV. Currently, the company operates …
Xiaomi’s IPO Prospectus Sheds Light On Its Financial Details
Chinese smartphone and electronics company Xiaomi Inc. has filed its initial public offering prospectus to the Hong Kong Exchange, as it prepares for what would be one of the world’s biggest IPOs this year.