UBS Banned From Hong Kong IPO Market For 18 Months

The Hong Kong Securities and Futures Commission (SFC) has banned Zurich-based UBS Group AG from  sponsoring initial public offerings (IPOs) on the Hong Kong Stock Exchange for 18 months. The ban comes just as the Hong Kong exchange is preparing for a surge of IPOs, especially by tech companies. 

Foxconn Unit Obtains A-Share IPO In Record Time As Beijing Aims To Keep New Economy Firms Listed In China

An Internet and industrial business subsidiary of Taiwanese consumer electronics firm Hon Hai Precision Industry Co. (Foxconn) has obtained approval from Chinese regulators for an A-share IPO in record time. The unit, Foxconn Industrial Internet Co., was approved for an IPO in China in just 36 days, compared to a usual wait time of one to two years or longer.

Chinese IPOs In US Continue To Disappoint Investors

Another wave of initial public offerings by Chinese companies is about to hit the U.S. markets. But before investors jump in, it’s worth noting that last year’s crop of made-in-China IPOs has been a money loser, erasing nearly a billion dollars worth of shareholder money.

YY Inc To Spin Off Game Streaming Unit Huya For US IPO

NASDAQ-listed Chinese online social entertainment firm YY Inc. has announced that its live gaming streaming platform Huya recently submitted a draft registration statement on a confidential basis to the U.S. Securities and Exchange Committee for a possible initial public offering in the U.S.

IPO Strips Huami Of Its Unicorn Status; More Unicorn Downgrades To Come?

Huami Corporation, a Chinese manufacturer of low-cost wearable devices backed by smartphone maker Xiaomi, raised a smaller-than-expected US$110 million in a public float on the New York Stock Exchange today. The offering, which was less than the hoped for US$150 million, gives Huami a market valuation of US$690 million, much lower than its previously rumored US$1 billion price tag.

Chinese PE/VC Firms Achieve Record Exits In 2017, IPOs Almost Double From Year Ago

The year 2017 will be remembered as a record setter for the Chinese private equity and venture capital industry, as the number of IPO exits secured by PE/VC firms this year almost doubled from a year ago. In fact, the number of IPO exits in 2017 is equals to half of all IPO exits recorded in the six years from 2011 to 2016.

Sequoia, Lightspeed China Poised To Exit After Fintech Firm Jianpu Technology’s US IPO

Chinese fintech company Jianpu Technology Inc.’s debut on the New York Stock Exchange Thursday was a disappointment, with the stock gaining only 5% despite the company pricing its IPO at below its anticipated price range. Despite the lack-luster debut, the firm’s IPO marks the second successful fintech exit for backers including Sequoia Capital and Lightspeed China Partner I, L.P., after PPdai, a Chinese peer-to-peer lending platform, went public in New York last month. Sequoia Capital and Lightspeed own 17.6% and 16.7% of Jianpu Technology, …

Recent IPOs Prove Chinese Companies Lie About VC Funding Rounds

As more Chinese companies go public it’s becoming increasingly clear that many of them have lied about the level of funding they received as private companies, and thus their pre-IPO valuations. The latest example is Rong360 Inc., once listed on China Money Network’s China Unicorn List with a US$1 billion valuation. The company is planning a U.S. listing for its wholly-owned subsidiary Jianpu Technology Inc., raising up to US$200 million, according to its IPO prospectus filed with the U.S. Securities …

China’s RISE Education Completes Strong Nasdaq IPO In Win For Bain Capital

RISE Education, a Chinese provider of after-school English lessons which is backed by Bain Capital, enjoyed a strong debut on the Nasdaq Friday, closing up more than 14% on its first day of trade. The stock closed at US$16.61, compared to its initial public offering (IPO) price of US$14.50. RISE’s IPO was well received, demonstrating investors’ continued interest in China’s fast-growing education sector. The company raised US$160 million by offering 11 million shares at US$14.50, higher than the expected price …

Chinese P2P Lending Platform Plans $350M IPO In US

Chinese peer-to-peer lending platform will seek an initial public offering on the New York Stock Exchange, the company said in a filing, marking the latest Chinese financial technology company to go public. is currently values as a unicorn on China Money Network’s China Unicorn List with a US$2 billion valuation.

IDG Capital Defends Chinese Luxury E-Commerce Firm Secoo As Company Share Price Halves Post-IPO

IDG Capital’s name appeared in a curious press release today. "Secoo: IDG Capital Will Continue to Support Undervalued Secoo After Restrictions Are Lifted," it reads. Secoo Holding Ltd, a Chinese luxury e-commerce retailer that raised around US$140 million in a NASDAQ IPO last month, has seen its share price nearly halve during the past three weeks after shares began trading on September 22. The company’s ADR closed at US$6.97 apiece on October 12, compared to its IPO price of US$13 …