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 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 …

Chinese Live Streaming Platform Huya Sets Terms For $165M US IPO

China’s live game streaming firm Huya Inc. will raise US$165 million in an initial public offering of 15 million American Depository Shares (ADS) on the New York Stock Exchange (NYSE) at a price range of US$10 to US$12, according to a filing with the Securities and Exchange Commission.

China’s Top Investors And Lawyers Show Great Confidence In Hong Kong’s IPO Market

The event gathered some of China’s top investors and lawyers, including Dan Liu, vice president at CDH Investments; Chunyang Shao, senior partner at JunHe LLP; Doman Wong, director of risk advisory at Baker Tilly Hong Kong; and Angel Wong, partner at ONC Lawyers, to discuss the new listing rules announced by the Hong Kong Stock Exchange, and its impact for companies based in mainland China.

Ping An Healthcare To Raise Up To $1.12B In Hong Kong IPO

Ping An Healthcare And Technology Co., Ltd., which operates the popular healthcare and medical mobile app Ping An Good Doctor, will raise up to US$1.12 billion in a public offering in Hong Kong, according to a newly filed prospectus with the HKEX.

China’s $20B News Leader Toutiao Under Siege By Government and Rivals

Watching a stern Mark Zuckerberg testify before the U.S. Congress is a reminder how China’s tech companies, despite differences in economic structure and technological sophistication, follow similar trajectories with their American counterparts. Toutiao, China’s biggest personalized news app with a US$20 billion valuation, is experiencing a similar crisis these days as government and competitors attack its core business model.

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.