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.
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 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.
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.
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 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.
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.
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.
Hong Kong Exchanges and Clearing Limited (HKEX) has approved the biggest change to its initial public offering policy in two decades, to compete for technology and biotech firms’ listings versus the U.S. and mainland China.
Didi Chuxing is already a rival with Meituan Dianping in China’s increasingly crowded car ride-sharing and bike-sharing markets. Now they appear to be in a race to see who can launch an initial public offering first.
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 New Third Board, an over-the-counter exchange for small and medium companies, has signed a memorandum of understanding in Beijing yesterday with the Hong Kong Exchanges and Clearing Co., Ltd. to allow those listed on the New Third Board to list in Hong Kong without additional approval.
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.
The campaign by Chinese aviation-based conglomerate HNA Group to pay down debt by unloading assets appears to have slowed in the face of market turbulence.
Chinese game live-streaming platform Huya Inc. has filed for a US$200 million initial public offering of American Depository Shares (ADS) on the New York Stock Exchange, according to a filing with the Securities and Exchange Commission.
iQiyi, Inc., the online-video unit of Chinese tech giant Baidu Inc. fell sharply in its first day of trading on the Nasdaq Thursday, falling 13.61% to close at US$15.55, versus its IPO price of US$18. The decline came despite a strong performance by other tech companies on the day.
Chinese online video streaming company Bilibili Inc. launched on the Nasdaq market Wednesday, having raised roughly US$483 million at a valuation of more than US$3 billion. It marks the fourth Chinese company to list shares in the U.S. in a week, raising close to a billion dollars in aggregate despite extreme market volatility.
China’s Meituan Dianping, an online platform for ordering food and booking movies and restaurants, is reportedly considering an initial public offering in Hong Kong as early as this year, people familiar with the plan said.
Chinese online lending platform Senmiao Technology Limited has announced the pricing of its initial public offering for total gross proceeds of proceeds of approximately US$12 million.
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.
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 video streaming app Inke is reportedly seeking an initial public offering in Hong Kong after a failed attempt last year to complete a back-door A-share listing in China.
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.
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.
Chinese online anime-streaming platform Bilibili Inc. has filed a F-1 form to raise as much as US$400 million via a listing on the New York Stock Exchange, after being rumored to plan a U.S. IPO for months.
U.S.-based cancer detection start-up Grail Inc. is reportedly planning an initial public offering on the Hong Kong Stock Exchange in what could be the first test of the city’s proposed duel-class listing system for tech companies.
The Chinese securities regulator is rumored to consider giving special approvals to tech unicorns, a term for private tech companies worth US$1 billion or more, so that they can achieve speedy regulatory approval to list shares on domestic stock exchanges.
Chinese tech giant Baidu Inc. has revealed operating details for its online-video unit iQiyi, Inc. ahead of an upcoming US$1.5 billion initial public offering on the Nasdaq.
Chinese online education service Sunlands Online Education Group has filed an applications for an initial public offering of up to US$300 million with the U.S. Securities and Exchange Commission.
Chinese tech giant Baidu Inc. has formally proposed listing its online-video unit iQiyi in the U.S. in an initial public offering likely to value the company at up to US$10 billion.
Foxconn Industrial Internet Co., a subsidiary of Foxconn Technology Group, is planning an initial public offering on the Shanghai Stock Exchange to fund eight investment projects in China totaling RMB27.3 billion (US$4.3 billion), according to its IPO prospectus.