IPOs - All articles

  • Li Auto shrugs off China-US tensions with IPO success

    Electric vehicle manufacturer Li Auto sealed a scorching $1.1bn Nasdaq IPO this week, pricing above the marketed range to make it the largest US listing by a Chinese company in nearly two years. The deal proved there is still interest among mainland firms to list in the US, despite rising hostilities between the two countries, writes Jonathan Breen.

    • 30 Jul 2020
  • Blackstone-backed Mindspace Reit seals Rp45bn IPO

    Mindspace Business Parks Real Estate Investment Trust wrapped up its Rp45bn ($601.3m) this week, treating India to its second listing in the asset class.

    • 30 Jul 2020
  • Li Auto closes books early on hot demand for US IPO

    Chinese electric vehicle maker Li Auto has brought forward the close and pricing of its up to $950m Nasdaq listing after securing heavy demand for the deal.

    • 29 Jul 2020
  • Neeq disappoints as debut shares tumble

    A new scheme launched by China’s National Equities Exchange and Quotations (Neeq) got off to a poor start this week. Around two-thirds of the 32 companies listed on the ‘selection tier’ board fell on their trading debuts. That was a sharp contrast to the opening day of a local rival, the Shanghai Star board.

    • 28 Jul 2020
  • Supernova: Ant explodes beyond startup limits

    Ant Group revealed last week that it is planning a multi-billion-dollar dual listing in Hong Kong and Shanghai. The company is often referred to as a startup, but it will float at a valuation well above $100bn and has been in business for six years. What is the right term for a company like Ant? It is time for a new moniker.

    • 28 Jul 2020
  • Mindspace Reit builds book for Rp45bn IPO

    Blackstone-backed Mindspace Business Parks Real Estate Investment Trust has kicked off a Rp45bn ($601.2m) listing in India.

    • 28 Jul 2020
  • Meituan-backed Li Auto launches $950m US IPO

    Li Auto, a Chinese electric vehicle maker, has opened books for an offering of American Depository Shares (ADS) on the Nasdaq.

    • 27 Jul 2020
  • Tigermed hones in on $1.4bn HK secondary listing

    Hangzhou Tigermed Consulting, a biopharmaceutical research and development service provider, has covered books on its secondary public offering in Hong Kong on the first day of taking orders.

    • 27 Jul 2020
  • Ayala Land builds Philippines' debut Reit IPO

    Ayala Land Real Estate Investment Trust is set to raise Ps12.3bn ($249.9m) from the Philippines' first Reit listing.

    • 24 Jul 2020
  • Ant eyes $200bn valuation in boost for HK, Star board

    Ant Group is planning a dual listing in Hong Kong and Shanghai that will value the company at as much as $200bn. Bankers say the mega listing will be a ‘shot of adrenaline’ for the two stock exchanges, creating a surge of liquidity that will enable more companies to follow suit. Jonathan Breen reports.

    • 23 Jul 2020
  • Mindspace Reit sets IPO price range ahead of launch next week

    Mindspace Business Parks Real Estate Investment Trust has finalised the price guidance for its up to Rp45bn ($603.9m) IPO in India, set to be launched next week.

    • 22 Jul 2020
  • Online pet shop Boqii plans $150m HK listing

    Boqii Co, a Chinese pet-focused e-commerce site, is working on a Hong Kong listing that could raise up to $150m, according to a source familiar with the matter.

    • 22 Jul 2020
  • Ant targets dual Hong Kong, Shanghai IPOs for jumbo listing

    Ant Group, the Chinese financial technology giant behind popular mobile payments app Alipay, has set in motion plans to go public through IPOs in Hong Kong and Shanghai, in what are set to be landmark deals for Asia's equity markets.

    • 21 Jul 2020
  • Yes Bank closes share sale undersubscribed, SBI Caps steps in

    India’s Yes Bank ended its Rp150.2bn ($2bn) share sale without enough demand to cover the deal, after a low turnout from individual investors.

    • 20 Jul 2020
  • Blackstone-backed Mindspace Reit readies Rp45bn IPO

    Mindspace Business Parks Real Estate Investment Trust is ready to take India's nascent Reit market further with the country's second listing from the asset class.

    • 20 Jul 2020
  • Tigermed Consulting kicks off Hong Kong secondary listing

    Shenzhen-listed Hangzhou Tigermed Consulting has caught the attention of international and local investors for its secondary listing on the Hong Kong exchange, set to be worth at least $1bn.

    • 20 Jul 2020
  • Investors hot for Philippines’ $273m debut Reit IPO

    Ayala Land Real Estate Investment Trust (AReit) has struck a chord with investors, which covered the institutional book of its IPO after the first day on the road, according to a source familiar with the matter.

    • 17 Jul 2020
  • Yes Bank fronts Indian ECM comeback with $2bn share sale

    Banks are leading a revival in ECM business in India, with Yes Bank gunning for $2bn this week. There are also signs of activity in the country’s moribund IPO market, writes Jonathan Breen.

    • 16 Jul 2020
  • SMIC’s Star market shares soar on debut

    Investors jumped on Semiconductor Manufacturing International Corp’s shares on its debut on the Star market, pushing up its stock by 220% in the first half a day of trading.

    • 16 Jul 2020
  • Asian Spac D8 Holdings nabs $300m from US IPO

    D8 Holdings, a special purpose acquisition company (Spac), has raised $300m after increasing the size of its US listing.

    • 15 Jul 2020
  • Equity investors cheer possible Arm listing

    Equity investors have welcomed rumours that Japanese conglomerate Softbank is exploring a potential IPO for Arm, the UK semiconductor and software designer, and are hoping that the company might return to the London Stock Exchange.

    • 14 Jul 2020
  • Chinese trio gets nod for ChiNext IPO

    The Shenzhen Stock Exchange (SZSE) has waved through the first three IPOs on the ChiNext board under the new registration-based system, just one month after the reform was implemented.

    • 14 Jul 2020
  • Ayala Land wins initial nod for debut Philippine Reit IPO

    Ayala Land Real Estate Investment Trust (AReit) has got the preliminary greenlight from the Philippines’ securities regulator for the country’s first Reit IPO.

    • 14 Jul 2020
  • CSRC hits GF Securities with sponsorship, bond ban

    China’s securities regulator has banned GF Securities from sponsoring IPOs for six months and underwriting bonds for a year, punishing the firm for its role on a series of fundraisings for Kangmei Pharmaceutical Co.

    • 13 Jul 2020
  • Fosun Pharma plans Rp60bn Indian arm spin-off

    Gland Pharma, a subsidiary of Shanghai Fosun Pharmaceutical Group, has filed preliminary IPO documents with India’s securities regulator for a listing.

    • 13 Jul 2020
  • Meituan Dianping-backed Li Auto targets $100m US listing

    Electric vehicle maker Li Auto is planning to float American Depository Shares (ADS) on the Nasdaq. It is eyeing $100m in proceeds.

    • 13 Jul 2020
  • Bohai Bank bags $1.78bn from Hong Kong IPO

    China Bohai Bank has priced its Hong Kong listing just off the floor of the marketed range to raise HK$13.8bn ($1.78bn).

    • 10 Jul 2020
  • Bohai Bank to price $1.8bn HK IPO after June-end rush

    Bohai Bank wrapped up a billion-dollar-plus Hong Kong IPO this week. The issuer, one of China’s last remaining joint-stock commercial banks to go public, rode the tail end of a hot period for the city’s IPO market. Jonathan Breen reports.

    • 09 Jul 2020
  • Zhenro Services, Greentown seal HK listings

    Property managers Zhenro Services Group and Greentown Management, along with developer Ganglong China, all priced IPOs this week, albeit with different responses from the market.

    • 09 Jul 2020
  • Bohai Bank to price billion-dollar-plus HK IPO low

    China Bohai Bank is set to price its Hong Kong IPO around the bottom of the marketed range on Thursday to net HK$13.7bn ($1.77bn), according to a source close to the deal.

    • 08 Jul 2020
  • Archosaur Games, Shandong Fengxiang to price HK listings

    Online mobile game developer Archosaur Games is set to price its HK$2.17bn ($280.5m) Hong Kong IPO at the top of guidance, said a source close to the deal.

    • 07 Jul 2020
  • Zhenro Services, Greentown Management seal HK offerings

    Zhenro Services Group, a Chinese property manager, has pulled off a HK$1.14bn ($146.8m) IPO, pricing the deal close to the top of the marketed range, according to a source close to the trade.

    • 07 Jul 2020
  • Scorching hot healthcare IPOs net HK$2.7bn

    Mainland-based firms OcuMension Therapeutics and Immunotech Biopharm sealed their Hong Kong IPOs at the top of guidance, riding on support from both institutional and retail investors.

    • 06 Jul 2020
  • Cathay Media to close HK IPO books early

    Cathay Media and Education Group is set to wrap up bookbuilding for its Hong Kong IPO two days early, on the back of strong demand from institutional investors, according to a source close to the deal.

    • 06 Jul 2020
  • Blue Moon targets $1bn Hong Kong listing in September

    China’s leading detergent maker Blue Moon Group Holdings is planning to float in Hong Kong for around $1bn, according to a source close to the deal.

    • 03 Jul 2020
  • Hong Kong IPO market defies China fears with bumper crop of deals

    Hong Kong’s IPO market had one of its busiest periods in years this week, with more than 10 live deals vying for investor attention. But bankers in the city are concerned by the ECM market’s dislocation with the social, political and economic backdrop. Jonathan Breen reports.

    • 02 Jul 2020