IPOs - All articles

  • Emerging IPOs flourish as funds seek growth

    Equity capital markets bankers are heralding the success of emerging markets IPOs set to be priced in the coming days and weeks, including the flotations of Russia’s Sovcomflot, Lithuania’s Ignitis, Saudi Arabia’s BinDawood and Kazakhstan’s Kaspi.

    • 30 Sep 2020
  • Chindata to price $540m US IPO high

    Chinese data centre operator Chinadata Group Holdings has guided investors to the top of price guidance for its Nasdaq listing, eyeing $540m from the deal, according to a source familiar with matter.

    • 30 Sep 2020
  • Weihai City Commercial Bank kickstarts HK$3.1bn IPO

    China’s Weihai City Commercial Bank has launched its Hong Kong IPO and is aiming to raise HK$3.1bn ($397.3m) from the deal.

    • 29 Sep 2020
  • Shanghai greenlights Geely Auto’s Star IPO

    Geely Automobile Holdings is one step closer to becoming the first Chinese automaker to debut in the Star market, having received stock exchange approval for a secondary listing in Shanghai.

    • 29 Sep 2020
  • Korea’s Big Hit tops 2020 charts with $820m IPO

    South Korea's Big Hit Entertainment, the talent manager behind globally-popular boy band BTS, has sealed the country’s largest listing in three years as investors continue to flock to Korea's IPO market.

    • 28 Sep 2020
  • JD Health files for $3bn Hong Kong listing

    JD Health International, the healthcare unit of Chinese e-commerce company JD.com, has submitted an IPO application to Hong Kong’s stock exchange.

    • 28 Sep 2020
  • Kaspi returns to market for second attempt at London IPO

    Kaspi, the Kazakh fintech and e-commerce firm, has returned to the IPO market for a second attempt at a London listing after cancelling last year's effort over valuation differences between investors and the sellers. Sources say that gap has been bridged and are confident of listing Kaspi this year.

    • 25 Sep 2020
  • Yangtze Power nets $1.8bn from London listing

    China Yangtze Power has raised $1.8bn from a smaller-than-expected offer of Global Depositary Receipts in London, sealing only the third listing through the London-Shanghai Stock Connect scheme.

    • 25 Sep 2020
  • Gaming firm Krafton issues RFP for Korean IPO

    Korean video game publisher Krafton has invited local and international banks to pitch for a spot on its IPO.

    • 25 Sep 2020
  • Everest Medicines cracks open $451m Hong Kong IPO

    Biopharmaceutical firm Everest Medicines has hit the road for its up to HK$3.5bn ($451m) Hong Kong IPO.

    • 25 Sep 2020
  • Robi Axiata gets nod for record Bangladeshi IPO

    Telecom operator Robi Axiata has won approval from Bangladesh’s securities regulator to list for Taka5.2bn ($61.9m), making it the country’s largest IPO.

    • 25 Sep 2020
  • Thai ECM gets fillip as SCG kicks off chunky $1.25bn listing

    Thailand’s IPO market got a boost this week with SCG Packaging launching what is set to be the country’s largest listing since Covid-19 hit earlier this year. International and local investors have already swamped the deal, which is expected to raise up to Bt39.5bn ($1.25bn), writes Jonathan Breen.

    • 24 Sep 2020
  • Baozun seals $428m Hong Kong secondary listing

    Baozun, a Nasdaq-listed e-commerce solutions provider, raised HK$3.3bn ($427.5m) from its secondary offering in Hong Kong this week, wrapping up the deal on strong international demand.

    • 24 Sep 2020
  • Chindata, Yalla roll out IPOs in volatile markets

    Chinese companies Chindata Group Holdings and Yalla Group have kicked off their US IPOs, testing investor appetite at a time when sentiment is weak and major equity markets have taken a hit.

    • 24 Sep 2020
  • Yangtze Power launches Stock Connect listing in London

    China Yangtze Power, a Chinese utility company, has launched its listing on the London Stock Exchange, becoming the third company to list in London through the London-Shanghai Stock Connect scheme. The deal is expected to be worth up to $3.4bn.

    • 23 Sep 2020
  • Yangtze Power gets CSRC nod for London listing

    China Yangtze Power Co has won approval from the Mainland regulator to push ahead with its IPO on the London Stock Exchange.

    • 23 Sep 2020
  • ZTO Express, Zai Lab wrap up HK secondary listings

    Chinese logistics company ZTO Express (Cayman) and biopharmaceutical firm Zai Lab wrapped up their secondary listings in Hong Kong on Tuesday.

    • 23 Sep 2020
  • Genor Biopharma targets $371m from Hong Kong IPO

    JHBP (CY) Holdings, a holding company for China’s Genor Biopharma, hit the road for its Hong Kong IPO on Wednesday. It is aiming to raise up to HK$2.9bn ($371.2m).

    • 23 Sep 2020
  • JD Health eyes $3bn from Hong Kong spin-off

    JD Health International, the healthcare arm of Chinese e-commerce firm JD.com, is set to list on Hong Kong’s stock exchange by the end of the year.

    • 22 Sep 2020
  • SCG Packaging readies $1.3bn Thai IPO

    SCG Packaging is set to begin investor presentations for its up to Bt39.5bn ($1.26bn) IPO, which will be Thailand’s second largest listing in 2020.

    • 22 Sep 2020
  • Ant wins Shanghai approval for jumbo IPO

    Ant Group is one step closer to launching its blockbuster dual listing in the Mainland and Hong Kong, after the Shanghai bourse gave its blessing to the Star market leg of the IPO.

    • 21 Sep 2020
  • Ming Yuan Cloud prices $797m HK IPO at top end

    Ming Yuan Cloud Holdings has sealed its Hong Kong listing at the top of the marketed range, netting HK$6.2bn ($796.6m) following a strong turnout from sovereign wealth funds and long-only investors.

    • 21 Sep 2020
  • Neusoft Education Tech kicks off HK$1bn IPO

    Neusoft Education Technology, a Chinese private higher education provider, hit the road with its Hong Kong IPO this week, aiming to raise HK$1.04bn ($133.8m).

    • 18 Sep 2020
  • CAMS readies $305m Indian listing

    Warburg Pincus-backed Computer Age Management Services, an Indian finance-focused technology firm, is set to launch its IPO of up to Rp22.4bn ($305.2m).

    • 18 Sep 2020
  • Korean stock prices 'irrationally high', warn bankers, as Big Hit launches IPO

    Big Hit Entertainment, the label behind hugely popular K-pop boy band BTS, this week launched bookbuilding for an IPO that will be worth as much as W962.6bn ($818.4m). The company is the latest to ride a wave of demand sweeping the country’s stock market, causing an over-heating that is pushing prices dangerously high, said bankers. Jonathan Breen reports.

    • 17 Sep 2020
  • Zai Lab and Baozun add to HK ECM momentum

    US-listed Chinese companies Zai Lab and Baozun have kicked off secondary offerings on the Hong Kong Stock Exchange, adding further momentum to the city’s already hot equity capital market.

    • 17 Sep 2020
  • Ming Yuan Cloud to close HK$6bn IPO early

    Ming Yuan Cloud Holdings is set to wrap up bookbuilding for its up to HK$6.2bn ($796.7m) Hong Kong IPO on Thursday, following a flood of demand from global investors, according to two sources close to the deal.

    • 16 Sep 2020
  • Huazhu guides investors on HK$6bn listing

    Chinese hospitality company Huazhu Group is on track to raise around HK$6.06bn ($781.8m) from its secondary offering in Hong Kong, after sending price guidance to investors.

    • 16 Sep 2020
  • ZTO Express joins hot secondary offering market with $1.6bn deal

    Mainland-based logistics company ZTO Express (Cayman) has hit the road with its Hong Kong secondary offering, with two other Chinese US-listed firms hot on its heels.

    • 16 Sep 2020
  • Ming Yuan Cloud launches $796m IPO in Hong Kong

    Ming Yuan Cloud Group Holdings, a Chinese property sector-focused software company, has kicked off its Hong Kong IPO worth up to HK$6.2bn ($796.3m).

    • 15 Sep 2020
  • Zai Lab, ZTO Express ready HK secondary listings

    US-listed Zai Lab and ZTO Express (Cayman) are set to launch secondary offerings in Hong Kong. Both the companies filed their final listing documents with the city’s bourse.

    • 14 Sep 2020
  • Fulu nabs $115m from Hong Kong listing

    Virtual goods platform Fulu Holdings has raised HK$890m ($114.8m) after pricing its IPO at the top of the marketed range, according to a source close to the deal.

    • 14 Sep 2020
  • Neusoft wins approval for Hong Kong listing

    Neusoft Education Technology, a private higher education provider, got the go-ahead for its IPO this week from the Hong Kong Stock Exchange.

    • 11 Sep 2020
  • Huazhu Group kicks off HK$7.3bn HK secondary listing

    Chinese hospitality company Huazhu Group has launched a secondary offering in Hong Kong, the latest in a growing number of dual listings on the bourse.

    • 11 Sep 2020
  • Marketing firm Joy Spreader Interactive launches $225m HK IPO

    Joy Spreader Interactive Technology kicked off its Hong Kong IPO on Thursday, aiming to raise up to HK$1.7bn ($225.2m).

    • 10 Sep 2020
  • Coronavirus drug maker SciClone Pharma eyes Hong Kong IPO

    SciClone Pharmaceutical (Holdings), a Chinese biopharmaceutical company that claims to have developed a drug to treat Covid-19, is seeking the greenlight to list in Hong Kong.

    • 09 Sep 2020
  • Citi drops Boqii’s $115m NYSE listing

    Chinese pet-focused e-commerce site Boqii Holding filed its listing documents for a US IPO on Tuesday, but Citigroup, one of the original lead banks on the deal, is now no longer in the syndicate.

    • 09 Sep 2020
  • Chinese trio line up for $1bn in US listings

    Chindata Group Holdings, iHuman and Yalla Group filed IPO paperwork with the US regulator on Tuesday as they prepare to float on New York stock exchanges.

    • 09 Sep 2020
  • LVMH veteran-led Spac eyes $225m US IPO

    Singapore-based special purpose acquisition company (Spac) Aspirational Consumer Lifestyle Corp is looking to raise $225m from a listing on the New York Stock Exchange.

    • 08 Sep 2020
  • Updated: Ant clears up Alibaba ties, business model after SSE questions

    Ant Group has tackled more than two dozen questions posed by the Shanghai Stock Exchange ahead of its concurrent jumbo IPOs on the Star market and Hong Kong. The digital payment firm’s ownership structure, especially its ties to Alibaba Group Holding, as well as its business model and use of the listing proceeds were under scrutiny.

    • 08 Sep 2020
  • Ming Yuan Cloud pre-markets Hong Kong IPO

    Real estate-focused software company Ming Yuan Cloud Group Holdings has kicked off pre-deal investor education for its Hong Kong listing, according to a senior source close to the transaction.

    • 08 Sep 2020
  • India's Happiest Minds Tech cracks opens Rp7bn IPO

    Happiest Minds Technologies kicked off a three-day bookbuilding for its Indian IPO on Monday.

    • 07 Sep 2020
  • Virtual goods platform Fulu launches HK$890m listing

    China’s Fulu Holdings hit the market on Monday, opening books for an IPO that could raise up to HK$890m ($114.8m).

    • 07 Sep 2020
  • Yum China guides investors to $2.2bn listing

    Yum China, the Mainland-based fast food franchise operator, was eyeing at least HK$17.3bn ($2.2bn) in fresh equity on Friday after giving investors some price guidance for its secondary listing in Hong Kong.

    • 04 Sep 2020
  • Investors fill up on billion-dollar Yum China IPO

    Fast food franchise operator Yum China Holdings is cooking a multi-billion-dollar secondary offering in Hong Kong. It is the latest deal in a growing trend that bankers expect will bring more US-listed Chinese companies to the exchange by the the end of 2020, writes Jonathan Breen.

    • 03 Sep 2020
  • Geely Auto drives to Star board for secondary listing

    Hong Kong-listed Geely Automobile has filed an application to list on the Shanghai Star board, as it prepares to become the first automaker to float on the bourse.

    • 03 Sep 2020
  • K-pop manager Big Hit Entertainment readies IPO

    South Korea’s Big Hit Entertainment, the manager of K-pop boy band BTS, is set to launch an IPO worth up to W962.6bn ($811.7m) later this month.

    • 02 Sep 2020
  • China Resources Mixc Lifestyle, Cheerwin line up HK listings

    Property manager China Resources Mixc Lifestyle Services is planning an IPO on Hong Kong’s stock exchange, getting the ball rolling with an application to the bourse this week.

    • 01 Sep 2020