NetEase launches $2.8bn Hong Kong secondary listing

Hong Kong_adobe_12May_575
By Jonathan Breen
02 Jun 2020

Online game developer NetEase has begun bookbuilding for its long-awaited Hong Kong secondary offering. The company is aiming to raise around HK$21.6bn ($2.8bn).

Nasdaq-listed NetEase is the second US-listed Chinese company to float in the special administrative region, following Alibaba Group Holding’s lead in November 2019. The local market has been eagerly awaiting the next float by a Chinese internet giant as they look for some new investment opportunities. ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial