Follow-ons/Rights Issues

  • iQiyi adds to stream of ADS fundraisings

    iQiyi adds to stream of ADS fundraisings

    US-listed Chinese companies have raised more than $12bn from equity investors in the past month, with iQiyi becoming the latest to simultaneously sell a convertible bond and price a follow-on offering of its American depositary shares. With valuations soaring for many of these stocks, bankers expect more issuers to jump into the market in 2021, writes Jonathan Breen.

  • Nio follows peers with $2.7bn ADS offer

    Nio follows peers with $2.7bn ADS offer

    Nio has launched a US follow-on offering that could raise up to $2.71bn, becoming the third Chinese electric vehicle (EV) maker to tap the equity market in less than two weeks.

  • Sea rides on ADS rally for $2bn equity raise

    Sea rides on ADS rally for $2bn equity raise

    Singapore-based consumer internet company Sea, whose New York-listed shares have soared by more than 400% this year, is looking to take advantage of that positive sentiment to raise around $2bn from a new equity offering.

Follow-ons/rights issues archive