China International Capital Corp

Chinese hotpot chain Haidilao International Holding pulled off top-end pricing for its HK$7.56bn ($963.3m) Hong Kong IPO this week, wooing institutions with its unique story. But the lukewarm response from retail investors is being viewed as a blessing in disguise for allocations — and hopefully for the stock’s aftermarket performance. Jonathan Breen reports.

Two state-owned companies from Shenzhen and Sichuan managed to woo investors to their dollar bonds on Tuesday, thanks in part to the strong credentials of their respective provinces.

China Everbright International raised HK$10bn ($1.3bn) from a rights offering last week, with the cash call oversubscribed by shareholders.

Chinese property company Sichuan Languang Development Co has added $250m to its coffers from a two year bond that offered one of the juiciest yields for an Asian deal this year.

Viomi Technology, the internet-of-things affiliate of Chinese smartphone maker Xiaomi, opened books on Tuesday for its $125.4m Nasdaq flotation.

Hong Kong IPO hopefuls rushed to file their draft prospectuses with the city’s bourse this week, as the window closes for a launch before the end of the year.

Qutoutiao and 111 have launched their respective IPOs on the Nasdaq this week, while Liulishuo has headed to New York for a listing.

Chinese gaming firm CMGE Technology Group is planning to list in Hong Kong, filing a draft prospectus with the city’s bourse on Tuesday.

China International Capital Corp (Hong Kong) has priced a $400m three year floating rate note in line with market expectations, paying just a single-digit new issue premium.

Chinese property developer Gemdale Corp priced a $150m bond on Thursday, but told investors not to put in any orders after price guidance was released — a move that surprised many debt bankers.

Chinese integrated online healthcare provider 111 has opened books for its IPO of American Depository Shares (ADS), which is slated to raise $148.8m.

Interest among Chinese companies to list in the US continues to remain strong, with personal finance company X Financial and internet firm Viomi setting the stage for their IPOs.