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Equity IPOs

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  • China’s Dada Nexus, an operator of on-demand retail and delivery platforms, has launched bookbuilding for its up to $280.5m US listing, according to a source familiar with the matter.
  • 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).
  • US-listed internet giant NetEase is set to launch its Hong Kong secondary public offering, after getting the green light from the city’s stock exchange.
  • Biopharmaceutical company Legend Biotech Corp has kicked off bookbuilding for its Nasdaq IPO of up to $368.5m, according to a source familiar with the matter.
  • Shares in JDE Peet’s, the coffee company which priced its IPO on Thursday, traded up by over 13% on their first day on the Amsterdam exchange. The rise vindicated the syndicate's decision to accelerate the roadshow on what is predicted will be Europe’s largest listing all year.
  • South Korean firm Big Hit Entertainment, manager of popular K-pop boy band BTS, has applied for a preliminary review of its IPO with the Korea Exchange.