TOPIC

IPO

Beijing has moved to cut prices of drugs and improve their efficacy and safety. Here a woman works at the pharmacy of a state-owned hospital in a town in Hebei province, China, in this photo taken in 2008.

China pharma has a bitter pill to swallow: R&D

Beijing wants cheaper, better drugs. That’s pressuring drug makers to innovate as generics become more competitive.

  • New policy environment demanding cheaper drugs adds pressure to innovate
  • China’s hospital drugs market was US$118 billion last year

China’s Tencent-backed ticketing app to raise funds in Hong Kong

Exclusive | Is the trade war the party pooper in Hong Kong’s 2019 IPO bonanza?

Exclusive | Hong Kong’s reluctance on crypto IPOs may imperil Bitmain’s plan

A technician inspects bitcoin mining machines at a mining facility operated by Bitmain Technologies in Ordos in Inner Mongolia on Friday, August 11, 2017. Bitmain is one of the leading producers of bitcoin-mining equipment and also runs Antpool, a processing pool that combines individual miners from China and other countries, in addition to operating one of the largest digital currency mines in the world. Photo: Bloomberg

Security token offerings ‘essentially an illegal’ activity in China

Is the IPO wave of 2018 the last hurrah before the party ends?

Analysts are unanimous in their view that today’s breed of tech companies will face the same upheavals that caused turmoil in the internet sector in 2000, where only the fittest survive.

Advertisement
Advertisement

Hong Kong regains crown as the No 1 market for raising funds

Eighty-four companies raise US$28.6 billion in the first nine months, up 220 per cent from a year earlier.

Eighty-four companies raise US$28.6 billion in the first nine months, up 220 per cent from a year earlier

China publisher of Legend of Sword and Fairy to list in Hong Kong

CMGE hopes to raise about US$500 million, but cautions investors it expects most of its revenue to continue coming from licensed games and games based on its licensed intellectual properties

Hong Kong’s first biotech dual listing runs headlong into bad timing

Market observers say the Nasdaq-listed cancer drug maker, which is seeking a dual listing in Hong Kong, has succeeded in selling its IPO by a narrow margin

World’s biggest IPO since 2014 fails to woo public

The mobile phone-tower operator’s mega IPO comes at a ‘delicate time’ as both stocks and the Chinese currency tumble amid US-China trade war, say analysts

The IPO has failed to capture the public imagination. Photo: EPA

6 podcast shows to add to your listening diet for summer 2024

Whether you’re looking for jaw-dropping facts about your mind and body or petrifying peeks into the afterlife, there is a podcast for you

Our research found Hongkongers have a greater interest in informative podcasts than entertainment – here’ six summer podcast recommendations to diversify your diet. Image: Shutterstock

Hong Kong blockchain gaming firm Animoca sets sights on recovery after listless 2023

Animoca’s ability to weather last year’s storm in its industry has bolstered the company’s confidence in the digital-asset market’s recovery.

videocam

China dials up scrutiny of Big Four audit firms after Evergrande probe: sources

China’s Ministry of Finance’s scrutiny is mainly focused on Deloitte, EY, PwC, KPMG and their audits of some financial firms as well as highly leveraged companies.

Cirrus Aircraft prices its stock midrange at HK$27.50 in Hong Kong

Global delivery of personal aircraft rose by 15 per cent to 2,215 units in 2023, from 2021, because of the recovery from the pandemic and consumers’ preference for premium travel, Frost & Sullivan said.

The four-seat, single-propeller SR-22 made by Cirrus Aircraft. Photo: Shutterstock

Hozon to use Hong Kong IPO as launch pad for exporting Neta EVs

‘We look to grow bigger and stronger by localising our best technologies, products and services in markets worldwide,’ founder Fang Yunzhou says.

The Chinese EV maker Hozon has seen deliveries of its Neta-branded cars rise in Thailand. Photo: EPA-EFE

Chinese digital retail service provider Dmall cleared for Hong Kong IPO

The Shenzhen-based company, backed by Tencent and Lenovo, plans to sell up to 86 million shares, according to a statement posted on the CSRC website.

In China’s Guangzhou, a web of factories gives rise to Shein

An extensive army of manufacturers, managed through a complex digital system, has fed Shein’s meteoric growth.

12
Advertisement
Advertisement

AI deals lift US venture-capital funding to highest level in two years

Investors’ ongoing excitement around building and adopting artificial intelligence has fuelled the recovery of venture-capital funding in the world’s largest economy.

Investors’ ongoing excitement around building and adopting artificial intelligence has fuelled the recovery of venture-capital funding in the United States. Photo: Shutterstock

Fintech giant Ant Group spins off database firm as Alibaba affiliates take stake

A shareholder restructuring for OceanBase, which develops the database tech behind Alipay, gives 35 companies a stake, paving the way to a possible public listing

Hong Kong IPOs: PwC cuts 2024 fundraising prediction by 20% to US$10.2 billion

About 80 companies could list in Hong Kong this year, raising a total of HK$80 billion (US$10.2 billion), much lower than the HK$100 billion previously anticipated, PwC says.

videocam

Exclusive | International firms are eyeing Hong Kong IPO thanks to Stock Connect: UBS

Companies from the Middle East, Asia and Europe in particular are looking at Hong Kong, says the Swiss bank, after a push by Chief Executive John Lee Ka-chiu to promote the city’s fundraising credentials abroad.

videocam
The bourse operator, Hong Kong Exchanges and Clearing, has focused strongly on attracting international listings in recent years. Photo: Reuters

Synagistics set for Hong Kong listing through SPAC backed by former HKMA head

The deal values Singapore-based Synagistics, which provides digital commerce services, at HK$3.5 billion (US$448 million), according to an exchange filing.

A view of Exchange Square in Central, home of Hong Kong stock exchange operator Hong Kong Exchanges and Clearing, on April 2, 2024. Photo: Jelly Tse

Hong Kong’s IPO outlook brightens with 2 Chinese firms submitting applications

Hong Kong stock exchange’s IPO prospects has received a boost after fundraising in the city slumped to a two-decade low in the first half of the year.

videocam

Editorial | Chan lifts hopes with brighter prospects on horizon for Hong Kong economy

An upbeat assessment by Hong Kong’s financial secretary on initial public offerings to investment and attracting talent augurs well for city’s recovery.

Hong Kong jeweller, data-provider listing debuts give market whiff of optimism

A couple of solid listing debuts at the Hong Kong stock exchange have brought cheer to its new issue market as the city which saw a dismal first half.

Beijing-based LaoPu Gold announced today its first Hong Kong store opening on September 13, at a major shopping centre in Tsim Sha Tsui. Photo: SCMP Pictures

Hong Kong drops down the rankings as IPO proceeds plunge to 2-decade low

The proceeds from new listings are down 35 per cent from a year ago and the lowest since the first half of 2003 when the Sars virus derailed the city’s markets.

4
Hong Kong fell four positions in the LSEG’s league table from this time last year, when it ranked ninth globally before ending the year in eighth position. Photo: Jelly Tse

Hong Kong can expect more IPOs in second half of year: Paul Chan

Finance chief set to visit Australia in September to promote the city and says government’s investment arm is screening 100 potential firms.

How can Shein remain at the top its game? Experts at Bain and Kantar offer tips

‘An agile supply chain and connected-commerce capabilities are needed to sustain its success in an ever changing marketplace,’ Bain partner Derek Deng says.

Advertisement
Advertisement
Help preserve 120 years of quality journalism.
SUPPORT NOW
IPO
Latest news and analysis on initial public offerings (IPOs), with a particular focus on companies raising funds on the Hong Kong Stock Exchange.
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement
Advertisement

Hong Kong blockchain gaming firm Animoca weighing 2025-26 IPO, founder says

Animoca Brands co-founder Yat Siu said he hopes an IPO will bring ‘more attention to Web3’ and Asian markets, with a possible Hong Kong listing.

Animoca Brands is the biggest Web3 company in Hong Kong, with a portfolio of more than 400 start-ups. Photo: Shutterstock
Animoca Brands is the biggest Web3 company in Hong Kong, with a portfolio of more than 400 start-ups. Photo: Shutterstock

Hozon applies to raise capital through an IPO in Hong Kong

Hozon is the latest to jump at the opportunity to raise funds abroad after China’s securities regulator opened the floodgates in mid-April to support qualified industry leaders to raise capital in Hong Kong.

Shein filed for London IPO in early June, sources say

The company has also updated China’s securities regulator officially about its change of listing venue, the sources say.

Exclusive | HKSTP start-ups go on a journey to the West to pitch, raise capital

The companies are involved in different types of technology, underscoring the broad spectrum of industries and technological verticals that the HKSTP is nurturing among the 1,700 start-ups at its sprawling park.

videocam
An undated photograph of the city of San Jose, California, in the middle of Silicon Valley. Photo: AFP

Editorial | Chan makes mark in first 100 bullish days as chief of HKEX

As the Hong Kong stock market recovers from the gloom of the Covid-19 years, it looks forward to more IPOs, greater investment and fundraising.

4
Bonnie Chan Yiting, the chief executive of Hong Kong Exchanges and Clearing, says the world’s fourth-largest capital market is now vetting more than 100 listing applications. Photo: Dickson Lee
Bonnie Chan Yiting, the chief executive of Hong Kong Exchanges and Clearing, says the world’s fourth-largest capital market is now vetting more than 100 listing applications. Photo: Dickson Lee

China anti-corruption unit detains provincial market regulator amid stock slump

The chief of a CSRC branch in Jiangsu province is under anti-corruption investigation, the Central Commission for Discipline Inspection confirms.

4

Exclusive | Shein investors said to grow jittery with London IPO plan in limbo

Plans for a quick blockbuster public listing by Shein are facing a host of uncertainties, according to people familiar with the matter.

videocam

Hong Kong exchange will promote yuan products, rebuild IPO status: chairman

HKEX will seek to boost international use of the yuan and enhance Hong Kong’s connector role between China and the world, Carlson Tong says.

Carlson Tong, chairman of Hong Kong Exchanges and Clearing, meets the media at Exchange Square in Hong Kong on June 21, 2024. Photo: Edmond So