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IPO

IPO
Latest news and analysis on initial public offerings (IPOs), with a particular focus on companies raising funds on the Hong Kong Stock Exchange.
last updated:
9 September, 2024
The number of IPOs on the Hong Kong stock exchange is rising. Photo: Jelly Tse
Hong Kong

Chinese soda maker Dayao plans Hong Kong IPO to raise up to US$500 million

The Inner Mongolia-based maker of carbonated beverages, juices and protein drinks is working with advisers on the size and timing of the deal.

Honor

Honor brings on Huawei veteran to lead firm as CEO George Zhao Ming resigns

Banking & finance

Key Beijing official in Hong Kong urges city to address market ‘shortcomings’

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Banking & finance

Hong Kong IPOs excite funds, bankers as jumbo deals return, CICC says

Foshan Haitian Flavouring, CATL are among mainland industry leaders planning billion-dollar IPOs as China deepens market connectivity.

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A man walks past a CICC signboard in Guomao, Beijing. Photo: Getty Images
Banking & finance

Hong Kong, GCC seek synergies in finance and infrastructure to deepen ties

Officials from Saudi Arabia, UAE, Oman and Qatar say Hong Kong can a play a major role to help diversify their economies.

Electric & new energy vehicles

China’s WeRide starts third European self-driving trial in Switzerland

Company is stepping up efforts in Southeast Asia, the Middle East, Europe, Japan and South Korea, CEO Tony Han says.

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Hong Kong economy

Editorial | Shot in the arm for Hong Kong as key financial facilitator

People’s Bank of China governor Pan Gongsheng reiterates city’s superconnector role at Asian Financial Forum.

Efforts are being made to boost Hong Kong’s role as an offshore yuan financing centre. Photo: Shutterstock
Banking & finance

China’s CATL poised to pick banks for US$5 billion Hong Kong share sale

World’s top maker of EV batteries is considering a second listing in Hong Kong that could help it raise at least US$5 billion.

Hong Kong stock market

Toymaker Bloks jumps 82% in Hong Kong stock debut after sizzling IPO deal

Demand from Hong Kong retail investors was 6,000 times more than the amount of shares allocated to them, the second highest on record.

Indonesia

Hong Kong makes overture to Indonesian companies to raise capital

Companies in Southeast Asia’s most populous nation should find Hong Kong’s capital market an ‘attractive and advantageous’ place for raising funds, Paul Chan said.

Hong Kong Financial Secretary financial secretary Paul Chan Mo-po in Jakarta. Photo: SCMP Pictures
Banking & finance

BrainAurora shares rise 3.4% in Hong Kong debut as city eyes IPO crown in 2025

BrainAurora’s closing price of HK$3.33 values the entire company at HK$4.22 billion (US$542 million).

BrainAurora chairman Tan Zheng (left) and CEO Wang Xiaoyi with the ceremonial gong at the stock exchange on Tuesday. Photo: Aileen Chuang
Hong Kong economy

Editorial | Hong Kong braces for an IPO revival after ringing in necessary changes

Reforms, mainland China support and easing of interest rate environment raise hopes of comeback by Hong Kong bourse.

Stocks

Smithfield Foods, the US pork giant owned by WH Group, eyes Nasdaq listing

The Chinese company took Smithfield private in a US$4.7 billion deal in 2013, terminating its 14-year listing on the NYSE.

HKEX

Hong Kong exchange’s IPO reforms would draw more listings, bankers say

HKEX proposals on public float and allocation requirements would help city draw more listings, institutional investors, UBS says.

Hong Kong bourse operator Hong Kong Exchanges and Clearing is based in Exchange Square in Central, pictured on June 24, 2022. Photo: Dickson Lee
Stocks

Chinese fast-food chain LXJ seeks IPO in Hong Kong amid market revival

LXJ operates 1,404 restaurants across 53 mainland cities, serving meals costing about 20 yuan (US$2.73) on average.

Chinese fast food chain operator LXJ International is joining a revival in IPO market in Hong Kong. Photo: Weibo/ @ Lao Xiang Ji
E-commerce

UK lawmakers summon Shein and Temu for questioning over labour practices

Both online retailers have faced allegations of poor working practices at product factories in China and of forced labour in supply chains.

Alibaba

Alibaba’s Freshippo records 9 straight months of profit, CEO says

The grocery chain has hit a profitability milestone this year, according to CEO Yan Xiaolei, who assumed the role in March.

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Banking & finance

Chery adds JPMorgan to arrange US$1 billion Hong Kong listing

The company may seek a valuation of more than 100 billion yuan (US$14 billion ), people familiar with the matter have said.

Omoda E5 electric cars manufactured by Chinese automaker Chery are unloaded from a cargo ship at the Royal Portbury Dock, near Bristol in southwestern Britain on September 5, 2024. Photo: Reuters
Banking & finance

Tencent-backed WeDoctor revives plan for Hong Kong fundraising

Earlier this month, sources said the company expected to raise US$400 million to US$500 million.

Banking & finance

Better year expected for IPO bankers as Hong Kong reclaims top 10 global ranking

EV battery maker CATL and condiment producer Foshan Haitian are among mainland industry champions seeking a listing in Hong Kong in 2025.

Hong Kong stock market

Busy day for Hong Kong’s IPO market as 3 companies start trading

The last time the Hong Kong exchange had three new listings on the same day was July 10.

Outside Hong Kong’s stock exchange in Central. Photo: Edmond So
Banking & finance

World’s largest EV battery maker plans Hong Kong IPO to fund global growth

The Shenzhen-listed battery maker’s share issuance plan is pending approval from regulators and shareholders.

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Contemporary Amperex Technology is the world’s largest EV battery maker, accounting for nearly 37 per cent of the global market. Photo: Reuters
Banking & finance

Hong Kong’s 2025 IPO boom awaits as policies and rates align, bankers say

Deloitte forecasts Hong Kong IPO volume to surge 71 per cent to US$19.3 billion in 2025, which has been collating the city’s IPO data since 2011.

Hong Kong economy

Opinion | Weakest link in Hong Kong’s tech ecosystem? Scale-up funding

With venture capital and IPO growth weak globally, start-ups should aggressively seek international commercialisation, leverage marketing strategies and connect with power players overseas.

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Mergers & Acquisitions

SPAC backed by Hong Kong investors readies US$150 million NYSE IPO

The SPAC is managed and backed by executives from Pacific Aegis Capital Management, Gobi Partners and Hermitage Capital.

The New York Stock Exchange is decorated and lit up for the holiday season. Photo: AFP
Ant Group

Chinese fintech giant Ant denies imminent restart of IPO process

Amid rife speculation, the company says it has no current plans to go public or pursue a back-door listing.

An Ant Group building in Hangzhou, China. Photo: Shutterstock
HKEX

HKEX unveils reforms to boost Hong Kong’s IPO market so it can reclaim top spot

Changes to board representation and listing rules are aimed at making Hong Kong a more attractive listing destination, HKEX says.

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Hong Kong Stock Exchange

Hong Kong IPO: actor Roger Kwok’s Herbs Generation ends up 10% on debut

The healthcare company’s shares were oversubscribed 6,083 times after they were priced at the low end of the range at HK$3.75.

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