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IPO

Graphics processing unit designer Moore Threads is pursuing a potential public listing amid enthusiasm around progress in China’s chip industry. Photo: Moore Threads Technology

China’s chip start-up taking on Nvidia kicks off pre-IPO process

Moore Threads has hired Citic Securities to start the ‘tutoring’ process as it seeks to capitalise on enthusiasm in China’s semiconductor industry.

China’s AI chip unicorn Moore Threads moves closer to possible IPO

China’s market regulator strikes positive tone as investors expect turbulence

Chinese power chipmaker Innoscience found to have infringed rival’s patent

The US International Trade Commission rules that Innoscience infringed one of the patents of American firm Efficient Power Conversion Corp.

Innoscience Technology makes high-performance, low-cost gallium-nitride-on-silicon power chips. Photo: Innoscience

GCash not rushing to launch IPO due to strong financial position: chairman

Ernest Cu, chairman of the Philippine mobile payments giant, says the initial public offering ‘should be ready very shortly’.

48% debut gain shows why this Hong Kong IPO bags 5,678 times subscription

IPO of Chinese auto-parts maker ranks second to Kwai Chung’s 2018 offering as the most coveted by Hong Kong retail investors.

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UK lawmakers could question Shein over workers’ rights early next year

Ahead of a possible London listing, UK trade committee will also look at how to ensure protection against poor labour standards overseas.

People walk past an ad for online retailer Shein in London, UK. Photo: Reuters

Shein touted as model unicorn in China’s ‘new quality productive force’ push

Shein, which sells budget clothing to a global customer base, was praised by state media for its contribution to industry upgrading.

Saudi Arabia’s first ETF tracking Hong Kong stocks opens flat on Tadawul debut

Albilad ETF, which tracks 30 Hong Kong-listed sharia-compliant stocks, opened flat at the opening bell.

First overseas company listing in Hong Kong via SPAC marks historic milestone

Synagistics starts trading under the 2562 stock code on Wednesday after combining its business with Hong Kong Acquisition Corporation.

In Hong Kong, a SPAC needs to raise at least HK$1 billion. Photo: Winson Wong

CICC hit with US$1.1 million in penalties over chip company’s IPO

The company, considered China’s Goldman Sachs, failed to exercise due diligence in S2C’s aborted share listing, CSRC says.

A Chinese flag flies outside the China Securities Regulatory Commission building in Beijing on February 8, 2024. Photo: Reuters

Shein’s profits said to plunge 70%, adding uncertainty to IPO

Slowing earnings growth is weighing on the company’s plan for a public market debut in London.

Chinese robotaxi start-up WeRide files for US$119 million IPO

The IPO would be one of the largest US listings by a Chinese firm since Didi Global’s in 2021.

Horizon Robotics’ shares jump 28% in Hong Kong trading debut

Shares of Beijing-based tech firm changed hands at HK$5.12 when trading began, versus the IPO price of HK$3.99.

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Yu Kai, the chairman and chief executive of Horizon Robotics, at the trading debut of the company’s shares on the Hong Kong stock exchange. Photo: Aileen Chuang

Opinion | Hongkongers should support John Lee’s determination to improve things

The city’s leader has backed his promise to improve the city’s competitiveness and livelihoods with policies to protect prosperity and stability.

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Chief Executive John Lee Ka-chiu holds up a copy of the latest policy address during a press conference at the government’s headquarters in Admiralty on October 15. Lee deliver his third annual policy address on October 16. Photo: Eugene Lee

HKEX’s third-quarter profit rises 7% on IPOs, turnover

Funds raised from IPOs in the June to September quarter reached HK$42.2 billion, six times higher than a year earlier.

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CR Beverage rises in Hong Kong trading debut as IPOs return to city

Trading under the code 2460, CR Beverage closed the day 14.6 per cent higher at HK$16.62 from its IPO price of HK$14.50.

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China’s Midea eyes bigger global market share after US$4.6 billion IPO

Appliance maker looks at Saudi Arabia, Brazil and Africa as it aims to expand its international sales network by a third.

Poeple look at Midea appliances in Changchun, in China’s northeast Jilin province, on September 11, 2024. Photo: Getty Images

Hong Kong IPOs to highlight big week in Asia as ‘animal spirits’ return

China Resources Beverage and Horizon Robotics are set to make their trading debut in Hong Kong on Wednesday and Thursday, respectively.

Hong Kong sets 40-day ‘deadline’ to vet IPOs to boost market appeal

New time frame for processing IPO applications will add clarity and transparency, and potentially save costs for candidates, experts say.

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Chinese robotaxi firm Pony AI files for US IPO

Pony AI, in which Toyota owns a 13.4 per cent stake, revealed that its revenue nearly doubled to US$24.7 million in the first half of 2024.

Workers at a Pony AI operation centre in Beijing, August 21, 2024. Photo: EPA-EFE

Hong Kong bound for top of IPO charts, outgoing SFC chair says

In a farewell media briefing, Tim Lui also says he is grateful to see the SFC owning its own permanent office space.

Outgoing Securities and Futures Commission chairman Tim Lui Tim-leung hosts his last media briefing at the commission’s office in Quarry on October 17, 2024. Photo: Enoch Yiu

Soy-sauce maker Haitian may raise US$1.5 billion in Hong Kong IPO

The Guangdong-based company is in talks with advisers on a potential share sale in the Asian financial hub and a listing could happen in the first half of next year.

Hong Kong to enhance IPO rules to attract listings, John Lee says

Certainty in timing would go a long way towards enhancing Hong Kong’s attractiveness as a fundraising hub, proponents said.

Hong Kong IPOs: market abuzz with activity after China stimulus

Hong Kong’s IPO market is experiencing a surge in activity, driven by Beijing’s stimulus measures and improved investor sentiment.

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Horizon Robotics is using the pickup in sentiment to raise US$700 million on the Hong Kong stock exchange. Photo: VCG via Getty Images

Hyundai IPO a test of investor confidence in India’s growth story

The IPO proceedings could help Hyundai narrow market gaps in India, expand its facilities to serve global markets, analysts say.

An Indian man passes by a Hyundai Motor India Limited car showroom in Mumbai, India. Photo: EPA-EFE

CR Beverage to use US$640 million IPO to fund expansion, supply chain efficiency

China’s second-largest bottled water firm plans to sell 347.8 million shares at HK$14.50 each.

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HKEX launches white paper to ‘spark discussion’ on cutting settlement time

The bourse operator is enhancing its systems to create a clearing and settlement platform that will make the market T+1 ready by end of 2025.

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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
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