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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.
Standard Chartered and HSBC reported strong growth in their wealth management business. Photo: Eugene Lee
Wealth management

Hong Kong’s booming wealth sector to lead hiring and office expansion, HKMA says

Major private banks managed 14 per cent more assets in the first half and hired over 400 bankers in the last two years, HKMA’s Eddie Yue says.

Hong Kong property

Can Hong Kong’s financial sector revive the city’s floundering office market?

HKEX

HKEX to lower minimum float for more companies to tap IPO boom

E-commerce

Shein’s revenue rises to US$10 billion in quarter before Trump tariffs

Shein likely benefited as consumers stocked up on products before the US removed its de minimis exemption for Chinese goods.

A Shein e-commerce distribution centre in Whitestown, Indiana. Photo: Dreamstime/TNS
Hong Kong economy

Editorial | Hong Kong must make the most of its impressive economic comeback

Now that stability and prosperity have returned, thanks to mainland support, the city must seize the momentum to contribute to new Chinese growth.

Electric & new energy vehicles

CATL posts 34% profit growth, defying weak global EV demand

The world’s largest electric vehicle battery maker saw its net profit reach US$2.3 billion in the second quarter.

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Banking & finance

Nvidia’s printed circuit board supplier Victory Giant plans Hong Kong IPO

Chinese printed circuit board maker plans to sell up to 10 per cent of its existing share capital.

Inside a Victory Giant Technology factory. Photo: Handout
Accounting and auditing

Hong Kong audit watchdog warns of quality risks amid fee cuts, tight deadlines

Of the 16 auditors inspected by the AFRC, 13 accepted lower fees than the previous firm, while 12 have been asked to step up their audit quality.

Hong Kong economy

Opinion | IPO boom a stepping stone for Hong Kong to become region’s capital hub

As geopolitics, industrial policy and shifting capital flows reshape the landscape, Hong Kong’s IPO boom is part of a regional growth story.

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Banking & finance

Gold miner Shanjin plans Hong Kong IPO amid record gains in precious metal

Shanjin was among China’s top 10 gold mining groups based on output and profitability in 2023.

A man walks past an electronic board inside the Hong Kong Stock Exchange in Central. Photo: Xinhua
Hong Kong economy

Macroscope | How mainland capital flight is reviving Hong Kong market’s mojo

While capital can be volatile, Hong Kong’s role as the conduit between Chinese and global finance puts its financial sector in a sweet spot.

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Guests pose for photos during companies’ listing ceremonies at the Hong Kong stock exchange on July 9. Photo: Reuters
Wealth Report

Regulatory changes and other measures are driving growth in Hong Kong IPOs

A wave of reforms is driving growth in IPO listings in Hong Kong, with experts including Deloitte China’s Edward Au bullish on further growth through the rest of the year.

India

India IPOs to raise US$30 billion over the next 12 months, top arranger says

The IPO filings reflect ‘deepening confidence of issuers in India’s capital markets’, Kotak Mahindra Capital’s investment banking head says.

HKEX

Hong Kong brokers divided on the pros and cons of 24-hour trading

The Orion Derivatives Platform developed by HKEX for roll-out in 2028 creates the capability to handle near 24-hour trading in derivatives.

A video Wall at the Connect Hall of the HKEX on February 28, 2018. The hall was converted into a ceremonial space for marking the trading debuts of stocks during initial public offerings, since trading was all digitalised and computerised a year earlier. Photo: Xiaomei Chen
Robotics

China robotics firm Unitree eyes IPO filing this year

The company is on track to become the first humanoid robot maker to list on a mainland bourse.

A humanoid robot from Unitree Robotics. Photo: AFP
Hong Kong

Chinese circuit-board maker Victory Giant considering Hong Kong listing: sources

Shenzhen-listed company’s shares have jumped 270 per cent this year.

Banking & finance

Singapore to allocate US$856 million to boost stock market

First phase of US$3.9 billion plan to boost liquidity and participation ropes in three asset managers including JP Morgan.

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Hong Kong stock exchange

Opinion | Hong Kong must spread its wings and look beyond mainland Chinese IPOs

If Hong Kong wants to lead Asia’s next capital markets cycle, it needs to become the top choice for the whole region, not just the mainland.

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Illustration: Craig Stephens
Wealth management

Shareholders of Chinese firms eye Hong Kong for family offices: asset manager

Chairman of Oakwise Capital says wealthy mainland Chinese will continue looking to Hong Kong as a home for their family offices.

Hong Kong politics

Letters | Same-sex bill is an acid test of Hong Kong’s human rights protection

Readers discuss the city’s constitutional order, the argument against recognising same-sex relationships, and two-dish rice queues in Hong Kong’s financial district.

Hong Kong

MiniMax, the ‘world-class’ AI start-up lauded by Nvidia’s Huang, plans IPO

MiniMax aimed to raise between HK$4 billion and HK$5 billion, but its deal size and valuation could change depending on market conditions, Reuters said.

MiniMax’s company brand logo on its website on March 24, 2024. Photo: Shutterstock
Wealth Report

Hong Kong stock exchange has simplified IPOs with tech companies in mind

Jack Chan, EY China’s chairman, describes how the HKEX and SFC’s new Technology Enterprises Channel has streamlined the process for technology firms.

Financial Secretary Paul Chan Mo-po (fourth from right) and Bonnie Chan Yiting (third from right), CEO of the Hong Kong stock exchange, celebrate the listing of Contemporary Amperex Technology (CATL), a Chinese battery company that joined the market ahead of the launch of the new Technology Enterprises Channel that is aimed at attracting more firms from the tech sector. Photo: SCMP
Hong Kong economy

Opinion | How Hong Kong can capitalise on its window of opportunity this year

Hong Kong’s financial services sector is seeing a rebound, but the government must also focus on the livelihoods of ordinary people.

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Singapore

Singapore IPO revival hopes rise as NTT’s Reit debut gains

US$773 million data-centre listing is SGX’s biggest listing in eight years.

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Business of climate change

Shougang Lanzatech delays Hong Kong IPO again due to dispute with JV partner

The company provides no new guidance on listing and says it is ‘assessing an updated timetable’.

Exchange Square in Central. Photo: May Tse
Robotics

Robot maker AgiBot seeks stake in Shanghai firm in potential back-door listing

The Tencent-backed start-up plans to acquire a controlling stake in Swancor Advanced Materials for US$279 million.

AgiBot’s acquisition plan reflects the growing need in China’s robotics industry to raise more funds, as a number of humanoid robot makers aim for mass production this year. Photo: AFP
Banking & finance

China’s CXMT eyes IPO amid global memory-chip market upswing

CXMT completes formal filing of pre-listing guidance with the China Securities Regulatory Commission.

Hong Kong economy

Editorial | FWD’s IPO journey charts fall and rise of Hong Kong market

Hong Kong has reclaimed its place as a global IPO hub, and supportive policies mean more such success stories could be on the way soon.

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