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205 articles matching the search query.
Batteries and microchips: a new generation of the Wang family of Wuxi
In the space of three days, Wuxi Lead was approved to issue ADRs in Switzerland and Leadmicro had a big IPO in Shanghai. The two companies are run by a father and his son, and their contrasting experiences illustrate how a new generation of family business leaders is emerging in China.
Gold in the sewage: An environmental monitoring SME focused on water lists in Shanghai
Bescient Technologies produces automated systems for monitoring water quality, and its IPO application has just been approved.
历时五年 博纳影业终于走到A股IPO
Bona Film Group finally gets its IPO: Five years after submitting its A-share application, Bona Film Group, one of China’s largest production and distribution companies (which listed on Nasdaq in 2010), has received approval to issue 274.9 million A-shares, accounting for 22.5% of the company’s total shares, and plans to use the funds to make eight new films and upgrade its cinemas.
Shanghai COVID lockdown holds up more than a dozen IPOs
At least 16 companies have pushed back their planned initial public offerings on Shanghai’s tech-focused STAR market and Shenzhen’s ChiNext bourse over the latest lockdowns. The companies include device maker Nanjing Cigu Technology and auto supplier Zhejiang Sling Automobile Bearing.
China Medical Robot Maker Hurwa Said to Weigh Hong Kong IPO
Hurwa, a startup making medical robots used in surgeries, is seeking to raise $50 million to $80 million in a pre-IPO private funding round, and is considering a listing in Hong Kong that could raise about $200 million. The company is valued at 8 billion to 10 billion yuan ($1.3 billion to $1.58 billion).
The US is about to get its first Chinese IPO in months
The first U.S. initial public offering from a Chinese company since biotech firm LianBio raised $334 million on the Nasdaq in October 2021 is set to take place with the listing of Meihua International Medical Technologies, which is looking to raise $57.5 million. Meihua makes disposable medical products such as catheters and hospital ID bracelets.
China halts 60 IPOs amid accounting fraud cases
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赴港上市前夜 美菜网被爆总部搬迁、裁员40%
It’s not always profitable following government directives in Xi Jinping’s China, Meicai.com has learned. The farm-to-consumer ecommerce company, which is supposed to help farmers sell their goods to middle-class urbanites, has just laid off 40% of its workforce and moved to a much cheaper head office even as it prepares for a Hong Kong IPO.
SenseTime postpones Hong Kong IPO after more U.S. sanctions
Chinese AI giant SenseTime postponed a planned $767 million IPO in Hong Kong after a U.S. Treasury Department blacklisting. It was the second round of U.S. sanctions placed on the company, after it was accused in 2019 of developing facial recognition software targeting Uyghurs.
U.S. to blacklist Chinese AI company SenseTime ahead of IPO
The U.S. plans to blacklist SenseTime, the Chinese AI and facial recognition software developer, ahead of its Hong Kong IPO on December 10.
Chinese securities regulator responds to new SEC rules on listing in U.S.
The latest volley in the VIE ban back-and-forth came from the China Securities Regulatory Commission on December 5, which again denied reports that Beijing plans to ban IPOs in the U.S. with variable interest entity (VIE) structures. See earlier on SupChina: China to close loophole for foreign IPOs? and Did China take another step to financial decoupling with new VIE rules?
How Didi’s shocking-but-inevitable delisting happened, in six steps
In June, the ridesharing firm that ate Uber alive in China went public in the United States. Now China has decided to eat it alive. Didi’s delisting is no big surprise — but the risk of U.S.-China financial decoupling and a mass exodus of over 250 Chinese ADRs has never been greater.
China to close loophole for foreign IPOs?
A legal workaround that has allowed Chinese companies in restricted industries to raise capital abroad, primarily in the U.S., looks set to end.
China to Ban Variable Interest Entities Used by Tech Firms for Foreign IPOs
Another VIE crackdown report, another denial: After Bloomberg reported that China is “planning to ban companies from going public on foreign stock markets through variable interest entities,” the China Securities Regulatory Commission issued a swift denial (in Chinese). Caixin reports that Chinese regulators still intend to “support companies in choosing their listing locations,” but the rules might apply “differently based on their industrial sectors.” More context on SupChina in July: Did China take another step to financial decoupling with new VIE rules?
China asks Didi to delist from New York Stock Exchange
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Hong Kong Stock Exchange expedites approval process for IPOs
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BeiGene’s $31 Billion Shanghai Share Sale Wins Approval
Biopharmaceutical company BeiGene’s IPO on the Shanghai STAR Market was approved by security regulators. It will now set a date for its IPO and file a prospectus.
China EV Startup Hozon Said to Weigh $1 Billion Hong Kong IPO
Electric vehicle companies line up for Hong Kong IPOs: EV startups Hozon and WM Motor are each eyeing $1 billion Hong Kong IPOs as early as next year, along with Sequoia China-backed Leapmotor, despite oversaturation in the market, Bloomberg reports.
JD-backed retail startup KK Group files for IPO, committed to GenZ market
Retail unicorn KK Group filed for a Hong Kong IPO. Its youth-oriented stores compete with Miniso and Muji, selling an eclectic mix of cosmetics, toys, and household goods.
Chinese companies reconsider U.S. IPO, look to Hong Kong
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China-Focused Biotech LianBio Raises $325 Million in U.S. IPO
In a rare U.S. IPO by a Chinese company since Didi’s provoked Beijing’s ire in July, biotech firm LianTech raised $325 million — though its stock plunged 14% in its trading debut.
Editor’s note for Friday, October 29, 2021
A note for Access newsletter readers from Jeremy Goldkorn. Today: No sleep for China’s regulators; Netflix announces cast list for Three-Body Problem adaptation; Evergrande averts default, again; Boeing is expected to get green light for 737 Max in China in early 2022; Chinese investors lose money on record number of first-day trades, as Hong Kong loses spot in top three listing venues; U.S. Senate votes unanimously to prevent Huawei and ZTE from receiving new equipment licenses; the Cyberspace Administration of China issues more guidance on data security reviews.
Volvo IPO Prices Lower Than Expected Despite Ambitious EV Plans
The Swedish auto maker’s pricing highlights investors’ unwillingness to lend traditional car makers the valuations enjoyed by younger electric-vehicle companies.
字节又投了两家半导体公司：一家为造芯，一家指向元宇宙 | 猎云网
ByteDance news roundup: The good: the company is deepening investment in semiconductors. The bad: its IPO is likely delayed until late 2022, and in the meantime, one of its top investors wants to offload $500 million in shares.
ByteDance IPO likely delayed until late 2022, sources say
The Chinese owner of TikTok faces road blocks in its plan to go public as Beijing revises its data regulatory framework, sources told the South China Morning Post.
WSJ News Exclusive | Chinese Regulators Nudge Didi Toward Hong Kong Listing
China’s internet watchdog suggested ride-hailing giant Didi Global and two other U.S.-listed tech firms explore listings in Hong Kong, as Beijing wraps up cybersecurity investigations into the companies.
China’s biggest all-in-one medical service goes public
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市场消息：爱奇艺据悉考虑筹集5亿美元，最快今年底在港上市_实时热点_热点聚焦_36氪快讯_36氪
Streaming site iQiyi, a U.S.-listed subsidiary of Baidu, is pondering a second listing in Hong Kong, potentially to hedge against recent obstacles facing U.S.-listed Chinese companies.
South Korea Is Beating Hong Kong in IPO Proceeds This Quarter
South Korea’s market for initial public offerings has been on fire in the third quarter, with record proceeds that are set to surpass Hong Kong’s for the first time since 2017.
Blacklisted China AI Firm SenseTime Says One Unit Subject to US Sanction
SenseTime Group Inc., China’s largest artificial intelligence company, said in its filing for an initial public offering in Hong Kong that just one of its subsidiaries is subject to U.S. sanctions, a narrow interpretation of the blacklisting that could bolster its business.
Heytea Is Said to Pick UBS for $500 Million Hong Kong IPO
Heytea, the Chinese teahouse chain, has tapped UBS Group AG for its potential Hong Kong initial public offering as soon as next year, according to people familiar with the matter.
China’s Red New Deal: Tracking all the different crackdowns on companies going on right now
Updated October 26: The China Project’s tracker of all of China’s different crackdowns — now affecting 19 different industries or interest groups.
What the Didi fiasco reveals about China’s fealty to markets
The Chinese government’s recent moves to rein in Didi and whip the tech industry into line have been a decade in the making.
Didi drops 20% after IPO as Beijing tightens data security review
Chinese cybersecurity regulators launched investigations of three companies that had recently listed in the U.S., hinting at concerns that their data could fall into foreign hands. Beijing also said that it would “consolidate the information security responsibilities of overseas listed companies.”
Used electronics marketplace Aihuishou lists on NYSE
Second hand isn’t so cheap any more, at least not if you’re investing in Chinese platforms for trading in used goods of all kinds. Aihuishou, which focuses on connecting buyers and sellers of used mobile phones and computers, just IPO’d in New York giving the company a value of $3.5 billion.
Didi the Uber-slayer set for the world’s biggest initial public offering
Didi Chuxing, the home-grown car-hailing company that ate Uber alive in China, is planning what could be the world’s biggest ever share sale.
Chinese e-grocers Dingdong Maicai and Miss Fresh both file for U.S. IPO
Two competing companies that deliver fresh vegetables and other groceries to Chinese consumers announced on the same day that they would fundraise on American markets.
‘Smart’ social media app Soul files for an IPO in the U.S.
Soul is an AI-powered app that creates social circles for its users based on personality tests. It’s still tiny — only 6 million active daily users — but it’s backed by internet behemoth Tencent, and it’s about to raise a boatload of cash.
Huiyuan, China’s biggest fruit juice company, delisted
Huiyuan Juice, famous for its advertising slogan “Only with Huiyuan is it the real Lunar New Year,” won’t have a happy new year in 2021: The company was delisted from the Hong Kong Stock Market on January 18.
Tech companies prepare for jumbo IPO season in Hong Kong and Shanghai
Chinese tech companies are raring to go in 2021, with two companies aiming to IPO, and five planning secondary listings in China.
