IPO

New Business

Hong Kong listings remain muted as cautious issuers play wait-and-see, law firms say

Weak market sentiment and general economic uncertainty in mainland China continues to breed caution in Hong Kong’s capital market, causing…

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Tech

Chinese autonomous-driving firm WeRide seeks up to US$440 million in US IPO, placement

A group of investors agreed to buy US$320.5 million worth of ordinary shares via private placements, the filing shows. Alliance…

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New Business

Hong Kong IPO: China’s Black Sesame raises US$133 million in tough market conditions

Mainland Chinese car chip designer Black Sesame International Holding has become Hong Kong’s fifth-largest listing of the year after pricing…

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Tech

Chinese biotech sector is blowing hot as M&A and IPO deals surge amid Covid-19 pandemic

China’s biotechnology merger and acquisition (M&A) transactions have almost doubled this year, with interest perking up among investors amid a…

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Tech

Yifan Pharma’s unit, eyeing US$5.5 billion post-chemotherapy treatment market dominated by Amgen, considers IPO in 2021

Evive Biotech, a unit of Shenzhen-listed Yifan Pharmaceutical, aims to break the dominance of American drugs developer Amgen in the…

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Tech

Mergers afoot for China’s biotechnology industry as suppliers become attractive targets for Big Pharma

China’s fragmented outsourced drug discovery services market will see further consolidation as companies seek to grab market share amid a…

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Tech

Chinese wealth management unicorn Lufax on path to biggest US listing by Chinese issuer this year, targets US$2.4 billion IPO

Chinese wealth management unicorn Lufax Holding is selling American depositary shares (ADSs) in an initial public offering (IPO) on the…

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Tech

Ant Group prices Hong Kong leg of stock offering at HK$80 a share in the world’s largest initial public offering

Hangzhou-headquartered Ant’s coming out parade also illustrates China’s lead in digital finance. The number of monthly active users of Ant’s…

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New Business

Hong Kong paves way for UAE listings, recognising Dubai, Abu Dhabi stock exchanges

“This expansion demonstrates HKEX’s continuous efforts to support companies in one of the world’s fastest growing regions to tap Hong…

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Tech

Bilibili and Kuaishou’s Hong Kong listings will showcase the e-commerce prowess of China’s video-sharing giants

“We expect short-form video to become a key topic of discussion in the entertainment sector given the huge user base,…

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