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IPO News

SCE CM (00606.HK) Starts IPO Today with $4,646.35 Entry Fee
21/06/2021 10:06
SCE CM (00606.HK), a spin-off from CHINA SCE GROUP (01966.HK) -0.020 (-0.602%) Short selling $4.35M; Ratio 7.592% , began its IPO today and planned to offer 500 million shares globally, with 10% of them being Hong Kong offer shares, while the rest being international offer shares.
The offer prices range $3.7-$4.6 and the entry fee is approximately $4,646.35 per board lot size of 1,000 shares.
The IPO will last from today (21st) to this Thursday (24th) and the company is expected to begin to be listed on 2 July.
Source: AAStock

CKH's HUTCHMED (00013.HK) Int'l Placing Fully Subscribed: Report
21/06/2021 09:33
CKH HOLDINGS (00001.HK) -0.850 (-1.426%) Short selling $22.27M; Ratio 6.148% 's HUTCHMED (00013.HK) (HCM.US) +0.840 (+2.962%) was fully subscribed in its international placing, revealed IFR. HUTCHMED may consider listing on the Sci-tech Innovation Board of Shanghai Stock Exchange following its Hong Kong floating.
Source: AAStock

UCO Said to Start Pre-marketing to Evaluate HK IPO Demand
21/06/2021 09:23
China's cosmetics e-commerce platform UCO is currently in the process of the pre-marketing activity, which is scheduled to last until 29th, evaluating investors' demand for Hong Kong IPO, reported foreign media.
UCO, previously suggested by sources, has attended its listing hearing last week and is aiming to raise approximately USD400-600 million.
AAStocks Financial News
Source: AAStock

Nayuki (02150.HK) IPO Over-subscribed by 142x, HUTCHMED (00013.HK) Under-subscribed
18/06/2021 18:08
On the first day of public offering, Nayuki (02150.HK) was over-subscribed by more than 142 times based on the fundraising amount of $509 million from the public offering.
HUTCHMED (00013.HK) (HCM.US) +0.240 (+0.853%) , on its first day of public offering as well, recorded only 47.3% subscription based on the public fundraising amount of $585 million.
Source: AAStock

CARSGEN-B (02171.HK) Closes at $30, Down 8.5% vs Listing Price
18/06/2021 16:09
On debut, CARSGEN-B (02171.HK) -2.800 (-8.537%) closed at $30, down $2.8 or 8.5% against the listing price of $32.8, on volume of 54.39 million shares and turnover of $1.6 billion. Excluding the handling fees, a book loss of $1,400 was reported per board lot of 500 shares.
Source: AAStock

Huitongda Files for IPO; BABA-SW as 2nd-biggest Shareholder
18/06/2021 16:02
Huitongda Network has filed for listing with the Stock Exchange, expecting to raise US$1 billion according to earlier rumors.
Having invested in Huitongda in 2018, BABA-SW (09988.HK) +3.200 (+1.570%) Short selling $366.36M; Ratio 28.053% is now the second-biggest shareholder of Huitongda.
Source: AAStock

Biel Crystal Manufactory Mulls Raising Up to US$2B in HK IPO: Report
18/06/2021 14:06
Biel Crystal Manufactory, a supplier to Apple and a touch screen maker, plans to go public in Hong Kong and raise US$1-2 billion, Bloomberg citing insiders.
Biel is expected to file for an IPO very soon, having tapped CICC, HSBC and JPMorgan for the offering.
AAStocks Financial News
Source: AAStock

Deloitte: HK 1H21 IPO Fundraising Size Ranked 3rd Globally, +138% YoY to $209.7B
18/06/2021 12:54
Deloitte China published the IPO review and outlook report for the first half of 2021. In terms of IPO fundraising, Hong Kong was ranked third globally with a fundraising size of around $209.7 billion in the quarter, up 138% year-on-year.
Such figure was preceded by about $356.6 billion for Nasdaq and roughly $219.1 billion for New York Stock Exchange.
AAStocks Financial News
Source: AAStock

SCE CM Rumored to Start IPO Next Week, Estimated to Raise USD300M
18/06/2021 11:27
SCE Intelligent Commercial Management, as a proposed spin-off from CHINA SCE GROUP (01966.HK) -0.030 (-0.906%) Short selling $2.58M; Ratio 6.906% , is expected to start its IPO next week at the earliest and has already secured 4 cornerstone investors preliminarily, reported market sources.
SCE CM's IPO is expected to raise approximately USD300 million (approximately HKD2.34 billion).
Source: AAStock

Tencent-backed Soulgate To Raise US$198M in US IPO
18/06/2021 10:06
Soulgate, a Chinese social networking app backed by TENCENT (00700.HK) +6.000 (+1.002%) Short selling $748.37M; Ratio 9.140% , will go public in the U.S. to raise around US$198 million by offering 13.2 million ADSs at US$13-15 apiece, IFR reported.
Source: AAStock

YOURAN DAIRY (09858.HK) Opens Down 10% to $6.28
18/06/2021 09:22
YOURAN DAIRY (09858.HK) -0.700 (-10.029%) , on debut, opened at $6.28, down 10% against the listing price of $6.98, on volume of 38.79 million shares in pre-market orders.
Source: AAStock

CARSGEN-B (02171.HK) Opens Low at $27.05, Down 17.5%
18/06/2021 09:21
CARSGEN-B (02171.HK) -5.750 (-17.530%) opened high at $39 in the gray market only to drop back and close at $27.55 in lack of support, 16% down against its listing price.
The stock opened at $27.05 on its first listing day, 17.5% down against its listing price of $32.8, on a volume of 15.91 million shares in pre-market order.
Source: AAStock

HUTCHMED (00013.HK) IPO Today; Entry Fee $22,727
18/06/2021 08:36
HUTCHMED (00013.HK)(HCM.US) +0.240 (+0.853%) , a biopharmaceutical company under CKH HOLDINGS (00001.HK) +0.100 (+0.169%) Short selling $59.66M; Ratio 16.574% , announced the details on public offering. It planned to offer 104 million shares at $45 per share at maximum.
Entry fee is $22,726.74 per board lot size of 500 shares. The public offering starts from today (18 June) to next Wednesday (23 June). The listing is expected on 30 June. Morgan Stanley, Jefferies and CICC are the joint sponsors.
This IPO introduces five cornerstone investors, including CA Fern Parent, CPP Investments and HBM Healthcare Investments.
Source: AAStock

Nayuki (02150.HK) CEO: Confident of Opening 650 New Shops This, Next Yr
17/06/2021 17:51
Nayuki (02150.HK) intends to broaden its outlet network in the coming three years by utilizing approximately 70% IPO proceeds, with an aim to open about 300 and 350 teahouses respectively in ordinary tier-1 and new tier-1 cities in China this and next year.
Chairman and CEO Lin Zhao was confident of achieving the goal, saying the company is capable of opening more shops.
Source: AAStock

Kakao Bank Gains Approval, Expects to Be Listed This Yr to Raise USD2-3B
17/06/2021 17:05
Kakao Bank, the largest digital bank in South Korea, has been granted the approval for listing on the local stock market, expecting to be listed within this year and raise up to USD2-3 billion, reported IFR under Reuters.
The communication software operator Kakao, as the substantial shareholder of the company, holds approximately 33.5% of the company's shares, with Kakao Pay and Kakao Page under its group also gearing up to be listed in this year or early 2022.
AAStocks Financial News
Source: AAStock

Nayuki (02150.HK) IPO Tmr; Entry Fee Nearly $10,000
17/06/2021 16:58
Nayuki (02150.HK) announced that more than 257 million shares will be issued globally, roughly 10% of which are public offerings for Hong Kong. It will commence IPO from tomorrow (18 June) to next Wednesday (23 June), expecting to go public on 30 June.
Entry fee will be around $9,999.76 per board lot size of 500 shares.
Based on the median ($18.5), the net proceeds will approximate $4.521 billion.
Source: AAStock

SenseTime Said to File for HK IPO in Aug Soonest for A+H Shr Listing
17/06/2021 16:47
Chinese media reported the new progress in SenseTime's A+H share dual listing plan. The AI company will make IPO filings with HKEX (00388.HK) -1.000 (-0.216%) Short selling $295.41M; Ratio 22.979% as soon as in August, having engaged CICC as its sponsor.
Source: AAStock

Ant May Go Public by End-2021, Yet Faces 60% Valuation Slide: Report
17/06/2021 14:02
Ant Group will likely go public by end-2021, although its valuation could slip by 60% to US$120 billion given easing revenue growth, Bloomberg citing a report from Sanford C. Bernstein & Co.
Ant may have to support credit growth by injecting RMB30-40 billion of funds to its new consumer finance segment, the analysts projected.
AAStocks Financial News
Source: AAStock

Kindstar Globalgene Said to Start Pre-roadshow, Likely Raising US$400M
17/06/2021 09:48
Having cleared listing hearing, Kindstar Globalgene Technology is conducting a pre-roadshow until next Wednesday and expecting to raise around US$300-400 million.
AAStocks Financial News
Source: AAStock

Nayuki Rumored to Start IPO Tmr to Raise Max. USD700M
17/06/2021 09:38
Nayuki, leading teahouse chain in China, will start its IPO tomorrow (18th), expecting to raise up to USD600-700 million, higher than the USD400-500 million suggested by previous rumors, reported IFR, citing people familiar with the matter.
AAStocks Financial News
Source: AAStock

YUEXIU SERVICES (06626.HK) Reported to Record Sufficient Subscriptions for Intl. Offer
17/06/2021 09:34
YUEXIU SERVICES (06626.HK), separately listed from YUEXIU PROPERTY (00123.HK), has recorded sufficient subscriptions for the international offer section of its IPO, reported IFR under Reuters.
YUEXIU SERVICES started its IPO yesterday (16th), issuing over 369 million shares, with 10% of them being Hong Kong offer and 90% being international offer. The amount being raised is estimated to be a maximum of $2.41 billion. The company is expected to be listed on 28th.
Source: AAStock

Biopharma Abbisko Cayman Files for IPO, Backed by Temasek, GIC
17/06/2021 09:29
Abbisko Cayman has filed for listing on the Main Board of the Stock Exchange, with Morgan Stanley and JPMorgan as its joint sponsors.
The clinical-stage biopharma has quite a lot of renowned investors, including Lilly Asia Ventures, BlackRock, Warburg Pincus, GIC, CICC (03908.HK) +0.200 (+0.973%) Short selling $9.24M; Ratio 14.607% , Qiming Venture Partners, Sinopharm Capital and Temasek.
Source: AAStock

Richard Li's FWD Files for US Listing: Wire
17/06/2021 08:57
Richard Li's FWD has lodged an application for listing in the US, yet without specifications on the scale and timetable of the issuance, foreign media reported.
The insurer has been mulling a flotation as soon as the third quarter, pooling approximately US$3 billion, with a valuation on the company exceeding US$15 billion, as Bloomberg had previously reported.
AAStocks Financial News
Source: AAStock

CSRC Receives SF Holding's Materials for Proposed Spin-off Listing of Tongcheng Industry
17/06/2021 08:53
China Securities Regulatory Commission (CSRC) has received the materials in regards of SF Holding (002352.SZ) -1.03 (-1.514%) 's proposed ring-fence of Tongcheng Industry (literal translation of 同城實業) for listing in Hong Kong, the CSRC's website indicated.
Source: AAStock

CARSGEN-B (02171.HK) Public Offering Over-subscribed by Over 433x; One-lot Success 5%
17/06/2021 08:46
CARSGEN-B (02171.HK) announced the results for public offering. The offering price was set at $32.8, being the upper limit of the offer price range $29.6-32.8. The public offering was over-subscribed by 433.57 times.
One-lot (500 shares) success rate was 5%. The share was expected to be listed tomorrow (18 June).
Source: AAStock

YOURAN DAIRY (09858.HK) Priced at Low End $6.98, One-lot Success Rate 80%
17/06/2021 08:32
YOURAN DAIRY (09858.HK), to be listed tomorrow (18th), was over-subscribed by 2.73 times in the public offering. The stock was priced at $6.98, the lower limit of the offer price range $6.98-8.66.
One-lot (1,000 shares) success rate was 80%.
Source: AAStock

Botanee (300957.SZ) Approves to Seek HK Listing
16/06/2021 18:01
Botanee (300957.SZ) -4.18 (-1.699%) 's board of directors approved the issuance of H shares for listing in Hong Kong.
Source: AAStock

SF Holding Mulls Spinning Off Tongcheng Industry for HK Listing
16/06/2021 17:16
SF Holding (002352.SZ) -1.49 (-2.144%) announces that, in order to expand the Company's diversified financing channels and build a Tongcheng Industry international fund operating platform, the Company intends to spin off its holding subsidiary, Tongcheng Industry (同城實業), for listing on HKEX (00388.HK) -0.800 (-0.172%) Short selling $313.19M; Ratio 20.233% 's Main Board.
Source: AAStock

CG Services-backed Changcheng Property Group Files for Main Board Listing
16/06/2021 16:42
Chinese property manager Changcheng Property Group filed for a Main Board listing.
CG SERVICES (06098.HK) -1.650 (-2.094%) Short selling $43.80M; Ratio 13.712% bought into Changcheng Property's shares at RMB540 million in April 2021, holding around 15.28% of the latter before its listing.
Source: AAStock

ANGELALIGN (06699.HK) Closes at $401, Up 1.3x vs Listing Price; $45,600 Gain per Lot
16/06/2021 16:17
ANGELALIGN (06699.HK) +228.000 (+131.792%) closed at $401 on its first day of listing, up 1.3x against its listing price of $173, on a volume of 14.86 million shares. The total amount involved was calculated to be $5.878 billion.
Excluding the transaction fee, earning per lot was calculated to be $45,600.
Source: AAStock

Sanxun Holdings Purportedly Seeking HK Listing Greenlight This Week
16/06/2021 15:49
Sanxun Holdings is in pursuit of listing approval at the Stock Exchange this week, raising up to US$100 million, Reuters' IFR cited people with the knowledge of the matter. If the approval is obtained, a roadshow will be conducted next week.
AAStocks Financial News
Source: AAStock

Wanda Mulls Splitting Commercial Property Manager for Around $3B HK IPO in 2021 Soonest: Rumor
16/06/2021 13:48
Wanda Group intends to spin off its commercial property management unit, Wanda Light Asset, for listing in Hong Kong to raise around $3 billion, Bloomberg citing people familiar with the matter.
The company is working with CITIC Securities, Goldman Sachs, JPMorgan, etc. and expecting the IPO to take place as soon as this year.
AAStocks Financial News
Source: AAStock

PUBG Developer Krafton Mulls Raising Up to KRW5.6T in Likely Biggest S. Korean IPO
16/06/2021 12:21
PUBG's developer Krafton plans to list in South Korea to raise as much as KRW5.6 trillion (equivalent to US$5 billion), likely being the country's biggest-ever IPO, Bloomberg reported.
Krafton will issue over 10 million shares at KRW458,000-557,000 apiece, implying a maximum valuation of KRW28 trillion. The gaming firm plans to fix its offer price on July 9 and go public on July 22.
AAStocks Financial News
Source: AAStock

ANGELALIGN (06699.HK) Ends Midday at $416.2, Up 1.4x vs Listing Price
16/06/2021 12:02
ANGELALIGN (06699.HK) +243.200 (+140.578%) settled the midday at $416.2, up 1.4 times against the listing price of $173, on volume of 13.45 million shares and turnover of $5.304 billion.
Source: AAStock

eBeauty Holdings, Brii Biosciences Pursuing HK Listing Approval This Week, Roadshow May Start Next Week
16/06/2021 11:32
Both eBeauty Holdings and Brii Biosciences are pursuing listing approval in Hong Kong this week, Reuters' IFR reported. While eBeauty Holdings plans to raise US$400-600 million, Brii Biosciences intends to lure US$300-400 million. If their listings were greenlighted, they may start roadshow next week, report said.
eBeauty Holdings is China's largest beauty e-commerce service provider, and Brii Biosciences is a biotechnology company focusing on public health diseases represented by infectious diseases, according to their prospectuses.
AAStocks Financial News
Source: AAStock

Shanghai Bio-heart Starts Pre-roadshow Today to Raise US$200-300M: Rumor
16/06/2021 10:46
Shanghai Bio-heart has launched pre-roadshow today, having prepared to raise US$200-300 million in an Hong Kong IPO as reported by IFR.
The company is principally engaged in producing medical devices for the treatment of vascular diseases and hypertension.
AAStocks Financial News
Source: AAStock

YUEXIU SERVICES (06626.HK) Hopes to Raise Biz Property Mgmt Revenue to 40%
16/06/2021 09:51
As YUEXIU SERVICES (06626.HK) starts its IPO today, Lin Feng, Chairman of the company, expressed that the company's goal is to lift revenue percentage of business property management from approximately 31% at the moment to 40% in the coming 3-5 years.
Lin stated that the business property management of the company at the moment amounts to approximately 2.8 million square meters, while its parent company YUEXIU PROPERTY (00123.HK)(02934.HK) -0.270 (-3.000%) Short selling $404.99K; Ratio 1.065% is developing a business area of over 3.5 million square meters.
Source: AAStock

Full Truck Alliance's US IPO Valuation May Excel US$20B
16/06/2021 09:31
China's Full Truck Alliance unveiled details of its U.S. listing, set to issue 82.5 million American Depositary Shares (ADS) at US$17-19 each.
The company, styling itself as Uber for trucks, aims for a valuation of more than US$20 billion in the IPO.
AAStocks Financial News
Source: AAStock

ANGELALIGN (06699.HK) Opens High by 1.3x to $400
16/06/2021 09:21
ANGELALIGN (06699.HK) +208.800 (+120.694%) opened at $330 in gray market, up almost 91%, and closed at $368.6.
The stock opened high on debut at $400, up 1.3x against its listing price of $173, on a volume of 5.01 million shares in pre-market orders.
Source: AAStock

ANGELALIGN (06699.HK) Closes at $368.6 in Gray Market; Book Gain $39K/ Shr
15/06/2021 18:32
ANGELALIGN (06699.HK) +247.600 (+143.121%) , to be listed tomorrow, closed at $368.6 in gray market, up 113.1% against the listing price of $173, on volume of 2.39 million shares and turnover of $825 million, PhillipMart data showed. Excluding handling fee, the book gain was $39,120 per board lot size of 200 shares.
Source: AAStock

New Media Lab Submits HK Listing Application
15/06/2021 18:11
New Media Lab submitted a listing application at the Stock Exchange. As revealed by the application materials, the group runs nine media brands, including Weekend Weekly, Economic Digest, More, GOtrip and Sunday Kiss.
Albert Yeung, Chairman of Emperor Group, is currently holding 70% stake in New Media Lab.
AAStocks Financial News
Source: AAStock

YUEXIU SERVICES (06626.HK) IPO Tmr, Woos 10 Cornerstone Investors with Over $770M
15/06/2021 17:58
YUEXIU SERVICES (06626.HK), a ring-fence of YUEXIU PROPERTY (00123.HK), announced that it planned to issue over 369 million shares at $4.88-6.52 each, raising up to $2.41 billion.
The IPO of YUEXIU SERVICES will start from tomorrow through next Monday (16-21 June). The listing will be on 28 June. Entry fee is approximately $3,292.85 per board lot size of 500 shares. The offering introduces ten cornerstone investors, including KINGDEE INT'L (00268.HK) +0.550 (+1.961%) Short selling $43.19M; Ratio 17.109% 's Crotona Asset and SenseTime.
Source: AAStock

ANGELALIGN (06699.HK) Opens at $330 in Gray Market, Up Nearly 91% vs Listing Price
15/06/2021 16:16
ANGELALIGN (06699.HK), whose shares will be listed tomorrow, opened at $330 in gray market, up nearly 91% against the listing price of $173, and last stood at $332, up 92% against the listing price, on volume of 310,000 shares, PhillipMart data showed.
Source: AAStock

Ling Yue Services' Listing Hearing Slated for This Week, Aims to Raise US$100M: Rumor
15/06/2021 14:35
Ling Yue Services Group seeks to conduct a Stock Exchange listing hearing this week, expecting to kick off a pre-marketing as soon as next week to raise up to US$100 million, IFR citing sources.
AAStocks Financial News
Source: AAStock

YUEXIU SERVICES IPO Prices Reported to Be $4.88-$6.52; Attracting 10 Cornerstone Investors
15/06/2021 13:11
Proposed to be separately listed from YUEXIU PROPERTY (00123.HK), YUEXIU SERVICES GROUP LIMITED had its Hong Kong IPO planned to issue 369.7 million shares at prices ranging from $4.88-$6.52, reported Bloomberg News, citing documents.
10 cornerstone investors have already subscribed approximately $777 million worth of the IPO shares.
Source: AAStock

Zylox-Tonbridge Medical, Chaoju Eye Care Start Pre-roadshow: Report
15/06/2021 10:28
Zylox-Tonbridge Medical has launched pre-roadshow, expecting to raise around US$300-400 million as reported by IFR.
Equally, Chaoju Eye Care is said to be conducting pre-roadshow until 23 June, aiming to raise up to US$300 million.
AAStocks Financial News
Source: AAStock

MORIMATSU INTL (02155.HK) Starts IPO with $2,505 Entry Fee
15/06/2021 10:05
MORIMATSU INTL (02155.HK)'s offer prices range $2.2-$2.48. Entry fee is $2,504.99 with a board lot size of 1,000 shares.
MORIMATSU INTL's IPO will begin today (15th) and end this Friday (18th). The Company is expected to go public on 28th.
Source: AAStock

ANGELALIGN (06699.HK) Public Offering Over-subscribed by Over 2,078x; One-lot Success 1.5%
15/06/2021 08:26
ANGELALIGN (06699.HK) announced the results for public offering. The offering price was set at $173, being the upper limit of the offer price range $147-173. The public offering was over-subscribed by 2,078.16 times. One-lot (200 shares) success rate was only 1.5%. The net proceeds from the offering were expected to be approximately $2.722 billion. The share was expected to be listed tomorrow (16 June).
Source: AAStock

Chaoju Eye Care Purportedly Advances HK Listing Hearing
11/06/2021 14:17
Chaoju Eye Care, an eye medical services group in China, has advanced the listing hearing in Hong Kong, and is assumed to carry out pre-roadshow as soon as next Tuesday, with a target to raise a maximum of US$300 million, Reuters' IFR cited sources.
AAStocks Financial News
Source: AAStock

YOURAN DAIRY (09858.HK) To be Priced at Lower End: Report
11/06/2021 09:08
YOURAN DAIRY (09858.HK) will price its shares at 6.98 each, the lower limit of the offer price range $6.98-8.66, IFR citing sources. The company expects to raise around $4.99 billion and go public on 18 June.
Source: AAStock

CARSGEN-B (02171.HK) Priced at Top End: Rumor
10/06/2021 14:30
CARSGEN-B (02171.HK) plans to price its shares at $32.8 each, the upper limit of the offer price range $29.6-32.8, IFR citing sources. The Chinese biopharma company expects to raise around $3.1 billion.
Source: AAStock

Quanyuantang Pharmacy Lodges HK Listing Application, Purportedly Captures US$300M
10/06/2021 11:18
Quanyuantang Pharmacy had earlier lodged an application at the Stock Exchange for listing on the Main Board with the joint sponsors being Citigroup and Haitong International.
The smart retail pharmacy in China targets to raise approximately US$200-300 million, as foreign media cited sources.
SINO BIOPHARM (01177.HK) -0.040 (-0.471%) Short selling $67.18M; Ratio 20.425% is a shareholder of the Pharmacy, holding almost 33.4% stake of the latter pre-listing through the subsidiaries.
Source: AAStock

Biopharma BioShin Mulls Raising US$200-300M in HK IPO This Yr: Rumor
10/06/2021 11:00
BioShin Limited, the Asia-Pacific wing of Biohaven Pharmaceutical Holding Company Ltd (BHVN.US) +2.300 (+2.412%) , is planning to go public in Hong Kong as soon as this year, IFR citing sources. The biopharma aims to raise around US$200-300 million.
Source: AAStock

ANGELALIGN (06699.HK) Public Offering Over-subscribed by About 2,000x: Rumor
10/06/2021 09:31
ANGELALIGN (06699.HK) was over-subscribed by roughly 2,000 times in the public offering, being the second-most subscribed IPO stock following NH HEALTH-B (06606.HK) +3.800 (+4.626%) this year, according to market sources. Its frozen capital will likely amount to about $580 billion.
Source: AAStock

ANGELALIGN (06699.HK) Sets IPO Shr Price at $173: Rumor
09/06/2021 09:33
ANGELALIGN (06699.HK) set the share price for its IPO at $173 per share, being the upper limit of the offer price range ($147-173), foreign media reported.
The public subscription for the stock was closed yesterday. Market rumored that there were over 700,000 subscribers, with listing expected on 16 June.
Source: AAStock

CN Medicine Clinic Chain Gushengtang Plans HK IPO This Yr, Wooing US$300-400M: Wire
08/06/2021 17:58
Gushengtang, a Chinese medicine clinic chain in Mainland, weighs HK IPO this year to woo US$300-400 million, Reuters' IFR reported.
The company's shareholders include PING AN (02318.HK) -0.150 (-0.184%) Short selling $281.76M; Ratio 19.144% , CHINA LIFE (02628.HK) +0.040 (+0.252%) Short selling $10.32M; Ratio 1.968% and Eight Roads. The company operates 34 clinics in Beijing, Guangzhou, Shenzhen, Foshan, and more.
Source: AAStock

YOURAN DAIRY (09858.HK) Int'l Offer Said to Record Sufficient Subscription
08/06/2021 17:31
YOURAN DAIRY (09858.HK) has already secured sufficient subscription for its international offer section, IFR citing people familiar with the matter.
The company plans to start IPO from Monday (7th) until Thursday (10th), likely going public on 18th. Entry fee is about $8,747.26 with a board lot size of 1,000 shares.
Source: AAStock

CTG DUTY-FREE Said to Raise $78B in HK Listing This Yr Soonest
08/06/2021 11:35
CTG DUTY-FREE (601888.SH) +1.27 (+0.401%) has filed an overseas listing application with CSRC, while working with CICC to go public in Hong Kong as soon as this year, IFR citing sources.
The company aims to raise around $54.6-78 billion, hopefully overtaking KUAISHOU-W (01024.HK) -3.000 (-1.451%) Short selling $303.28M; Ratio 26.166% to top the fundraising chart this year.
Source: AAStock

Chaoju Eye Care Reported to Seek HK IPO Hearing This Week, Expecting to Raise USD300M
08/06/2021 10:23
China's ophthalmic medical service group Chaoju Eye Care is seeking listing approval from HKEX this week, and preparing pre-marketing works so as to grasp the mood of the investors, Reuters' IFR cited sources. The IPO is predicted to raise as much as USD300 million.
AAStocks Financial News
Source: AAStock

ANGELALIGN (06699.HK) Margin Subscription Grows to $242.5B, Over-subscribed by 832x
08/06/2021 09:24
China's invisible orthodontic technology solution-provider ANGELALIGN (06699.HK)'s IPO is drawing to an end as local brokers recorded a margin subscription of almost $242.56 billion by around 6pm yesterday (7th).
With its public offering section raising $291 million, the IPO was over-subscribed by about 832x.
Source: AAStock

DiDi Forgoes HK IPO, To List in US This Yr: CN Sources
07/06/2021 14:22
DiDi has forgone its Hong Kong IPO plan, Chinese media citing WeChat rumors. Instead, it has chosen to go public in the U.S. as soon as 3Q21, or no later than 2021. Despite prior preparations, the Chinese ride-hailing giant eventually preferred the U.S. to Hong Kong given valuation and other factors.
AAStocks Financial News
Source: AAStock

YOURAN DAIRY (09858.HK) Starts IPO with $8,747 Entry Fee
07/06/2021 11:10
YOURAN DAIRY (09858.HK) announced the details for its IPO, offering over 715 million shares, with 10% (71.544 million shares) being the Hong Kong public offering section and 90% (around 643 million shares) being the international offering section, at offer prices ranging HKD6.98-HKD8.66, expected to raise nearly $6.2 billion at most.
YOURAN DAIRY's IPO will begin today (7th) and end this Thursday (10th). Entry fee is about $8,747.26 with a board lot size of 1,000 shares.
The price is expected to be determined on 10 June. The listing in the shares of the company is expected to commence on 18 June.
Source: AAStock

ANGELALIGN (06699.HK) Intl Offer Reported to Close Early
07/06/2021 10:37
ANGELALIGN (06699.HK) informed its investors that its international offer section will cut off subscription one day earlier by around 5pm today (7th), reported IFR, citing people familiar with the matter.
ANGELALIGN's IPO will end tomorrow (8th) and the company is expected to begin to be listed on 16th. It is rumored that its international offer section has already recorded sufficient subscription during the first hour on the first day of its IPO.
Source: AAStock

Nayuki Said to Launch Pre-Marketing, Mull Raising US$500M
07/06/2021 09:18
Nayuki has cleared its listing hearing, according to HKEX's data. The Chinese bubble tea chain is to launch pre-marketing today, aiming to raise around US$500 million in funds as IFR cited insiders.
AAStocks Financial News
Source: AAStock

CARsgen Therapeutics (02171.HK) IPO from Next Mon, Introducing 9 Cornerstone Investors Incl. LAV
04/06/2021 17:54
CARsgen Therapeutics (02171.HK), a Chinese biopharmaceutical company, announced details of public offering. Planning to issue 94.747 million shares with 10% being local offer, the company set the offer price at $29.6-32.8 per share, raising approximately $3.107 billion at most. Entry fee is approximately $16,565.26 per board lot size of 500 shares.
The public offering will start from next Monday (7th) through next Thursday (10th). The listing is expected on 18 June, and introduces nine cornerstone investors, including CloudAlpha, Dymon Asia and Lilly Asia Ventures.
Source: AAStock

ANGELALIGN (06699.HK) Tracks Over $220.1B Margin on IPO 2nd Day, Over-subscribed by 755x
04/06/2021 17:52
ANGELALIGN (06699.HK), on the second day of IPO, reported over $220.13 billion of margin subscription as at around 6 pm. Based on the public fundraising amount of $291 million, the IPO was over-subscribed by more than 755 times.
Source: AAStock

SCE CM Purportedly Advances HK Listing Hearing, Likely Raising US$300M
04/06/2021 09:55
SCE CM, a property management unit under CHINA SCE GROUP (01966.HK) -0.020 (-0.557%) Short selling $2.83M; Ratio 9.515% , has passed the listing hearing of the Stock Exchange with an expected target of raising US$300 million, Reuters' IFR reported.
The preliminary prospectus showed that as of September 30, 2020, SCE CM has 90 commercial and residential projects under management, with a total construction area under management of approximately 14.5 million square meters.
Source: AAStock

ANGELALIGN (06699.HK) Tracks Nearly $198.5B Margin on IPO Debut, Over-subscribed by 681x
04/06/2021 09:20
ANGELALIGN (06699.HK), on IPO debut yesterday, reported almost $198.5 billion of margin subscription according to media reports. Based on the public fundraising amount of $291 million, the IPO was over-subscribed by more than 681 times.
Source: AAStock

ANGELALIGN (06699.HK) Tracks $178.8B Margin on IPO Debut, Over-subscribed by 613x
03/06/2021 17:58
ANGELALIGN (06699.HK), on IPO debut, reported over $178.8 billion of margin subscription as at around 6 pm. Based on the public fundraising amount of $291 million, the IPO was over-subscribed by more than 613 times.
Source: AAStock

Angelalign Technology IPO Over-subscribed by Approx. 378x with Over $110.5B Margin Subscription in 1st Day
03/06/2021 14:52
China's invisible orthodontic technology solution-provider Angelalign Technology (06699.HK) starts its IPO today and has already recorded over $110.5 billion margin subscription by 2:30 pm. With its public offering raising $291 million, the IPO is over-subscribed by about 378.7x.
Angelalign Technology's IPO will last until next Tuesday (8th). Entry fee reaches $34,948.66 with a board lot size of 200 shares.
Source: AAStock

CN New Retail Group KK Guan: No Disclosure for Rumored HK Listing
03/06/2021 11:46
KK Guan is pondering listing in Hong Kong with a preliminary plan to raise US$500 million, Chinese media cited people with the knowledge of the matter. Expected to lodge the application as brisk as this year, the company has tapped Credit Suisse and Morgan Stanley as the responsible banks for listing.
In response, KK Group said they have no disclosure about the related rumor.
KK Group was founded in 2015, mainly engaging in online and offline retail brand collection stores, as revealed by its official website. It has so far amassed over RMB2 billion financing, having introduced Shenzhen Capital Group, eWTP Technology & Innovation Fund co-powered by BABA-SW (09988.HK) -2.200 (-1.026%) Short selling $2.48B; Ratio 36.699% and Ant Group.
Source: AAStock

Angelalign Technology (06699.HK) IPO Intl Offer Reported to Record Sufficient Subscription in 1st Hr
03/06/2021 09:53
China's invisible orthodontic technology solution-provider Angelalign Technology (06699.HK) starts its IPO from today (3rd) to next Tuesday (8th), with its international offer section already secured sufficient subscription in the first hour, reported IFR under Reuters.
Angelalign Technology plans to issue 16.8296 million shares in total, with 10% of it being public offer in Hong Kong and 90% being international offer. Entry fee reaches $34,948.66 with a board lot size of 200 shares.
Source: AAStock

Angelalign Technology (06699.HK) IPO Tmr; Entry Fee About $34,948
02/06/2021 17:23
Angelalign Technology (06699.HK) announced its listing plan in Hong Kong. It will commence IPO from tomorrow (3 June) to next Tuesday (8 June). A total of 16.8296 million shares are issued globally, 10% of which are public offerings for Hong Kong.
The IPO has offer price of $147-173 per share, expected to raise approximately $2.91 billion. Entry fee is $34,948.66 per board lot size of 200 shares. The listing is projected on 16 June.
Source: AAStock

GogoX Said to Raise Up to US$50M in Pre-IPO Financing, May File for HK IPO Afterwards
02/06/2021 15:28
Hong Kong unicorn GogoX is planning to raise up to US$50 million in a pre-IPO funding round, IFR citing insiders.
The startup plans to file for listing at the Stock Exchange after pre-IPO financing, expecting to raise US$400-500 million.
AAStocks Financial News
Source: AAStock

MicroPort MedBot Said to List in HK, Raise Up to US$1B
02/06/2021 14:00
MICROPORT (00853.HK) -5.450 (-7.780%) Short selling $421.97M; Ratio 42.437% 's MicroPort MedBot is planning for a Hong Kong IPO this year to raise around US$700 million to US$1 billion, IFR citing sources.
MicroPort MedBot may file for listing as soon as this month, another source said.
Source: AAStock

MICROPORT (00853.HK)'s MicroPort MedBot Said to List in HK, Raise Up to US$1B
02/06/2021 14:00
MICROPORT (00853.HK) -5.950 (-8.494%) Short selling $421.97M; Ratio 42.437% 's MicroPort MedBot is planning for a Hong Kong IPO this year to raise around US$700 million to US$1 billion, IFR citing sources.
MicroPort MedBot may file for listing as soon as this month, another source said.
Source: AAStock

BABA-SW's Huitongda Files for Overseas Listing, Purportedly Wooing US$1B
01/06/2021 11:24
Huitongda has lodged an application for overseas IPO, as China Securities Regulatory Commission (CSRC)'s data showed. According to Huitongda's listing guidance filing as announced by CR Securities earlier, Chairman Wang Jianguo is the substantial shareholder with an almost 30.27% shareholding in Huitongda, whereas BABA-SW (09988.HK) +6.800 (+3.223%) Short selling $819.81M; Ratio 18.037% is the second substantial shareholder with a 19.08% stake.
Huitongda will submit the application for listing at the Hong Kong Stock Exchange in June, expecting to raise US$1 billion, as foreign media reported.
Source: AAStock

NeuSoft Said to Split Neusoft Medical, Neusoft Xikang for HK Listing, Aims to Raise US$600-800M
01/06/2021 11:10
NeuSoft (600718.SH) -0.04 (-0.426%) plans to spin off Neusoft Medical and Neusoft Xikang for Hong Kong listings this year, likely raising US$600-800 million in aggregate, IFR citing sources. Both firms have filed for listing on the Stock Exchange on Monday.
Source: AAStock

Nayuki Seeks to Clear HKEX Listing Hearing This Thu: Report
01/06/2021 09:13
Nayuki seeks to clear the listing hearing on the Stock Exchange this Thursday, planning to raise US$500 million (against purported range of around US$500-600 million), reported IFR.
The Chinese bubble tea chain will start roadshow next week should the IPO be approved.
AAStocks Financial News
Source: AAStock

SF Holding Spins Off Tongcheng industry for HK Listing
29/05/2021 10:51
SF Holding announced to spin off its instant delivery service, Tongcheng industry (同城實業), for listing on the Main Board in Hong Kong and offering no more than 20% of its total share capital as enlarged immediately following the IPO.
AAStocks Financial News
Source: AAStock

JD LOGISTICS (02618.HK) Settles at $41.7, Up 3.3% vs Listing Price
28/05/2021 16:09
JD LOGISTICS (02618.HK) +1.340 (+3.320%) , on debut, settled the trade at $41.7, up $1.34 or 3.3% against the listing price of $40.36, on volume of 158 million shares and turnover of $7.167 billion. Excluding handling fee, the book gain was $134 per board lot size of 100 shares.
Source: AAStock

JD LOGISTICS (02618.HK) Closes at $44.7 Midday, Up Nearly 11% vs Listing Price
28/05/2021 12:03
On debut, JD LOGISTICS (02618.HK) +4.340 (+10.753%) closed the midday at $44.7, up nearly 11% against the listing price of $40.36, on half-day volume of over 100 million shares, involving $4.697 billion.
Source: AAStock

JD LOGISTICS (02618.HK) Sees Sustained 3rd-party Revenue Growth
28/05/2021 11:26
JD LOGISTICS (02618.HK) +4.590 (+11.373%) recorded more than RMB4 billion of loss last year. Group CEO Yu Rui attributed past losses to input ramp-up for business layout, including expansion of logistics network, warehouse space and other logistics infrastructure.
On another note, JD LOGISTICS has been less and less dependent on its parent JD-SW (09618.HK) -0.400 (-0.141%) Short selling $319.16M; Ratio 32.005% , with revenue from external customers making up over 46% of the 2020 total. Yu expected the group's third-party revenue to keep gaining weight going ahead.
Source: AAStock

JD LOGISTICS (02618.HK) CEO: Price War Impact on Company Operation Mild
28/05/2021 11:18
While the logistics sector in China is in face of price war challenge amid intensified rivalry post epidemic, the logistics business is expanding customer base for JD LOGISTICS (02618.HK) +4.590 (+11.373%) apart from creating profit, the CEO Yu Rui said.
Upon establishing business ties with clients, the company can further provide more one-stop supply chain services. Therefore, the CEO thought the price war to pose mild impact on their operation.
Source: AAStock

CENTRALCHINA MT (09982.HK) Public Offering Over-subscribed by Nearly 4x, One-lot Success Rate 30%
28/05/2021 09:13
CENTRALCHINA MT (09982.HK), spun off from CENTRAL CHINA (00832.HK) +0.040 (+1.860%) Short selling $2.24M; Ratio 5.336% and to be listed on 31 May, was priced at $3, nearing the upper limit of the offer price range $2.4-3.2.
The stock was over-subscribed by 3.99 times in the public offering. One-lot (2,000 shares) success rate was 30%.
Source: AAStock

JD LOGISTICS (02618.HK) Closes at $48.55 in Gray Market, Up 20.3% vs Listing Price
27/05/2021 18:33
JD LOGISTICS (02618.HK), to be listed tomorrow, closed at $48.55 in gray market, up $8.19 or 20.3% against the listing price of $40.36, on volume of 1.3 million shares and turnover of $649 million, PhillipMart data showed.
Source: AAStock

SenseTime Said to Go Public in HK at Yr-end Soonest
27/05/2021 14:33
China's largest A.I. firm SenseTime plans to go public in Hong Kong by end-2021 at the earliest, while proceeding with its A-share listing simultaneously, IFR citing sources.
Having discussed the Hong Kong IPO with insiders and outsiders, SenseTime stays open about floating in both Hong Kong and Shanghai. But it is currently unknown whether the listing will be done on both places concurrently.
SoftBank, Temasek, BABA-SW (09988.HK) 0.000 (0.000%) Short selling $225.21M; Ratio 15.251% and Qualcomm are investors in SenseTime.
Source: AAStock

NetEase Cloud Music Operator Submits Listing Application; MAUs Hit 180M Last Yr
27/05/2021 10:27
NTES-S (09999.HK) +0.800 (+0.443%) Short selling $253.53M; Ratio 40.639% intends to spin-off Cloud Village by way of a separate listing of the Cloud Village Shares on the Main Board of the Hong Kong Stock Exchange, with its joint sponsors being Bank of America, CICC and Credit Suisse.
The preliminary prospectus shows that NetEase Cloud Music's monthly active users of online music services reached 181 million in 2020 while the number of monthly subscription users amounted to 16 million.
Cloud Village is the operator of NetEase Cloud Music.
Source: AAStock

JD LOGISTICS (02618.HK) Public Offering Over-subscribed by Over 714x, One-lot Success Rate 8%
27/05/2021 08:15
JD LOGISTICS (02618.HK), spun off from JD-SW (09618.HK) -2.600 (-0.904%) Short selling $285.02M; Ratio 26.655% and to be listed tomorrow, was over-subscribed by 714.61 times in the public offering. One-lot (100 shares) success rate was 8%.
The stock was priced at $40.36, nearing the lower limit of the offer price range $39.36-43.36.
Source: AAStock

NTES-S Mulls Splitting NetEase Cloud Music for Separate Main Board Listing
26/05/2021 17:05
NTES-S (09999.HK) -0.400 (-0.221%) Short selling $253.53M; Ratio 40.639% announced that the Company intends to spin-off Cloud Village by way of a separate listing of the Cloud Village Shares on the Main Board of the Hong Kong Stock Exchange.
The Company submitted a spin-off proposal to the Stock Exchange in relation to the Proposed Spin-off and the Stock Exchange has confirmed that the Company may proceed with the Proposed Spin-off.
Cloud Village was incorporated in the Cayman Islands on 2 February 2016, and NetEase Cloud Music, the Company’s music streaming platform, has been operating on a stand-alone basis by Cloud Village since October 2016.
Source: AAStock

HK Broker Chief Financial Files for HK Main Board IPO
26/05/2021 14:31
Chief Financial Group, a local broker, submitted an application for listing on the Main Board. The company’s revenue for the first three fiscal quarters of the year ended 2020 was $251 million, an annual increase of 32.27%, according to the Stock Exchange's filing.
AAStocks Financial News
Source: AAStock

NetEase Cloud Music Purportedly Plans HK Listing, Capturing $7.036B
26/05/2021 14:09
NetEase Cloud Music is soon to lodge a file for listing on HKEX (00388.HK) +7.400 (+1.559%) Short selling $256.63M; Ratio 16.514% with the maximum offer price of $330 and a plan to raise $7.036 billion, as Jiemian.com learnt. The sponsors are CICC, Bank of America and Credit Suisse.
The online music company refused to comment on the above news.
Source: AAStock

JD LOGISTICS (02618.HK) One-lot Success Rate 8%: Rumor
26/05/2021 11:59
Rumor has it that the one-lot success rate of JD LOGISTICS (02618.HK), to be listed on 28 May, was only 8%.
The stock was purportedly subscribed by roughly 1.373 million applicants, with $573.1 billion in frozen capital and public offering over-subscribed by around 715 times.
Source: AAStock

NEW HOPE SERV (03658.HK) Ends at $3.82, Up 2 Cents vs Listing Price
25/05/2021 16:09
NEW HOPE SERV (03658.HK) +0.020 (+0.526%) , on debut, closed the day at $3.82, up 2 cents against the listing price of $3.8, on volume of 21.32 million shares and turnover of $80.97 million.
Source: AAStock

Yuexiu Services Clears Listing Hearing, Said to Raise Up to US$250M
25/05/2021 09:45
Having cleared the listing hearing on Stock Exchange, Yuexiu Services, an urban operation service and integrated property management service provider under YUEXIU PROPERTY (00123.HK) +0.010 (+0.538%) Short selling $1.37M; Ratio 6.564% , will likely start IPO soon.
Foreign sources said Yuexiu Services had kick-started its pre-marketing, aiming to raise around US$200-250 million.
Source: AAStock

NEW HOPE SERV (03658.HK) Opens Flat at $3.8
25/05/2021 09:23
NEW HOPE SERV (03658.HK) +0.030 (+0.789%) , on debut, opened at $3.8, flattish against the listing price of $3.8, on volume of 7.97 million shares per-market.
Source: AAStock

NEW HOPE SERV (03658.HK) Closes at $3.68 in Gray Market, Down 3.2% vs Listing Price
24/05/2021 18:34
NEW HOPE SERV (03658.HK), to be listed tomorrow, closed at $3.68 in gray market, down 12 cents or 3.2% against the listing price of $3.8, on volume of 2.41 million shares and turnover of $8.81 million, PhillipMart data showed.
Source: AAStock

NEW HOPE SERV (03658.HK) Opens Flat in Gray Market, Now Down 3.2% vs Listing Price
24/05/2021 17:27
NEW HOPE SERV (03658.HK), to be listed tomorrow, opened at $3.8 in gray market, flattish with the listing price, and last stood at $3.68, down 3.2% against the listing price, on volume of 2.03 million shares, PhillipMart data showed.
Source: AAStock

Report: CARsgen Therapeutics Initiates Pre-Marketing Today, Expecting to Raise USD400-500M
24/05/2021 11:16
According to the IFR reports under Reuters, Chinese biopharmaceutical company CARsgen Therapeutics has passed its listing hearing and initiated pre-marketing activities today (24 May) aiming to raise around USD400 - 500 million, with the joint sponsors being Goldman Sachs and UBS.
Preliminary prospectuses show that CARsgen Therapeutics last year's attributable loss increased from the same period in 2019's RMB265 million to RMB1.064 billion.
AAStocks Financial News
Source: AAStock

Yuexiu Services Said to Start Pre-marketing on Tue to Raise US$200-250M
24/05/2021 11:08
Yuexiu Services plans to start pre-marketing on Tuesday (25th) and raise US$200-250 million, IFR citing insiders.
The Company is a subsidiary of YUEXIU PROPERTY (00123.HK) +0.010 (+0.538%) Short selling $813.48K; Ratio 10.106% .
Source: AAStock

Report Says United Imaging's Medical Project Weighs HK IPO This Yr
24/05/2021 09:52
According to sources quoted in Bloomberg, Shanghai United Imaging Healthcare, a manufacturer of medical imaging and radiotherapy equipment, is considering the possibility of a first Hong Kong initial public offering, hoping to raise up to at least USD1 billion by the end of the year.
Sources said that the potential public offering is still being discussed and that respective details could change.
United Imaging hired Citic Securities Co. and China International Capital Corp. last year to prepare for its listing on the STAR Market.
AAStocks Financial News
Source: AAStock

JD LOGISTICS (02618.HK) Subscribed by 1.37M Applicants with $573.1B Frozen Capital: Rumor
24/05/2021 09:22
JD LOGISTICS (02618.HK) was eventually subscribed by roughly 1.373 million applicants, with $573.1 billion in frozen capital and public offering over-subscribed by around 715 times, said market rumors.
Source: AAStock

NEW HOPE SERV (03658.HK) Priced at Low End $3.8, One-lot Success Rate 50%
24/05/2021 09:05
NEW HOPE SERV (03658.HK), to be listed tomorrow (25th), was priced at $3.8, the lower limit of the offer price range $3.8-4.7.
It was over-subscribed by 3.75 times in the public offering. One-lot (1,000 shares) success rate was 50.01%.
Source: AAStock

JD LOGISTICS (02618.HK) Public Offering Over-subscribed by Over 700x, Freezes $550B+: Rumors
21/05/2021 14:38
JD LOGISTICS (02618.HK) was subscribed by more than 1 million applicants, with public offering over-subscribed by over 700 times, said market rumors. Over $550 billion in capital was frozen.
Source: AAStock

Apple's Supply Chain LY iTECH (002600.SZ) Mulls HK Listing
21/05/2021 10:56
LY iTECH (002600.SZ) +0.32 (+3.931%) announced that its proposed H-share listing in Hong Kong had been passed at a board meeting dated 20 May.
The company is part of Apple's supply chain, said Chinese media.
Source: AAStock

Nayuki Purportedly Seeks Listing in Jun-Jul, Valued RMB40B
21/05/2021 10:34
Nayuki targets completing IPO by June-July after passing a hearing at end-May or early-June, Chinese media learnt from insiders.
The listing may value the Chinese cheese fruit tea chain up to RMB35-40 billion.
AAStocks Financial News
Source: AAStock

JD LOGISTICS (02618.HK) Priced Close to Lower End $40.36: Wire
21/05/2021 10:05
JD LOGISTICS (02618.HK) is fixing its offer price at $40.36, close to the lower limit of the offer price range $39.36-43.36, said Bloomberg.
Source: AAStock

Nayuki: Rumor on IPO Progress Untrue
20/05/2021 18:23
Nayuki has passed the listing hearing of HKEX (00388.HK) +3.400 (+0.749%) Short selling $277.54M; Ratio 16.705% this afternoon, and will nail the cornerstone investors tonight, as rumor spiraled on the market. Yet Sina Finance cited the company that the rumor on the IPO progress is untrue.
Source: AAStock

SFC, HKEX Strengthen Joint Force to Combat Misconduct, Improper Behavior Involving New ListCo.
20/05/2021 17:58
The Securities and Futures Commission (SFC), in collaboration with the Stock Exchange of Hong Kong Limited (SEHK), is intensifying its efforts to tackle misconduct and improper behaviour related to new listings. An SFC-SEHK joint statement released today notes some problematic issues in recent initial public offerings (IPOs) which suggest the lack of genuine investor interest and call into doubt the existence of an open, orderly and fair market in the shares.
Listing applicants and firms involved in the IPO process have important roles to play in upholding the quality and integrity of the stock market in Hong Kong, said Ashley Alder, the SFC’s Chief Executive Officer. Today’s joint statement signals their determination to combat market misconduct in new listings and they will not hesitate to act if there are red flags indicating a lack of genuine investor interest in an IPO. In the run-up to the effective date of the new profit thresholds, they will place particular focus on new listing applications which rely on aggressive profit forecasts to justify their expected valuations.
As part of the regulatory response to address improper behaviour, problematic applications with red flags are now subject to heightened scrutiny. If necessary, the regulators will use their regulatory powers to object to or reject an application.
AAStocks Financial News
Source: AAStock

JD LOGISTICS (02618.HK) IPO Margin $216.3B, Over-subscribed by 272x
20/05/2021 17:57
JD LOGISTICS (02618.HK), spun off from JD-SW (09618.HK) +10.000 (+3.693%) Short selling $364.88M; Ratio 15.213% , had its IPO registered approximately $216.3 billion margin as at around 6:00 pm according to brokers. Based on the public fundraising amount of about $792 million, the IPO was over-subscribed by almost 272 times.
Source: AAStock

Stock Exchange Raises Main Board Profit Requirement by 60%, Effective 1 Jan 2022
20/05/2021 17:14
The Stock Exchange today published conclusions to its consultations on the Main Board Profit Requirement and review of Listing Rules relating to disciplinary powers and sanctions. Conclusions focus on market quality and on investor protection.
Profit Requirement will increase 60 per cent, with effect from 1 January 2022. Proposals relating to disciplinary powers and sanctions will be implemented with effect from 3 July 2021.
Each consultation received around 100 non-duplicated responses from a broad range of respondents representing stakeholders across the Hong Kong capital market.
AAStocks Financial News
Source: AAStock

Nayuki Founder: HK IPO May Wrap up in Next 1-2 Mths
20/05/2021 14:56
At Foodaily's event, Nayuki's founder Peng Xin disclosed that the cheese fruit tea chain will hopefully have its Hong Kong IPO in the coming 1-2 months, along with upcoming hearing soon, cited Chinese media.
AAStocks Financial News
Source: AAStock

JD LOGISTICS (02618.HK) 2nd-day IPO Margin $162.4B, Over-subscribed by 204x
18/05/2021 18:02
JD LOGISTICS (02618.HK), spun off from JD-SW (09618.HK) +5.000 (+1.881%) Short selling $308.56M; Ratio 25.945% , had its IPO on the second day registered over $162.4 billion margin as at around 6:00 pm according to brokers. Based on the public fundraising amount of about $792 million, the IPO was over-subscribed by almost 204 times.
Source: AAStock

Neusoft Medical Seeks US$400-500M HK IPO: Wire
18/05/2021 15:31
Neusoft Medical is pondering over a Hong Kong IPO as soon as later this year to raise roughly US$400-500 million, Bloomberg reported, after retracting its listing application to Shanghai’s STAR board last year.
AAStocks Financial News
Source: AAStock

JD LOGISTICS (02618.HK), CRCT Enter Into Strategic Cooperation
18/05/2021 14:27
JD LOGISTICS (02618.HK) announced that it has entered into strategic cooperation with China Railway Container Transport (CRCT) to foster a closer tie on market expansion, informatization upgrade, etc..
Source: AAStock

CARsgen Therapeutics Seeks Hearing This Week for US$400-500M IPO: Wire
18/05/2021 12:30
CARsgen Therapeutics is seeking hearing this week for its planned listing that will hopefully raise US$400-500 million, IFR reported. The biopharmaceutical company will switch on a pre-marketing next week.
AAStocks Financial News
Source: AAStock

Youran Dairy Starts Pre-Marketing for US$800M IPO: Wire
18/05/2021 10:41
Youran Dairy has switched on pre-marketing, which may end on 25 May, for its listing that will raise US$800 million, IFR citing insiders.
AAStocks Financial News
Source: AAStock

CENTRALCHINA MT (09982.HK) Starts IPO Today, Entry Fee $6,464.49
18/05/2021 08:34
CENTRALCHINA MT (09982.HK), spun off from CENTRAL CHINA (00832.HK) +0.040 (+1.990%) Short selling $15.35M; Ratio 22.869% and expected to be listed on 31 May, has started IPO from today through 24 May.
Offer prices range $2.4-3.2. Entry fee is $6,464.49 per board lot of 2,000 shares.
Source: AAStock

JD LOGISTICS (02618.HK) IPO Margin Over-subscribed by 124x So Far
17/05/2021 17:31
On debut today, JD LOGISTICS (02618.HK)'s IPO has registered nearly $98.9 billion margin as at around 5:30 pm. Based on the public fundraising amount of approximately $792 million, the IPO has been over-subscribed by more than 123.8 times so far.
Source: AAStock

SF REIT (02191.HK) Closes at $4.16, Down Over 16% vs Listing Price
17/05/2021 16:23
On debut, SF REIT (02191.HK) -0.820 (-16.466%) concluded the day at $4.16, down 82 cents or 16.5% against the listing price of $4.98, on volume of 84.08 million units, involving $361 million.
Excluding the handling fees, a book loss of $820 was reported per board lot of 1,000 units.
Source: AAStock

Landsea Green Life Seeks Hearing This Week for Up to US$100M IPO: Wire
17/05/2021 14:14
LANDSEA PPT (00106.HK) -0.005 (-1.000%) 's property management service fellow Landsea Green Life is seeking a hearing this week for its listing, which was expected to fetch up to US$100 million, IFR reported.
Source: AAStock

JD LOGISTICS (02618.HK)'s Int'l Placing Fully Subscribed: Wire
17/05/2021 12:39
JD-SW (09618.HK) -4.400 (-1.641%) Short selling $225.15M; Ratio 18.949% 's spin-off unit JD LOGISTICS (02618.HK) was fully subscribed in its international placing on its first day of IPO, IFR citing insiders.
Source: AAStock

SF REIT (02191.HK) Closes at $4.26 Midday, Down Over 14% vs Listing Price
17/05/2021 12:10
On debut, SF REIT (02191.HK) -0.720 (-14.458%) closed the midday at $4.26, down 14.5% against the listing price of $4.98, on half-day volume of 37.77 million units, involving $166 million.
Source: AAStock

JD LOGISTICS (02618.HK) Starts IPO Today, Entry Fee $4,379.7
17/05/2021 08:37
JD LOGISTICS (02618.HK), spun off from JD-SW (09618.HK) -4.800 (-1.790%) Short selling $575.57M; Ratio 21.792% and to be listed on 28 May, has started IPO from today through 21 May.
Offer prices range $39.36-43.36. Entry fee is $4,379.7 per board lot of 100 shares.
Source: AAStock

SF REIT (02191.HK) Closes at $4.94 in Gray Market, Down 0.8% vs Listing Price
14/05/2021 18:32
SF REIT (02191.HK) closed at $4.94 in gray market, down 4 cents or 0.8% against the listing price of $4.98, on volume of 1.62 million units and turnover of $8 million, PhillipMart data showed.
Source: AAStock

CTG DUTY-FREE Gets CICC's Push for Biggest H-shr Listing This Yr
14/05/2021 16:35
CTG DUTY-FREE (601888.SH) +14.58 (+4.942%) is working with CICC on its planned listing in Hong Kong, IFR reported, after the company had in late-April announced that it was in talks with intermediaries for public offering in the financial hub.
The plan may turn out the biggest IPO in Hong Kong this year, said insiders.
Source: AAStock

SF REIT (02191.HK) Opens Up 2.4% to $5.1 on Gray Mkt
14/05/2021 16:15
SF REIT (02191.HK), to be listed next Monday (17 May), opened at $5.1 on gray market, up 2.4%, as revealed by PhillipMart. It last printed at $4.98, flattish against the listing price, on volume of only 22,000 units.
Source: AAStock

JD Logistics Secures US$1.5B Investment from 7 Cornerstone Investors, Incl. SoftBank, Temasek: Wire
14/05/2021 16:12
JD Logistics has secured US$1.5-billion subscription from seven cornerstone investors for its Hong Kong IPO, including SoftBank Vision Fund and Temasek, IFR citing insiders.
AAStocks Financial News
Source: AAStock

JD Logistics Seeks Raising Up to US$3.5B, Valued at US$34.5B: Wire
14/05/2021 10:38
JD-SW (09618.HK) -12.400 (-4.483%) Short selling $164.30M; Ratio 17.281% (JD.US) -4.220 (-5.923%) 's JD Logistics will start IPO next Monday, which will raise roughly US$3.1-3.5 billion, IFR reported.
While the logistics firm set IPO valuation of US$31.0-34.5 billion, the fundraising and valuation targets were lower than the earlier rumors.
Source: AAStock

SF REIT (02191.HK) Public Offering Over-subscribed by 4x, One-lot Success Rate 60%
14/05/2021 09:38
SF REIT (02191.HK), spun off from SF Holding (002352.SZ) -0.83 (-1.315%) and to be listed next Monday, was priced at $4.98, slightly above the median of the offer price range $4.68-5.16.
The public offering was over-subscribed by roughly four times. One-lot (1,000 units) success rate was 60.01%.
Source: AAStock

China Youran Dairy Running Hearing for US$800M HK IPO: Rumors
14/05/2021 09:29
China Youran Dairy will run hearing this week for its HK IPO which is expected to raise as much as US$800 million, said market rumors.
The Chinese dairy farming firm was a subsidiary of YILI (600887.SH) +0.22 (+0.567%) .
Source: AAStock

TENCENT-funded Miaoshou Doctor Said to Lure Min. US$500M from HK IPO This Yr
12/05/2021 17:47
Beijing Yuanxin Technology, the operator of the pharmaceutical e-commerce platform Miaoshou Doctor, is looking at a flotation in Hong Kong within this year to woo at least US$500 million, as Bloomberg cited people with the knowledge of the matter. Currently, Goldman Sachs etc. is in talks for the proposed listing plan, with the timetable and issuance size undecided.
Current investors include TENCENT (00700.HK) +14.000 (+2.395%) Short selling $1.90B; Ratio 13.954% , Sequoia Capital, CITIC SEC (06030.HK) +0.300 (+1.534%) Short selling $126.19M; Ratio 35.438% and OrbiMed.
Source: AAStock

JD Logistics Said to Start IPO Next Mon, Valued at US$35B
12/05/2021 17:38
JD-SW (09618.HK) +14.200 (+5.217%) Short selling $124.75M; Ratio 8.419% (JD.US) +1.380 (+1.933%) 's JD Logistics has started a 10-day roadshow ahead of its planned public offering, which will start next Monday through Friday, Chinese media reported. The listing will be on 28 May.
The listing is valued at around US$35 billion, said the report.
Source: AAStock

LinkDoc Mulls IPO to Raise US$500M This Yr, Backed by ALI HEALTH: Rumor
12/05/2021 17:27
LinkDoc Technology is planning to go public and raise about US$500 million as soon as this year, with potential venues comprising Hong Kong, Bloomberg citing insiders. The Chinese firm is gearing up for the IPO with Bank of America, CICC and Morgan Stanley.
LinkDoc's investors include ALI HEALTH (00241.HK) -0.550 (-2.397%) Short selling $116.77M; Ratio 16.303% , Ally Bridge Group and CBC Capital.
Source: AAStock

NEW HOPE SERV (03658.HK)'s Int'l Placing Fully Subscribed: Wire
12/05/2021 12:19
NEW HOPE SERV (03658.HK), predicted to be listed on 25 May, was fully subscribed in international placing, IFR citing insiders.
Source: AAStock

SF REIT (02191.HK) Said to Priced at $4.98, Aloft Offer Price Range Median
11/05/2021 15:47
SF REIT (02191.HK) decided to fix its offer price at $4.98 each, above the median ($4.92) of the price range $4.68-$5.16, IFR citing insiders. The company aims to raise approximately $2.589 billion.
SF REIT is expected to go public next Monday (17th). Entry fee will be about $5,211.99 with a board lot size of 1,000 units.
Source: AAStock

New Hope Service (03658.HK) IPO Tmr, To Woo 6 Cornerstone Investors Incl. XIAOMI-W
10/05/2021 17:51
New Hope Service (03658.HK), proposing to offer 200 million shares, said it will start IPO tomorrow (11 May) through 14 May and expects listing on 25 May.
The offer price will range $3.8-4.7. Entry fee is approximately $4,747.36 with board lot size of 1,000 shares.
The offering will introduce six cornerstone investors, including XIAOMI-W (01810.HK) -0.050 (-0.198%) Short selling $645.26M; Ratio 18.138% , BEKE (BEKE.US) +0.660 (+1.313%) and FOSUN INTL (00656.HK) +0.680 (+5.842%) Short selling $22.07M; Ratio 16.824% 's Peak Reinsurance.
Source: AAStock

SF REIT (02191.HK) Priced at $4.95-5: Wire
10/05/2021 15:29
SF REIT (02191.HK) informed its investors of a plan to guide its offer price at $4.95-5 per share, close to the upper limit of the price range $4.68-5.16, IFR reported.
Source: AAStock

CN Fintech Firm Lexin Seeks HK Secondary Listing in 2H21 Soonest: Wire
10/05/2021 14:46
Chinese online consumption and consumer finance platform LexinFintech Holdings Ltd (LX.US) -0.060 (-0.724%) is pondering over secondary listing in Hong Kong as soon as 2H21, IFR reported.
Source: AAStock

S Korea's Miner FREE GOOD to File For HK IPO
10/05/2021 12:16
FREE GOOD is going to lodge a listing application in Hong Kong, as the South Korea miner seeks to raise US$10 million.
AAStocks Financial News
Source: AAStock

JD Logistics Said to Start IPO Soon; Brokers Save Over $75B Margin Quota
10/05/2021 09:37
JD-SW (09618.HK) -3.800 (-1.299%) Short selling $164.36M; Ratio 19.559% (JD.US) -0.880 (-1.152%) 's JD Logistics has passed the listing hearing, with IPO beginning as soon as this week, according to HKEX's information.
Several local brokers have reportedly reserved margin subscription quota of more than $75 billion for JD Logistics.
Source: AAStock

Nayuki Denies Closing IPO Process by Early/ Mid-Jun
10/05/2021 09:13
Nayuki plans to conduct an HKEX listing hearing on 13 May, and may go public in Hong Kong in early or mid-June, according to market sources.
The Chinese bubble tea chain replied that the rumors were inaccurate, adding the Company's announcement on regulatory approval shall prevail.
AAStocks Financial News
Source: AAStock

SF REIT (02191.HK) Int'l Placing Over-subscribed; Margin Over-subscribed by 0.4x: Report
07/05/2021 17:32
SF REIT (02191.HK)'s international placing was over-subscribed in two hours, said insiders. Around $377 million in margin quota, over-subscribed by 0.41 times, was purportedly recorded as of 17:30.
Source: AAStock

Shanghai ANE Logistics Files For US$500M HK IPO: Wire
07/05/2021 12:11
Shanghai ANE Logistics has lodged an application for listing on the Main Board, with JPMorgan and CICC as its joint sponsors.
The China-based shipping operator is seeking an IPO in Hong Kong that will raise roughly US$500 million, said foreign press.
AAStocks Financial News
Source: AAStock

Didi Chuxing Said to Spin Off Chengxin Youxuan for Listing in 2022 Soonest
07/05/2021 11:31
Didi Chuxing, planned to go public in the United States this summer, has started gearing up for Chengxin Youxuan's spin-off, The Information citing sources.
The e-commence business will be spun off for listing as soon as 2022-23, without a concrete timeline.
AAStocks Financial News
Source: AAStock

SF REIT (02191.HK) Records Only $363M Margin Quota amid Cancelled Subscription Yesterday
07/05/2021 08:50
On its second day of IPO yesterday, SF REIT (02191.HK), amid cancelled margin subscription, recorded roughly $363 million in broker margin quota, lower than the first day's $400 million, local media reported.
Source: AAStock

SF REIT (02191.HK) Records Only $400M Margin Quota For Now: Report
06/05/2021 08:52
SF REIT (02191.HK), up to this moment, only recorded $400 million in broker margin quota, 0.5 times of over-subscription, after its public offering had started yesterday, said local media.
Source: AAStock

Central China Management Said to Start Roadshow Next Week, Mull Raising US$100-150M
05/05/2021 11:08
Central China Management plans to start the roadshow for its Hong Kong IPO next week, intending to raise US$100-150 million, IFR citing insiders.
Central China Management is a subsidiary of CENTRAL CHINA (00832.HK) +0.160 (+3.695%) Short selling $1.22M; Ratio 11.592% .
Source: AAStock

Local Brand B.Duck Lodges Main Board Listing Application; HLD Lee Ka Kit Owns About 2.6% Stake Pre-listing
05/05/2021 10:19
Semk International Holdings, the owner of a local brand B.Duck, lodged an application for listing on Main Board in Hong Kong. The company had in 2019 applied for GEM listing, but the application flunked eventually.
HENDERSON LAND (00012.HK) +0.350 (+1.012%) Short selling $8.61M; Ratio 24.327% Chairman Lee Ka Kit's Wisdom Thinker acquired 26,600 shares of Semk at $39.9 million in April 2021, owning approximately 2.66% stake prior to listing. Other shareholders included WONG'S INT'L (00099.HK) 0.000 (0.000%) .
Source: AAStock

SF REIT (02191.HK) IPO Tmr, Entry Fee Almost $5,212
04/05/2021 18:03
SF REIT (02191.HK), a ring-fence of SF Holding (002352.SZ) +0.27 (+0.421%) , plans IPO from tomorrow (5 May) to next Monday (10 May). It will issue 520 million fund units at a price of $4.68-5.16, of which 10%, or 52 million units, will be offered for local public offering, raising a maximum of approximately $2.683 billion.
Expected to list on 17 May, the company has an entry fee of approximately $5,211.99 per board lot size of 1,000 units.
Source: AAStock

SF REIT IPO Tmr Reportedly, Pursuing Max. US$340M
04/05/2021 12:39
SF REIT, a ring-fence of SF Holding (002352.SZ) +0.27 (+0.421%) , is going to float in Hong Kong and initiate public offering Wednesday (5 May), pursuing up to US$340 million, Reuters' IFR cited sources.
The offering will woo two cornerstone investors, the report said.
Source: AAStock

Hangzhou Xpower Technology Seeks US$200-300M HK IPO
03/05/2021 14:26
Hangzhou Xpower Technology has lodged an application for Main Board listing to raise US$200-300 million, IFR citing insiders.
TENCENT (00700.HK) 0.000 (0.000%) Short selling $621.57M; Ratio 24.498% and Ant Group hold approximately 9.77% and 4.97% stake in Hangzhou Xpower Technology through a subsidiary (林芝利新信息技術) and a company (上海風報) respectively, according to the prospectus.
Source: AAStock

Hangzhou Xpower Technology Files for HK IPO, Backed by Tencent & Ant
03/05/2021 11:43
Hangzhou Xpower Technology, a Chinese shared mobile power company, has submitted an application for listing on the Main Board of the Stock Exchange, with the joint sponsors being CICC and UBS.
TENCENT (00700.HK) -1.500 (-0.241%) Short selling $1.02B; Ratio 13.648% and Ant Group hold approximately 9.77% and 4.97% stake in Hangzhou Xpower Technology through a subsidiary (林芝利新信息技術) and a company (上海風報) respectively, according to the prospectus.
Source: AAStock

JD Logistics Passes HK Listing Hearing, Purportedly Fetching Max. US$4B
03/05/2021 09:17
JD-SW (09618.HK) +2.000 (+0.669%) Short selling $202.40M; Ratio 18.706% 's JD Logistics has passed Hong Kong's listing hearing. As Reuters' IFR cited sources, the logistics company has started the roadshow and expected it to end on 12 May, aiming to fetch approximately US$3-4 billion.
JD Logistics introduced many investors prior to listing, including TENCENT (00700.HK) -2.500 (-0.401%) Short selling $1.02B; Ratio 13.648% , CHINA LIFE (02628.HK) -0.240 (-1.517%) Short selling $68.48M; Ratio 9.473% , ICBC (01398.HK) -0.050 (-0.988%) Short selling $347.94M; Ratio 11.694% , PING AN (02318.HK) -1.450 (-1.707%) Short selling $473.81M; Ratio 12.672% , NEW WORLD DEV (00017.HK) -0.600 (-1.460%) Short selling $24.62M; Ratio 20.522% , and more.
Source: AAStock

JD Logistics' HK Listing Application Approved, Roadshow Next Week: Wire
30/04/2021 08:35
JD-SW (09618.HK) -4.000 (-1.303%) Short selling $99.41M; Ratio 12.803% (JD.US) -1.230 (-1.556%) has obtained the approval from the Hong Kong Stock Exchange for the listing application of JD Logistics, Reuters' IFR cited people with the knowledge of the matter. The IPO roadshow is planned to unfold as soon as next week with a valuation target of US$40 billion.
Source: AAStock

ZHAOKE OPHTH-B (06622.HK) Closes at $14.32, Down Nearly 15% vs Listing Price
29/04/2021 16:10
ZHAOKE OPHTH-B (06622.HK) -2.480 (-14.762%) , on debut, settled the trade at $14.32, down $2.48 or 14.8% against the listing price $16.8, on volume of 41.42 million shares and turnover of $620 million.
Excluding the handling fees, a book loss of $1,240 was reported per board lot of 500 shares.
Source: AAStock

Edding Group Seeks Listing Hearing Today, To Start Roadshow Next Week Soonest: Rumor
29/04/2021 12:30
Edding Group is looking to conduct a listing hearing today, IFR citing insiders. Should it receive an approval, the group will start a roadshow as soon as next week, expecting to raise roughly US$300 million in the offering.
AAStocks Financial News
Source: AAStock

CHINA VANKE Mulls Property Mgmt Biz Spin-off for End-21 IPO to Raise US$2B: Report
28/04/2021 17:08
CHINA VANKE (02202.HK) -0.100 (-0.378%) Short selling $13.71M; Ratio 7.276% plans to spin off its property management unit for a Hong Kong listing to raise roughly US$2 billion, Bloomberg citing sources.
The real estate developer is in talks with several banks on the plan, which may be rolled out as soon as end-2021, the people said.
Source: AAStock

New Hope Service Said to Start Listing Hearing Tmr, Mulls Raising US$150M
28/04/2021 13:44
Chinese property manager New Hope Service seeks to conduct listing hearing on Thursday (29 April), aiming to raise as much as US$150 million, IFR citing sources.
AAStocks Financial News
Source: AAStock

ZHAOKE OPHTH-B (06622.HK) Over-subscribed by 55x, One-lot Success Rate 25%
28/04/2021 09:32
LEE'S PHARM (00950.HK) -0.050 (-0.923%) Short selling $596.30K; Ratio 28.107% 's spin-off ZHAOKE OPHTH-B (06622.HK), to be listed tomorrow, was priced at $16.8, the upper limit of the offer price range $15.38-16.8.
The public offering was over-subscribed by 55 times. One-lot (500 shares) success rate was 25%.
Source: AAStock

R&F Property Services Aims for 3Q21 HK IPO to Raise Up to US$700M: Rumor
27/04/2021 11:54
R&F Property Services plans to go public in Hong Kong as soon as the third quarter of 2021, aiming to raise around US$500-700 million, reported IFR. The company had recently filed a listing application.
Prior to IPO, R&F Property Services is roughly 46.48% owned by R&F PROPERTIES (02777.HK) 0.000 (0.000%) Short selling $3.67M; Ratio 10.831% Chairman Li Sze Lim, as well as Co-chairman and CEO Zhang Li.
Source: AAStock

R&F Property Services Files HK IPO Application
27/04/2021 11:22
R&F Property Services, a series of company under R&F PROPERTIES (02777.HK) -0.020 (-0.200%) Short selling $3.67M; Ratio 10.831% , has filed an application for listing on the Main Board at the Stock Exchange. The joint sponsors are ABCI and CICC.
According to the preliminary prospectus, the company's revenue for 2020 was RMB2.597 billion, an increase of 19.69% year-on-year. Profit during the period hiked by 275% year-on-year to RMB239 million.
Source: AAStock

JD Logistics Reportedly Looking at Listing Hearing This Week
26/04/2021 15:25
JD-SW (09618.HK) +2.400 (+0.808%) Short selling $33.99M; Ratio 6.324% 's JD Logistics is looking at listing hearing this week, raising US$3-4 billion, Reuters' IFR reported. Earlier report had said the logistics wing targets the valuation at approximately US$40 billion and the pre-listing roadshow is set to take off as soon as next month.
Source: AAStock

Tencent-backed We Doctor Aims to Raise Up to US$3B in 1H21E HK IPO: Report
26/04/2021 10:33
The TENCENT (00700.HK) +5.500 (+0.870%) Short selling $780.95M; Ratio 7.635% -backed We Doctor has launched its non-deal roadshow, seeking to go public in Hong Kong as soon as this quarter to raise up to US$3 billion, local media citing sources.
Source: AAStock

ByteDance Pauses IPO Plan, Hard to Meet CN, US Regulatory Requirements: Rumor
26/04/2021 08:28
ByteDance, owner of TikTok, has suspended its initial public offering plan due to difficulties meeting regulatory requirements from both Beijing and Washington, SCMP citing insiders.
ByteDance cannot come up with a business structure meeting both Chinese and U.S. demands, especially in separating Douyin's business from TikTok's operations as both units are sharing the same algorithm.
AAStocks Financial News
Source: AAStock

ByteDance Says No IPO Plan Yet
24/04/2021 10:39
Chinese media reported ByteDance's proposal to mount a Hong Kong IPO.
In response, the Beijing-based company said it no plan for such a listing for now.
AAStocks Financial News
Source: AAStock

Dowell Receives CSRC's Approval of HK IPO Filings
23/04/2021 11:48
DIMA (600565.SH) -0.06 (-2.000%) announced that its spin-off Dowell Service (東原仁知服務) has received an approval from China Securities Regulatory Commission of its filings for Hong Kong IPO.
Source: AAStock

DRC Bank Seeks US$1B HK IPO in 3Q21: Wire
22/04/2021 11:46
DRC Bank will go public in Hong Kong in 3Q21 to raise roughly US$1 billion, IFR citing insiders.
According to its filings, the Chinese bank has CMS, CMB International, ABC International and ICBC International as its joint sponsors.
AAStocks Financial News
Source: AAStock

CTG DUTY-FREE (601888.SH) In Talks with Intermediaries for HK Listing Preparation
21/04/2021 17:58
CTG DUTY-FREE (601888.SH) +5.67 (+1.935%) announced that the board of directors passed the Proposal on Authorizing the Company's Management to Commence the Company's Issuance of Overseas Listed Foreign Shares (H Shares) and Related Preparatory Work for Listing on The Stock Exchange of Hong Kong Limited.
Currently, the company is discussing with relevant intermediaries on its issuance of overseas listed foreign shares (H shares) and listing on the Hong Kong Stock Exchange. The specific details of this listing have not yet set in stone.
Source: AAStock

Wanda's Commercial Property Mgmt Arm to Raise RMB20B Ahead of HK IPO This Yr: Wire
21/04/2021 14:23
Dalian Wanda Group seeks raising RMB20 billion for its commercial property management business before listing its subsidiary in Hong Kong by the end of this year, Reuters learnt from people with direct knowledge of the matter.
The Chinese conglomerate expects to complete the fundraising by July, said the report.
AAStocks Financial News
Source: AAStock

TRIP.COM-S (09961.HK) Closes at $280.2, Up 4.6% vs Listing Price
19/04/2021 16:09
On debut, TRIP.COM-S (09961.HK) +12.200 (+4.552%) closed at $280.2, up $12.2 or 4.6% against the listing price of $268, on volume of 3.54 million shares and turnover of $984 million. Excluding the handling fees, a book gain of $610 was reported per board lot of 50 shares.
Source: AAStock

TRIP.COM-S (09961.HK) Sees Gradual Green Channel, Travel Bubble Rollout Globally by End-Yr
19/04/2021 11:35
TRIP.COM-S (09961.HK) +9.400 (+3.507%) currently accounts for around 2% of the global market with huge room for growth, said James Liang, Co-founder and Executive Chairman of the Board. He saw tourism as a fast-growing industry catering to people's mental demand, ruling out possible sector saturation.
TRIP.COM-S CEO Jane Sun anticipated the pandemic to be subsiding as soon as possible, along with sequential launch of green channels and travel bubble initiatives across countries by end-2021.
Source: AAStock

ZHAOKE OPHTH-B (06622.HK) Int'l Placing Sees Full Subscription: Rumor
19/04/2021 11:17
ZHAOKE OPHTH-B (06622.HK), spun off from LEE'S PHARM (00950.HK) +0.170 (+3.160%) Short selling $2.16M; Ratio 5.528% , has recorded sufficient subscription in the international placing on the second day of offering, IFR citing people familiar with the matter.
Source: AAStock

TRIP.COM-S (09961.HK) Closes at $278 in Gray Market, Up 3.7% vs Listing Price
16/04/2021 18:32
TRIP.COM-S (09961.HK) closed at $278 in gray market, up 3.7% or $10 against the offer price of $268, on volume of 294,000 shares and turnover of over $81.1 million, PhillipMart data showed.
Excluding the handling fees, a book gain of $500 was reported per board lot of 50 shares.
Source: AAStock

TRIP.COM-S (09961.HK) Opens at $271 in Gray Mkt, Up 1.1% vs Offer Price
16/04/2021 16:20
TRIP.COM-S (09961.HK) opened at $271 in gray market, up 1.1% against the offer price of $268, on volume of 488,000 shares and turnover of over $13.8 million, PhillipMart data showed.
Source: AAStock

JD Logistics Seeks Approval for US$3-4B IPO at End-Apr Soonest: Wire
16/04/2021 16:00
JD-SW (09618.HK) +2.000 (+0.664%) Short selling $92.31M; Ratio 9.630% 's JD Logistics is seeking an approval as soon as late-April for its planned listing that will fetch US$3-4 billion, IFR reported.
The logistics company anticipates to run listing hearing during the last week of April or the first week of May, with target valuation of around US$40 billion, said insiders.
Source: AAStock

SF REIT Said to Start Pre-roadshow in Apr Soonest, Hopes for IPO Approval Next 2 Weeks
16/04/2021 14:39
SF Holding's SF REIT will start pre-roadshow as soon as this month, expecting to raise around US$300 million, IFR citing sources.
The REIT anticipated to secure IPO approvals from the Securities and Futures Commission and HKEX (00388.HK) +6.000 (+1.295%) Short selling $73.73M; Ratio 13.855% next two weeks.
Source: AAStock

EY: 1Q21 Global IPO Proceeds US$105.6B, Hits Record High
16/04/2021 10:35
EY said, just as traditional IPO markets have been highly active, the special purpose acquisition company (SPAC) IPOs in Q1 2021 have also been breaking records.
The global IPO market saw 430 deals raising US$105.6 billion in proceeds, increasing by 85% and 271% year-on-year, respectively. This was the best performing first quarter in 20 years.
AAStocks Financial News
Source: AAStock

ZHAOKE OPHTH-B (06622.HK) Starts IPO Today, Entry Fee $8,484.65
16/04/2021 09:35
ZHAOKE OPHTH-B (06622.HK), spun off from LEE'S PHARM (00950.HK) -0.120 (-1.974%) Short selling $946.93K; Ratio 28.839% and to be listed on 29 April, has started IPO from today through next Wednesday.
Offer prices range $15.38-16.8. Entry fee is $8,484.65 per board lot of 500 shares.
Source: AAStock

TRIP.COM-S (09961.HK) Over-subscribed by Over 16x, One-lot Success Rate 35%
16/04/2021 08:37
TRIP.COM-S (09961.HK) (TCOM.US) +0.430 (+1.205%) , to be listed on 19 April, recorded 16.78 times of over-subscription in the public offering. One-lot (50 shares) success rate was 35%.
The offer price was fixed at HK$268, representing a discount of around 4.4% to Trip.com's US closing price of US$36.1 (equivalent to about HK$280.42) yesterday.
Source: AAStock

Shanghai Hanyu Medical Technology Said to Lure US$500M by 3Q HK Listing
15/04/2021 18:05
Shanghai Hanyu Medical Technology plans to fetch up to US$500 million through the listing in Hong Kong in the third quarter, Reuters' IFR cited sources.
Hanyu Medical has submitted a listing application to the Stock Exchange, with CICC and Citigroup acting as joint sponsors.
AAStocks Financial News
Source: AAStock

ByteDance Purportedly Bundling CN Assets for IPO, Another IPO of Overseas Assets
15/04/2021 17:07
ByteDance is working to prepare for the listing of some underlying businesses, including Douyin, TouTiao, iXigua and other flagship domestic assets, in Hong Kong or the U.S., tech.qq learnt from insider sources.
TikTok and such other overseas businesses will be part of ByteDance' other planned IPO, said insiders.
AAStocks Financial News
Source: AAStock

Yango (000671.SZ) Mulls Spinning Off Property Mgmt Arm for HK IPO
15/04/2021 11:09
Yango (000671.SZ) +0.12 (+1.945%) announced that the board of directors has given green light to the proposed spin-off of a property management subsidiary (Chinese name: 上海陽光智博生活服務集團) for listing in Hong Kong.
Source: AAStock

ByteDance Purportedly Working On HK IPO, Valued Nearly US$400B
14/04/2021 12:17
ByteDance has filed its letter of engagement of underwriters to HKEX (00388.HK) +6.600 (+1.454%) Short selling $107.55M; Ratio 24.787% as part of preparation for its planned Hong Kong IPO, China Securities Journal learnt from inside sources.
Source: AAStock

TRIP.COM-S (09961.HK) Nails Offer Price at $268, Wooing $8.478B
13/04/2021 22:32
TRIP.COM-S (09961.HK) announced that the final offer price was determined at $268 per share, and the estimated total proceeds were $8.478 billion. The shares are expected to start trading on April 19.
Source: AAStock

TRIP.COM-S (09961.HK) IPO Over-subscribed by Over 16x, Frozen Capital Tops $12.5B: Rumor
13/04/2021 16:16
TRIP.COM-S (09961.HK) (TCOM.US) -2.010 (-5.402%) 's IPO was over-subscribed by more than 16 times, with frozen capital of approximately HK$12.5 billion, according to market sources.
The stock was said to be priced at HK$268 each, representing a discount of around 2% to its US closing price yesterday.
Source: AAStock

Telegram Mulls Listing in HK/ US Within 2 Yrs: Report
13/04/2021 09:43
Telegram is gearing up for an IPO within the coming two years, likely choosing to list on HKEX (00388.HK) +2.000 (+0.438%) Short selling $165.03M; Ratio 14.831% or the Nasdaq, Russia's Vedomosti citing several insiders.
The messaging app, which could be valued at US$30-50 billion, may go public through a traditional IPO model, direct listing or an SPAC merger.
Source: AAStock

TRIP.COM-S (09961.HK) Reportedly Priced at $268/Shr, 2% Discount vs US Stock
13/04/2021 09:04
TRIP.COM-S (09961.HK) (TCOM.US) -2.010 (-5.402%) , expected to go public on 19 April, priced its offer shares in the Hong Kong dual listing at HK$268 each, down 19.5% against the maximum offer price of HK$333, IFR citing insiders.
Based on Trip.com's US closing price of US$35.2 yesterday, it represented a discount of around 2% to the Hong Kong offer price of HK$268.
Source: AAStock

TRIP.COM-S (09961.HK) Records $4.6B Margin Subscription, Over-subscribed by Over 5.2x
12/04/2021 17:41
TRIP.COM-S (09961.HK) (TCOM.US) -1.340 (-3.476%) 's IPO registered approximately $4.6 billion margin as at around 5:30 pm according to brokers. Based on the public fundraising amount of about $737 million, the IPO was over-subscribed by more than 5.2 times.
Source: AAStock

Xiaodian Said to List in HK This Yr, 9.6% Owned by TENCENT
12/04/2021 12:02
Xiaodian Technology plans to go public in Hong Kong this year, set to file for listing as soon as this month, Chinese media citing insiders.
Founded in 2016, the Chinese portable battery-sharing startup recorded over 200 million registered users as of August 2020, with business coverage across 1,600 Mainland cities above the county level, according to its official website.
Xiaodian is now owned as to nearly 9.66% by TENCENT (00700.HK) -11.000 (-1.773%) Short selling $1.52B; Ratio 10.886% 's Linzhili New Information Technology (林芝利新信息技術).
Source: AAStock

Didi Chuxing Files for US IPO to Raise US$1B: Report
12/04/2021 09:12
Didi Chuxing has confidentially filed for an IPO with the U.S. Securities and Exchange Commission (SEC), aiming to raise US$1 billion, Bloomberg citing sources. Goldman Sachs (GS.US) +0.130 (+0.039%) and Morgan Stanley (MS.US) +0.390 (+0.486%) have been tapped as underwriters.
The Chinese ride-hailing firm is still exploring a secondary listing in Hong Kong later, according to the sources.
Source: AAStock

TRIP.COM-S (09961.HK) IPO Margin Over-subscribed by Over 4.2x So Far
09/04/2021 17:52
TRIP.COM-S (09961.HK) (TCOM.US) -0.260 (-0.670%) 's IPO has registered over $3.85 billion margin as at around 6:00 pm according to brokers. Based on the public fundraising amount of approximately $737 million, the IPO was over-subscribed by over 4.2 times.
Source: AAStock

LINKLOGIS-W (09959.HK) Closes at $19.32, Up 9.9% vs Listing Price
09/04/2021 16:11
LINKLOGIS-W (09959.HK) +1.740 (+9.898%) , on debut, settled the day at $19.32, up $1.74 or 9.9% against the listing price $17.58, on volume of 206 million shares and turnover of $3.924 billion.
Excluding the handling fees, a book gain of $870 was reported per board lot of 500 shares.
Source: AAStock

LINKLOGIS-W (09959.HK) Ends Midday at $19.18, Up 9.1% vs Listing Price
09/04/2021 12:07
LINKLOGIS-W (09959.HK) +1.600 (+9.101%) , on debut, ended the midday at $19.18, up 9.1% against the listing price of $17.58, on volume of 148 million shares and turnover of $2.8 billion.
Source: AAStock

LINKLOGIS-W (09959.HK) Opens Up 9.9% to $19.32 on Debut
09/04/2021 09:21
LINKLOGIS-W (09959.HK) +1.680 (+9.556%) , on debut, opened at $19.32, up 9.9% against the listing price of $17.58, on volume of 47.66 million shares in pre-market order.
Source: AAStock

LINKLOGIS–W (09959.HK) Closes at $18.28 in Gray Market, Up 4% vs Listing Price
08/04/2021 18:35
LINKLOGIS–W (09959.HK) closed at $18.28 in gray market, up 4% or $0.7 against the listing price of $17.58, on volume of 17.2 million shares and turnover of $314 million, PhillipMart data showed.
Excluding the handling fees, a book gain of $350 was reported per board lot of 500 shares.
Source: AAStock

TRIP.COM-S (09961.HK) IPO Margin Over-subscribed by 3x So Far
08/04/2021 18:04
TRIP.COM-S (09961.HK)'s IPO has registered almost $3 billion margin as at around 6:00 pm according to brokers. Based on the public fundraising amount of approximately $737 million, the IPO was over-subscribed by over three times.
Source: AAStock

TRIP.COM-S (09961.HK)'s Int'l Placing Purportedly Over-subscribed
08/04/2021 17:12
TRIP.COM-S (09961.HK), on debut for its secondary IPO in Hong Kong, had its international placing reported over-subscription, according to market sources.
Source: AAStock

LINKLOGIS–W (09959.HK) Opens Up 0.7% to $17.7 in Gray Mkt
08/04/2021 16:16
LINKLOGIS–W (09959.HK), to be listed tomorrow, opened at $17.7 in gray market, up 0.7% against the listing price of $17.58, PhillipMart data showed. It last posted at $17.1, down 2.7%, on volume of 230,000 shares.
Source: AAStock

LINKLOGIS–W (09959.HK) Priced at $17.58, One-lot Success Rate 20%
08/04/2021 09:35
LINKLOGIS–W (09959.HK), to be listed tomorrow, was priced at $17.58, slightly higher than the median of the offer price range $16.28-18.28, and over-subscribed by 97.46 times in the public offering. One-lot (500 shares) success rate was 20%.
Source: AAStock

TRIP.COM-S (09961.HK) Starts IPO Today, Entry Fee $16,817.78
08/04/2021 08:26
TRIP.COM-S (09961.HK), to be listed on 19 April, has started its secondary IPO in Hong Kong from today through 13 April.
The maximum offer price is HK$333 per share. Entry fee is around HK$16,817.78 per board lot of 50 shares.
Trip.com's U.S. closing price of US$38.81 is equivalent to around HK$302.11. In other words, the upper end of its Hong Kong offer price represents a premium of about 10% to its U.S. stock.
Source: AAStock

Deloitte: HK 1Q IPOs Woo $132.8B, 2nd Highest in World; FY20 Funds May Log New High
07/04/2021 12:53
Hong Kong's IPOs raised funds of $132.8 billion this quarter, up over eight times yearly, marking the highest-first-quarter record, Deloitte said. The fundraising amount ranked the second in the world, closely preceded by Nasdaq's, thanks to new economy stocks. KUAISHOU-W (01024.HK) -12.000 (-4.211%) Short selling $190.78M; Ratio 27.533% , BIDU-SW (09888.HK) +3.400 (+1.558%) Short selling $43.07M; Ratio 5.070% and BILIBILI-SW (09626.HK) +2.000 (+0.230%) Short selling $7.89M; Ratio 3.492% made up approximately 70% of the fundraising amount.
The accounting firm predicted there will be over ten secondary IPOs this year in Hong Kong, fetching over $100 billion, prompting local IPO market size this year to potentially zoom past almost-$450-billion new high as set in 2010.
Source: AAStock

Trip.com Passes Hearing for Up to US$2B HK IPO: Report
07/04/2021 09:41
Trip.com (TCOM.US) +0.490 (+1.235%) has passed its listing hearing at HKEX, said local media after foreign press had reported earlier that the Chinese online travel agency was pondering over a public offering to raise US$1-2 billion with CICC, Goldman Sachs and JPMorgan as its sponsors.
Source: AAStock

Trip.com Receives Stock Exchange's Approval for US$1-2B Secondary Listing: Wire
01/04/2021 16:09
Trip.com (TCOM.US) +0.070 (+0.177%) has received an approval from the Stock Exchange for its planned secondary listing in Hong Kong that will fetch US$1-2 billion, IFR learnt from insiders. The online travel agency will open book therefor next week the soonest.
Source: AAStock

Jack Ma-backed Brii Biosciences Said to Fetch US$300-400M from HK IPO This Quarter
01/04/2021 15:50
Brii Biosciences, underpinned by Jack Ma's Yunfeng Fund, after wrapping up the pre-IPO financing last week, plans to apply for listing in Hong Kong this quarter to fetch approximately US$300-400 million, Reuters' IFR quoted people with the knowledge of the matter. Goldman Sachs and UBS are purportedly set to lead the IPO.
The company is a Chinese biotech company, focusing on treatment of Covid virus and HIV.
AAStocks Financial News
Source: AAStock

ByteDance Plans to Spin off Douyin for New York/ HK IPO: Rumor (Correct)
01/04/2021 11:33
ByteDance plans to spin off Douyin for an IPO in New York or Hong Kong, Reuters citing sources. The Chinese internet behemoth recently weighs listing its short video app in New York, having considered a standalone IPO in Hong Kong earlier.
ByteDance also mulls over listing some operations including Toutiao on Shanghai’s STAR market or in Hong Kong.
(Correct: 2021-04-01 10:29:17 ByteDance Plans to Spin off Douyin for New York/ HK IPO: Rumor)
AAStocks Financial News
Source: AAStock

ByteDance Plans to Spin off Douyin for New York IPO, Mulls HK Standalone IPO Earlier: Rumor
01/04/2021 10:29
ByteDance plans to spin off Douyin for an IPO in New York or Hong Kong, Reuters citing sources. The Chinese internet behemoth recently weighs listing its short video app in New York, having considered a standalone IPO in Hong Kong earlier.
ByteDance also mulls over listing some operations including Toutiao on Shanghai’s STAR market or in Hong Kong.
AAStocks Financial News
Source: AAStock

Qiandama Mulls HK Listing to Raise Up to US$500M: Report
31/03/2021 16:56
Community-based fresh food chain Qiandama plans to undergo a Hong Kong IPO, aiming to raise up to US$500 million, reported Chinese media.
The Guangdong-based company has over 1,700 stores across the country. After five funding rounds, Qiandama has fetched a valuation of RMB8.5-10 billion.
AAStocks Financial News
Source: AAStock

Medlive Tech Said to Raise Around US$500M from HK IPO in 2Q21 Soonest
31/03/2021 15:34
Medlive Technology plans to go public in Hong Kong as soon as the second quarter, aiming to raise about US$500 million, IFR citing insiders.
The Chinese online platform specifically for clinicians and medical students had earlier filed for an IPO at the Stock Exchange.
AAStocks Financial News
Source: AAStock

Hey Tea CEO Shatters Rumored HK IPO This Yr
31/03/2021 15:26
Noting frequent rumors that Hey Tea is seeking an IPO, CEO Neo Nie Yunchen told Chinese media that they have no such plans for this year.
The market had rumored that the Chinese tea drink chain is working with CICC and UBS for the roadshow of its planned Hong Kong IPO in 2H21.
AAStocks Financial News
Source: AAStock

BAIRONG-W (06608.HK) Closes at $29.25 in Gray Mkt, Down 8% vs Listing Price
30/03/2021 18:53
BAIRONG-W (06608.HK), to be listed tomorrow, closed at $29.25 in gray market, down 8% or $2.55 against the listing price of $31.8, PhillipMart data showed. Excluding handling fee, the book loss was $1,275 per board lot size of 500 shares.
Source: AAStock

GogoX Mulls US$400-500M HK IPO This Yr Soonest: Wire
30/03/2021 17:46
Hong Kong-based logistics unicorn GogoX (formerly known as GoGoVan) is considering an IPO in Hong Kong as soon as this year, which may raise US$400-500 million and value the startup as high as US$2 billion, Bloomberg learnt from people with knowledge of the matter.
AAStocks Financial News
Source: AAStock

WM Tech Reportedly Files for US$1B HK IPO
30/03/2021 16:34
WM Tech, a Chinese operator of fresh department store, has filed an application for Hong Kong listing. Planning to pursue US$1 billion, the company targeted to raise US$1-2 billion as rumor had swirled last year, Reuters' IFR cited people with the knowledge of the matter.
AAStocks Financial News
Source: AAStock

BAIRONG-W (06608.HK) Tanks 10% in Gray Mkt after Opening Flattish at $31.8
30/03/2021 16:16
BAIRONG-W (06608.HK), to be listed tomorrow, opened at $31.8 in gray market, flattish with the listing price, PhillipMart data showed. It last posted at $28.6, down 10%, on volume of 190,000 shares.
Source: AAStock

UNITY ENT (02195.HK) Priced at Top End $0.56, One-lot Success Rate 30%
30/03/2021 16:11
UNITY ENT (02195.HK), to be listed tomorrow, was priced at $0.56, the upper limit of the offer price range $0.5-0.56, and over-subscribed by 20.65 times in public offering. One-lot (5,000 shares) success rate was 30%.
Source: AAStock

CN Beauty Brand E-commerce Provider 'eBeauty Holdings' Files for HK IPO
30/03/2021 15:19
eBeauty Holdings, China's largest beauty brand e-commerce enablement service provider, filed for an IPO on Main Board.
The company facilitated and generated GMV of RMB16.3 billion in China last year, topping the market chart with a share of 13.3%.
AAStocks Financial News
Source: AAStock

MEGAIN (06939.HK) Over-subscribed by 21x, One-lot Success Rate 40%
30/03/2021 09:11
MEGAIN (06939.HK), to be listed tomorrow, was priced at $1.26, roughly the median of the offer price range $1.15-1.35. The public offering was over-subscribed by 21.43 times. One-lot (2,000 shares) success rate was 40%.
Source: AAStock

Nio, XPeng Purportedly File for HK Secondary Listing
30/03/2021 09:07
Nio (NIO.US) -0.620 (-1.716%) and XPeng (XPEV.US) -0.740 (-2.302%) have submitted applications for secondary listing at the Hong Kong Stock Exchange confidentially, while Li Auto (LI.US) -1.100 (-4.641%) has not done so, Cailian Press cited people with the knowledge of the matter.
Source: AAStock

BAIRONG-W (06608.HK) Over-subscribed by 149x, One-lot Success Rate 10%
30/03/2021 09:04
BAIRONG-W (06608.HK), to be listed tomorrow, was priced at $31.8, the upper limit of the offer price range $26.5-31.8. The public offering was over-subscribed by 149.67 times. One-lot (500 shares) success rate was 10%.
Source: AAStock

58 Home's Car-hailing Firm Plans to Float in HK in 3Q: Report
29/03/2021 16:30
58 Home's short-haul car-hailing platform for freight, Kuai Gou Da Che (快狗打車), plans to float in Hong Kong in 3Q21, Chinese media reported. It is now in negotiation with HSBC and CICC etc. for listing matters.
Kuai Gou Da Che, formerly known as 58 Express, had its brand merged with GOGOVAN in 2017. The name Kuai Gou Da Che was stemmed from GOGOVAN's Chinese name. Investors included BABA-SW (09988.HK) +0.200 (+0.093%) Short selling $508.01M; Ratio 9.156% 's CAINIAO.
Source: AAStock

BILIBILI-SW (09626.HK) Closes at $790 Midday, Down 2.2% vs Listing Price
29/03/2021 12:00
On debut, BILIBILI-SW (09626.HK) -18.000 (-2.228%) closed the midday at HK$790, down 2.2% against the listing price of HK$808, yet being 4.7% above Bilibili (BILI.US) +1.430 (+1.495%) 's closing price of US$97.08 (equivalent to around HK$754.49) last Friday.
The half-day volume of BILIBILI-SW hit 1.64 million shares, involving HK$1.283 billion.
Source: AAStock

BILIBILI-SW: 'Black Swan' Appears when HK Debut Coincides with CN Concepts' Plunge; Targeted MAUs Double to 400M
29/03/2021 11:07
BILIBILI-SW (09626.HK) -28.000 (-3.465%) 's share price on debut in Hong Kong busted below its listing price. The Chairman cum CEO Chen Rui commented at the press conference that it was a black swan incident for China concepts posting steepest loss in five years when BILIBILI-SW debuts in Hong Kong, yet believing the company will prove its value in future.
In the Chairman's view, the company is an absolute pioneer amid PUGV's rivalry without any direct competitors. Given sufficiently large user room, the company's targeted monthly active users (MAUs) may double up to 400 million.
Source: AAStock

BILIBILI-SW (09626.HK) Opens at $790, Down 2.2% vs Listing Price
29/03/2021 09:31
BILIBILI-SW (09626.HK) -36.500 (-4.517%) , on debut, opened at $790, down 2.2% against the listing price of $808, on volume of 743,700 shares.
Source: AAStock

TENCENT-backed We Doctor May Purportedly File for HK Listing Application This Week
29/03/2021 09:09
We Doctor, backed by TENCENT (00700.HK) 0.000 (0.000%) Short selling $2.67B; Ratio 17.597% , has recently completed the over-US$400-million pre-listing financing, and is in preparation of prospectus information, as Chinese media cited sources.
It is expected that the company will file a listing application at the Stock Exchange as soon as this month. Projected to offer 15-20% shares, the company's market cap may whop US$15 billion.
Source: AAStock

Tencent-backed WeDoctor Said to File for IPO at HKEX Next Week
27/03/2021 11:28
The TENCENT (00700.HK) +14.000 (+2.310%) Short selling $2.67B; Ratio 17.597% -backed WeDoctor expected to file for an IPO at HKEX next week, foreign media reported.
The digital healthcare platform purportedly aims to offer 15%-20% of its share in the IPO, likely fetching a valuation of US$15 billion.
Source: AAStock

BILIBILI-SW (09626.HK) Closes at $755 in Gray Mkt, Down 6.6% vs Listing Price
26/03/2021 18:37
BILIBILI-SW (09626.HK), to be listed next Monday, closed at $755 in gray market, down 6.6% or $53 against the listing price of $808, PhillipMart data showed. Excluding handling fee, the book loss is $1,060 per board lot size of 20 shares.
Source: AAStock

BILIBILI-SW (09626.HK) Opens Down 6.7% to $753.5 in Gray Mkt
26/03/2021 16:15
BILIBILI-SW (09626.HK), to be listed next Monday, opened at $753.5 in gray market, down 6.7% against the listing price of $808, PhillipMart data showed. It last posted at $756, down 6.4%, on volume of 7,460 shares.
Source: AAStock

LINKLOGIS–W (09959.HK) Starts IPO Today, Entry Fee $9,232.1
26/03/2021 09:19
LINKLOGIS–W (09959.HK), to be listed on 9 April, has started IPO from today through 31 March.
Offer prices range $16.28-18.28. Entry fee is $9,232.1 per board lot of 500 shares.
Source: AAStock

BILIBILI-SW (09626.HK) Public Offering Over-subscribed by 173x; One-lot Success Rate 10%
26/03/2021 08:24
BILIBILI-SW (09626.HK) (BILI.US) -0.050 (-0.052%) announced that its HK IPO and international placing were over-subscribed by 173.19x and 10.9x. One-lot (20 shares) success rate was 10%.
The HK offer price was set at $808 per share, representing an approximate premium of 8.73% over Bilibili's ADR in the US, based on each ADR equivalent to one Class Z ordinary share.
The listing will be on next Monday (29 March).
Source: AAStock

PRC's Green Tea Group Purportedly Mulls US$200M HK IPO
25/03/2021 13:42
China's Green Tea Restaurant Group (綠茶餐飲管理) is in talks about a planned IPO in Hong Kong this year, which will according to its preliminary plan fetch roughly US$200 million, Chinese media reported.
AAStocks Financial News
Source: AAStock

ZHIXIN GP HLDG (02187.HK) Public Offering Over-subscribed by 24x, One-lot Success Rate 10%
25/03/2021 09:03
ZHIXIN GP HLDG (02187.HK), to be listed tomorrow, was priced at $1.5 and over-subscribed by 24.24 times in the public offering. One-lot (8,000 shares) success rate was 10%.
Source: AAStock

Didi Chuxing Intends to Pick US in Snub to HK for IPO, Valuation At Least US$100B: Report
24/03/2021 15:36
China’s top ride-hailing firm Didi Chuxing intends to turn to the US for its IPO instead of Hong Kong, Reuters quoted multiple people with the knowledge of the matter. The target valuation is at least US$100 billion, representing a ballooned amount over the previously rumored.
Another source within the circle of the firm disclosed the company may consider a secondary listing in Hong Kong if it is able to move along the US IPO.
AAStocks Financial News
Source: AAStock

BAIRONG-W (06608.HK) Priced at Top End: Wire
24/03/2021 12:47
Chinese AI-powered technology platform BAIRONG-W (06608.HK) plans to price its shares at $31.8 each, the upper limit of the offer price range $26.5-31.8, IFR citing insiders.
Source: AAStock

Linklogis Purportedly Clears HK Listing Hearing, IPO on Fri Soonest; TENCENT Biggest Shareholder
24/03/2021 08:27
Linklogis, with TENCENT (00700.HK) +6.500 (+1.034%) Short selling $941.67M; Ratio 10.185% being the largest shareholder, and STANCHART (02888.HK) 0.000 (0.000%) Short selling $408.03K; Ratio 1.370% and GIC being investors, has passed the listing hearing in Hong Kong, the market sources said.
The Chinese supply chain fintech solution provider is expected to start public offering as soon as this Friday (26 March), wooing over $8 billion, Hong Kong Economic Journal reported. Entry fee is $9,120.99 for one lot.
Source: AAStock

BILIBILI-SW (09626.HK) Freezes $130B with 270K Subscribers: Report
24/03/2021 08:23
BILIBILI-SW (09626.HK) was over subscribed by over 170 times and froze more than $130 billion in capital, after initially recording 270,000 subscribers, Hong Kong Economic Journal learnt from market rumors.
Source: AAStock

BILIBILI-SW (09626.HK) Sets HK Offer Price at $808
23/03/2021 17:18
BILIBILI-SW (09626.HK) announced that the final offer prices for both the International Offering and the Hong Kong Public Offering have been set at HK$808 per Offer Share
The gross proceeds from the Global Offering, before deducting underwriting fees and the offering expenses, are expected to be approximately HK$20.2 billion (assuming the Over-allotment Option is not exercised).
Source: AAStock

BIDU-SW (09888.HK) Closes Flat at $252
23/03/2021 16:17
On debut, BIDU-SW (09888.HK) 0.000 (0.000%) Short selling $19.49M; Ratio 0.829% concluded the trade at $252, flattish with the listing price, on volume of 14.62 million shares and turnover of $3.702 billion.
Source: AAStock

BIDU-SW (09888.HK) Closes Up 0.2% to $252.6 Midday
23/03/2021 12:04
BIDU-SW (09888.HK) +0.600 (+0.238%) , on debut, finished the midday at $252.6, up 0.2% against the listing price $252, on half-day volume of 9.26 million shares and turnover of $2.351 billion.
Source: AAStock

BAIRONG-W (06608.HK) Closes Int'l Placing Ahead of Schedule: Report
23/03/2021 10:38
Chinese AI-powered technology platform BAIRONG-W (06608.HK) is closing books for international placing at 17:00 today, a day ahead of schedule, IFR learnt from market sources.
Source: AAStock

BIDU-SW (09888.HK) Opens Up 0.8% to $254
23/03/2021 09:22
BIDU-SW (09888.HK) +2.800 (+1.111%) , on debut, opened at $254, up 0.8% against the listing price of $252, on volume of 2.16 million shares in pre-market orders.
Source: AAStock

BILIBILI-SW (09626.HK) Reportedly Prices HK Offer Shr at $808, Discount of 2.6% vs US Stock
23/03/2021 09:13
BILIBILI-SW (09626.HK) (BILI.US) -1.980 (-1.819%) proposed to price its offer shares in Hong Kong at $808 each, down over 18.2% against the maximum offer price of $988, as Chinese media cited people with the knowledge of the matter.
Each American Depositary Share is equivalent to 1 Class Z common stock. The HK offer price represented a discount of 2.65% to the closing price of US stocks at US$106.88 per share.
Source: AAStock

Baidu (BIDU.US) Ends Up 3.4%, with 2.5% Premium to HK Listing Price
23/03/2021 08:35
Baidu (BIDU.US) +8.660 (+3.363%) closed up 3.4% to USD266.13 (roughly HKD2,066.7). Each of its ADSs represents eight Class A ordinary shares (equivalent to HKD258.3 per share).
In other words, Baidu's US closing price represented a 2.5% premium to BIDU-SW (09888.HK) +3.000 (+1.190%) 's offer price HKD252.
Source: AAStock

Information are sourced from AAStock

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