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IPO News

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

BIDU-SW (09888.HK) Closes at $254.8 in Gray Mkt, Up 1.1% vs Listing Price
22/03/2021 18:32
BIDU-SW (09888.HK), to be listed tomorrow, closed at $254.8 in gray market, up 1.1% or $2.8 against the listing price of $252, PhillipMart data showed. Excluding handling fee, the book gain is $140 per board lot size of 50 shares.
Source: AAStock

BILIBILI-SW (09626.HK) Records $42.9B Margin Subscription, Over-subscribed by 56.9x
22/03/2021 17:52
BILIBILI-SW (09626.HK) (BILI.US) +0.040 (+0.037%) 's IPO registered approximately $42.9 billion margin as at around 6:00 pm according to brokers. Based on the public fundraising amount of $741 million, the IPO was over-subscribed by about 56.9 times.
Source: AAStock

BIDU-SW (09888.HK) Opens Down 0.8% to $250 in Gray Mkt
22/03/2021 16:15
BIDU-SW (09888.HK), to be listed tomorrow, opened at $250 in gray market, down 0.8% against the listing price of $252, PhillipMart data showed. It last posted at $254, up 0.8%, on volume of 30,000 shares.
Source: AAStock

Anjuke Plans to Float in HK This Yr, Wooing Min. US$1B: Wire
22/03/2021 12:33
Anjuke, a Chinese property network backed by 58.com, plans to float on Hong Kong bourse this year to raise at least US$1 billion, Reuters' IFR reported. People with the knowledge of the matter said the company is now working with Bank of America, CICC and Credit Suisse.
AAStocks Financial News
Source: AAStock

Li Auto, Nio, XPeng Nail Down Sponsor Teams for HK Listing: Wire
22/03/2021 10:59
Li Auto (LI.US) +1.220 (+4.868%) , Nio (NIO.US) +1.590 (+3.809%) and XPeng (XPEV.US) +2.490 (+7.110%) have engaged banks for their planned Hong Kong listings this year, people with knowledge of the matter were quoted as saying by IFR.
Nio has picked Credit Suisse and Morgan Stanley for its secondary listing, while XPeng has named Bank of America and JP Morgan and Li Auto is working with Goldman Sachs and UBS.
Source: AAStock

BIDU-SW (09888.HK) Public Offering Over-subscribed by 111x, Priced at $252; One-lot Success 15%
22/03/2021 08:32
BIDU-SW (09888.HK) announced that it had originally planned for Hong Kong public offering which accounted for 5%. As the offering was over-subscribed by 111.01 times, the company decided to increase the proportion to 12% upon reallocation. One-lot (50 shares) success rate is 15%.
The offer price is set at $252 per share. The listing is expected to be on 23 March.
Source: AAStock

BILIBILI-SW (09626.HK)'s IPO Over-subscribed by 34x
19/03/2021 18:10
BILIBILI-SW (09626.HK) (BILI.US) -2.530 (-2.272%) 's IPO registered approximately $26.2 billion margin as at around 6:00 pm according to brokers. Based on the public fundraising amount of $741 million, the IPO was over-subscribed by about 34.4 times.
Source: AAStock

Didi Chuxing Aims for HK IPO in 3Q21 Soonest, Target Valuation Tops US$60B: Rumor
19/03/2021 14:08
Didi Chuxing could file for a 3Q21 listing in Hong Kong next quarter, Chinese media citing sources.
The Chinese ride-hailing firm may tap Goldman Sachs as its sponsor, aiming to fetch a valuation of over US$60 billion.
AAStocks Financial News
Source: AAStock

Medbanks Purportedly Pondering on US$1B HK IPO in 2H21
19/03/2021 12:14
Medbanks, China's medical service ecological platform, is pondering on flotation in Hong Kong in the second half of the year, wooing approximately US$1 billion, Reuters' IFR quoted sources.
Its shareholders included TENCENT (00700.HK) -12.500 (-1.952%) Short selling $600.08M; Ratio 11.037% , F-Prime Capital and IDG Capital.
Source: AAStock

BAIRONG-W (06608.HK) Starts IPO Today, Entry Fee $16,060.22
19/03/2021 09:37
BAIRONG-W (06608.HK) fixed its offer price range at $26.5-31.8 per share. Entry fee is $16,060.22 per board lot of 500 shares.
The company, to be listed on 31 March, has started IPO from today through 24 March.
Source: AAStock

UNITY ENT (02195.HK) Starts IPO Today, Entry Fee $2,828.22
19/03/2021 09:24
UNITY ENT (02195.HK) fixed its offer price range at $0.5-0.56 per share. Entry fee is $2,828.22 per board lot of 5,000 shares.
The company, to be listed on 31 March, has started IPO from today through 24 March.
Source: AAStock

360 Digitech (QFIN.US) Poised for HK Listing
19/03/2021 09:08
360 Digitech (QFIN.US) +1.040 (+3.196%) revealed at the conference call that it is poised to float its shares on Hong Kong's bourse. Processing related technical problem, the company is at the preliminary stage of filing the listing application.
Source: AAStock

BILIBILI-SW (09626.HK)'s IPO Over-subscribed by 21x
18/03/2021 17:55
BILIBILI-SW (09626.HK) (BILI.US) -1.960 (-1.730%) 's IPO registered almost $16.6 billion margin as at around 6:00 pm according to brokers. Based on the public fundraising amount of $741 million, the IPO was over-subscribed by about 21.4 times.
Source: AAStock

DAHSING BANKING (02356.HK) Unrolls BILIBILI-SW (09626.HK) IPO Shr Subscription Offer
18/03/2021 17:45
DAHSING BANKING (02356.HK) -0.070 (-0.769%) Short selling $159.25K; Ratio 2.763% announced the introduction of a BILIBILI-SW (09626.HK) IPO share subscription package. Clients will be exempted from loan application fees and entitled to loan rates as low as 1.88% when applying for BILIBILI-SW margin subscription at its branches.
Source: AAStock

Brokers' Latest Ratings, TPs on Bilibili (BILI.US) (Table)
18/03/2021 12:45
Brokers│Investment Ratings│TPs (US$)
JPMorgan│Overweight│205
UBS│Buy│185
Morgan Stanley│Overweight│180
BofA Securities│Buy│168
Citigroup│Buy│166
Daiwa│Buy│165
Jefferies│Buy│162
Goldman Sachs│Buy│160
BOC International│Buy│157.5
HSBC Global Research│Buy│157
Nomura│Buy│156
CCB International│Outperform│155
Credit Suisse│Neutral│150
CICC│Outperform│141
BILIBILI-SW (09626.HK) has started Hong Kong public offering from today.
Source: AAStock

M Stanley's Valuation, Rev CAGR Forecast on Bilibili (BILI.US) vs Peers (Table)
18/03/2021 12:43
- CN online entertainment firms
Stocks│2021E P/S│2022E P/S│2020-23E Rev CAGR
Bilibili (BILI.US) -1.960 (-1.730%) │12.7x│8.9x│-
KUAISHOU-W (01024.HK) +8.800 (+2.817%) Short selling $170.81M; Ratio 15.941% │11.8x│7.6x│40%
NTES-S (09999.HK) -3.300 (-1.947%) Short selling $61.09M; Ratio 31.150% │5.6x│4.7x│19%
Tencent Music (TME.US) +1.440 (+5.442%) │8.5x│7.2x│18%
iQIYI (IQ.US) +0.530 (+2.078%) │4x│3.4x│13%
Momo (MOMO.US) -0.960 (-5.707%) │1.5x│1.4x│19%
JOYY (YY.US) +1.350 (+1.166%) │2.2x│1.8x│15%
Weibo (WB.US) +0.190 (+0.378%) │6.1x│5.5x│12%
- other CN Internet firms
Stocks│2021E P/S│2022E P/S│2020-23E Rev CAGR
BABA-SW (09988.HK) +13.200 (+5.930%) Short selling $863.36M; Ratio 11.222% │4.7x│3.9x│21%
TENCENT (00700.HK) +20.000 (+3.203%) Short selling $1.20B; Ratio 15.386% │9x│7.4x│22%
Baidu (BIDU.US) +10.350 (+3.880%) │4.6x│3.8x│-
MEITUAN-W (03690.HK) +16.200 (+4.978%) Short selling $260.97M; Ratio 6.424% │8.8x│6.4x│39%
JD-SW (09618.HK) +4.800 (+1.459%) Short selling $76.87M; Ratio 12.137% │1x│0.8x│18%
Pinduoduo (PDD.US) -11.430 (-7.104%) │14.5x│10.1x│46%
- US Internet firms
Stocks│2021E P/S│2022E P/S│2020-23E Rev CAGR
Facebook (FB.US) +4.730 (+1.694%) │6.9x│5.8x│24%
Twitter (TWTR.US) +0.950 (+1.374%) │11x│8.8x│28%
Snap (SNAP.US) +1.630 (+2.621%) │21.6x│14.3x│54%
Source: AAStock

G Sachs' Forecast on BILIBILI-SW (09626.HK)'s 2021-23 Results (Table)
18/03/2021 12:41
Goldman Sachs issued a report on March 16, setting out the performance forecast for BILIBILI-SW (09626.HK) (BILI.US) -1.960 (-1.730%) from 2021 to 2023:
Performance breakdown│2020 (RMB)│2021E (RMB)│2022E (RMB)│2023E (RMB)
Total revenue│12 billion│19.265 billion│27.974 billion│37.811 billion
Year-on-year change in total revenue│+77%│+60.6%│+45.2%│+35.2%
EBITDA│-1.033 billion│-1.228 billion│1.446 billion│5.716 billion
EBIT│-2.755 billion│-3.271 billion│-1.181 billion│2.419 billion
Profit before tax│-2.506 billion│-3.21 billion│-1.136 billion│2.49 billion
Source: AAStock

BILIBILI-SW (09626.HK) Starts IPO Today, Offer Price Top End 27% Higher Than Brokers' TP Median
18/03/2021 12:36
BILIBILI-SW (09626.HK) has started IPO from today through 23 March.
The brokers' target prices on Bilibili (BILI.US) -1.960 (-1.730%) range US$134.1-224 (roughly US$1,041.57-1,739.84). The median, US$162 or roughly HK$1,257.83 per H-share, represented a 27.3% premium to the top end of Hong Kong offer prices.
Source: AAStock

Tencent-backed Linklogis Said to Run Hearing for US$500M IPO: Wire
18/03/2021 10:22
Chinese supply chain fintech service provider Linklogis, backed by TENCENT (00700.HK) +21.000 (+3.363%) Short selling $1.29B; Ratio 10.788% , is having a hearing today for its planned listing to raise US$500 million in Hong Kong, IFR reported.
It is expected that if the company attains the clearance, it will start a pre-roadshow next week.
Source: AAStock

BILIBILI-SW (09626.HK)'s Placing Fully Subscribed: Report
18/03/2021 10:19
The placing in BILIBILI-SW (09626.HK) (BILI.US) -1.960 (-1.730%) 's Hong Kong secondary listing has been fully subscribed, IFR citing people familiar with the sources.
Source: AAStock

BILIBILI-SW (09626.HK) Starts IPO Today, Offer Price Top End 10%+ Higher Than US Closing Price
18/03/2021 08:30
BILIBILI-SW (09626.HK)(BILI.US) -1.960 (-1.730%) , to be listed on 29 March, has started IPO from today through 23 March. Entry fee is $19,959.12 per board lot of 20 shares.
It closed down 1.73% yesterday to US$111.35 in the US. On the basis of 1 ADS to 1 class-Z ordinary share, each H share amounts to HK$864.55, representing roughly 12.5% discount to the Hong Kong offer price.
Source: AAStock

BIDU-SW (09888.HK) Priced at $252 to Rise $23.9B
18/03/2021 04:37
BIDU-SW (09888.HK) announced that the final offer prices for both the International Offering and the Hong Kong Public Offering have been set at HK$252 per Share. Shares of the Company are expected to begin trading on March 23.
The gross proceeds to the Company from the Global Offering are expected to be HK$23.94 billion.
Source: AAStock

Bilibili (09626.HK) IPO from Tmr; Entry Fee $19,959.12
17/03/2021 19:20
Bilibili (09626.HK)(BILI.US) 0.000 (0.000%) announced that it will start IPO from tomorrow (18 March) through next Tuesday (23 March). The listing is planned on 29 March. Morgan Stanley, Goldman Sachs, JPMorgan and UBS are joint sponsors.
Entry fee is $19,959.12 per board lot size of 20 shares.
Source: AAStock

Bilibili (09626.HK) HK IPO Caps Shr Price at $988, Wooing Max. $24.7B: Report
17/03/2021 18:08
Bilibili (09626.HK)(BILI.US) 0.000 (0.000%) plans for a secondary listing in Hong Kong by issuing 25 million Class Z shares, of which 750,000 shares, or about 3%, will be for public offering in Hong Kong, Bloomberg cited sources. The remaining 24.25 million shares will be for the international placement.
The highest offer price is $988 per share. The maximum amount of funds raised is $24.7 billion.
Source: AAStock

MEGAIN (06939.HK) Mulls Launching 600+ New Printer Chips Next 3 Yrs
17/03/2021 17:18
MEGAIN Holding (06939.HK) CEO Wang Hua depicted the diversified demand from consumers, who have more requirements for printing volume and cloud printing functions.
The company will be developing 198 printer chips this year, while planning to create 107 and 303 more types next two years, he revealed.
Source: AAStock

MEGAIN Holding (06939.HK) IPO Tmr; Entry Fee $2,727.2
17/03/2021 17:14
MEGAIN Holding (06939.HK)'s offer price will range $1.15-1.35 each, raising up to around $168 million.
The IPO will start from tomorrow through next Tuesday (23 March). The company will fix its price on 23 March and go public on 31 March.
Entry fee is approximately $2,727.2 per board lot size of 2,000 shares.
Source: AAStock

BIDU-SW (09888.HK) Priced at $252, 2.7% Shy of US Closing Price: Wire
17/03/2021 12:18
BIDU-SW (09888.HK), to be listed next Tuesday, plans to price its shares at $252 each, 14.57% below its highest indicative price $295 and a nearly 2.7% discount to its US closing price yesterday, IFR citing inside sources.
Source: AAStock

BIDU-SW (09888.HK)'s IPO Over-subscribed by 33x
16/03/2021 18:06
BIDU-SW (09888.HK)'s IPO registered approximately $47.35 billion margin as at around 6:00 pm according to brokers. Based on the public fundraising amount of $1.401 billion, the IPO was over-subscribed by 32.8 times.
Source: AAStock

Bilibili Clears HK Listing Hearing; 19% Stake Owned by Tencent, Baba in Total So Far
16/03/2021 16:35
Bilibili (BILI.US) +1.660 (+1.509%) has cleared the listing hearing of Stock Exchange, set to undergo a secondary listing in Hong Kong.
The Chinese video platform is owned as to around 12.4% by TENCENT (00700.HK) +2.500 (+0.398%) Short selling $935.34M; Ratio 7.567% , and held as to 6.7% by BABA-SW (09988.HK) 0.000 (0.000%) Short selling $507.34M; Ratio 10.977% 's Taobao as of end-January 2021.
Source: AAStock

SG's Esco Mulls US$300-500M HK IPO This Yr: Wire
16/03/2021 14:19
Singaporean life science company Esco plans to go public in Hong Kong as soon as this year, probably in the fourth quarter, to raise US$300-500 million, IFR learnt from insiders.
AAStocks Financial News
Source: AAStock

ZHIXIN GP HLDG (02187.HK) Starts IPO Today, Entry Fee $12,120.92
16/03/2021 09:11
ZHIXIN GP HLDG (02187.HK), to be listed on 26 March, has started IPO from today through 19 March.
The offer price is $1.5 per share. Entry fee is $12,120.92 per board lot of 8,000 shares.
Source: AAStock

JIUJIUWANG (01927.HK) Closes at $0.75 in Gray Mkt, Flattish vs Listing Price
15/03/2021 18:32
JIUJIUWANG (01927.HK) closed at $0.75 on the gray market, flattish against the listing price, on volume of 34.1 million shares and turnover of $25.4 million, PhillipMart data showed.
Source: AAStock

BIDU-SW (09888.HK)'s IPO Margin Over-subscribed by 29.5x
15/03/2021 17:58
BIDU-SW (09888.HK)'s IPO registered over $42.76 billion margin as at around 6:00 pm according to brokers. Based on the public fundraising amount of $1.401 billion, the IPO was over-subscribed by 29.5 times.
Source: AAStock

JIUJIUWANG (01927.HK) Opens Up 1.3% to $0.76 in Gray Market
15/03/2021 16:16
JIUJIUWANG (01927.HK) opened at $0.76 in gray market, up 1.3% against the listing price of $0.75, PhillipMart data showed. It last posted at $0.78, up 4 %, on volume of 5.30 million shares.
Source: AAStock

AUTOHOME-S (02518.HK) Closes Up 2.1% to $180
15/03/2021 16:12
AUTOHOME-S (02518.HK) +3.700 (+2.099%) , on debut, concluded the trade at $180, up $3.7 or 2.1% against the listing price $176.3, on volume of 3.66 million shares and turnover of $666 million.
Excluding the handling fees, a book gain of $370 was reported per board lot of 100 shares.
Source: AAStock

Bairong Inc. Pre-roadshow Now, Likely Raising US$500M: Report
15/03/2021 12:36
Bairong Inc. is carrying out a pre-roadshow for its listing in Hong Kong by weighted voting rights (WVR), potentially raising approximately US$500 million, Reuters' IFR cited sources. The company has cleared the listing hearing with sponsors being Morgan Stanley, CICC and CMBC Capital.
AAStocks Financial News
Source: AAStock

AUTOHOME-S (02518.HK) Closes Up 2.4% to $180.5 Midday
15/03/2021 12:01
AUTOHOME-S (02518.HK) +4.200 (+2.382%) , on debut, finished the midday at $180.5, up 2.4% against the listing price $176.3, on half-day volume of 2.28 million shares and turnover nearly $420 million.
Source: AAStock

JIUJIUWANG (01927.HK) Over-subscribed by 213x, One-lot Success Rate 9%
15/03/2021 08:39
JIUJIUWANG (01927.HK), to be listed tomorrow, was priced at $0.75, the upper limit of the offer price range $0.65-0.75.
The public offering was over-subscribed by 213.46 times. One-lot (5,000 shares) success rate was 9%.
Source: AAStock

AUTOHOME-S (02518.HK) Closes at $188.5 in Gray Market, Up 6.9% vs Listing Price
12/03/2021 18:34
AUTOHOME-S (02518.HK) closed at $188.5 in gray market, up 6.9% or $12.2 against the listing price of $176.3, on volume of 669,000 shares and turnover of $126 million, PhillipMart data showed.
Excluding the handling fees, a book gain of $1,220 was reported per board lot of 100 shares.
Source: AAStock

BIDU-SW (09888.HK)'s IPO Margin Over-subscribed by 16.3x
12/03/2021 17:54
BIDU-SW (09888.HK)'s IPO registered almost $24.2 billion margin as at around 6:00 pm according to brokers. Based on the public fundraising amount of $1.401 billion, the IPO was over-subscribed by approximately 16.3 times.
Source: AAStock

HANG SENG BANK Rains BIDU-SW (09888.HK) IPO Subscription Offers
12/03/2021 16:31
HANG SENG BANK (00011.HK) -1.000 (-0.656%) Short selling $92.11M; Ratio 24.962% announced the launch of BIDU-SW (09888.HK)'s IPO subscription offers from the 12th to the 17th of March. Through Hang Seng Invest Express' App, customers can be waived from the $100 subscription fee. The actual annual interest rate is as low as 0.9%.
Source: AAStock

AUTOHOME-S (02518.HK) Opens Up About 4% to $183.3 in Gray Market
12/03/2021 16:17
AUTOHOME-S (02518.HK) opened at $183.3 in gray market, up around 4% against the listing price of $176.3, PhillipMart data showed. It last posted at $189.5, up 7.5%, on volume of 51,000 shares.
Autohome (ATHM.US) +2.980 (+3.066%) closed up 2.9% last night to US$100.
Source: AAStock

Broker's Valuation Forecast on BIDU-SW (09888.HK) vs Firms Comparable (Table)
12/03/2021 15:56
Stocks│2021 P/E forecasts│2021 P/S forecasts
Baidu (BIDU.US) +17.240 (+6.757%) │26.2x│5.5x
BABA-SW (09988.HK) -1.600 (-0.703%) Short selling $167.54M; Ratio 4.131% │25.7x│6.4x
TENCENT (00700.HK) -30.000 (-4.409%) Short selling $1.03B; Ratio 17.741% │38.1x│9.8x
NTES-S (09999.HK) -2.700 (-1.587%) Short selling $62.44M; Ratio 27.350% │27.2x│5.9x
MEITUAN-W (03690.HK) -11.600 (-3.366%) Short selling $225.40M; Ratio 5.162% │-│10.6x
Weibo (WB.US) +0.860 (+1.651%) │26x│7.7x
JD-SW (09618.HK) -17.400 (-4.823%) Short selling $343.11M; Ratio 18.501% │48.9x│1.2x
Vipshop (VIPS.US) +0.350 (+0.832%) │22.8x│1.4x
BAOZUN-SW (09991.HK) +0.100 (+0.089%) Short selling $346.56K; Ratio 4.261% │37.5x│2.3x
Pinduoduo (PDD.US) +14.260 (+9.626%) │176.5x│19.7x
Trip.com (TCOM.US) +1.860 (+4.703%) │101x│6.6x
JOYY (YY.US) +13.320 (+11.657%) │25.7x│2.4x
Source: AAStock

M Stanley's 2020-22 Result Forecast on BIDU-SW (09888.HK) (Table)
12/03/2021 15:55
Items│2020E│2021E│2022E
Total rev│$107.074B (-0.3% YoY)│$128.705B (+20.2% YoY)│$152.895B (+18.8% YoY)
-Search & feed rev│$67.336B│$77.318B│$85.11B
-Other core biz rev│$11.349B│$20.15B│$31.7B
-Rev from iQIYI (IQ.US) -0.140 (-0.503%) │$29.707B│$32.699B│$37.837B
Operating profit│$14.34B│$17.269B│$27.9B
NP attributable to shareholders│$22.472B (+9.9x YoY)│$17.746B (-21% YoY)│$25.474B (+43.5% YoY)
Non-GAAP NP attributable to shareholders│$22.02B (+21.1% YoY)│$24.15B (+9.7% YoY)│$33.116B (+37.1% YoY)
GPM│48.5%│48.6%│52.1%
In terms of RMB
Source: AAStock

BIDU-SW (09888.HK) Starts IPO Today; Max. Offer Price Implies 23% Potential Upside to Brokers' Median Valuation
12/03/2021 15:53
Under secondary listing in Hong Kong, BIDU-SW (09888.HK) (BIDU.US) +17.240 (+6.757%) has started IPO from today through 17 March, aiming to raise up to nearly HK$28.03 billion (based on the maximum offer price of HK$295). Entry fee is almost $14,899 per board lot of 50 shares. The Main Board listing is expected to take place on 23 March.
According to brokers' forecast as complied by our reporters, the target prices of Baidu's US shares range US$221-407, representing HK$214.32-394.7 per H share. The median assumption is US$374, equivalent to HK$362.7 per H share, up 22.9% from the stock's maximum listing price in Hong Kong. 21 out of 25 brokers rated the US share at Buy, Overweight, Outperform Peers or Outperform Market.
Source: AAStock

Bilibili Said to Clear HK Listing Hearing, Run IPO Next Week Soonest to Raise US$3B
12/03/2021 12:05
Bilibili (BILI.US) +7.340 (+7.119%) cleared the listing hearing of Stock Exchange, set to kick off its IPO work as soon as next week to raise around US$3 billion, foreign media citing insiders.
However, details of its Hong Kong secondary listing have yet to be finalized.
Source: AAStock

BIDU-SW (09888.HK) 2nd HK IPO Fully Subscribed: Report
12/03/2021 10:38
The secondary listing of BIDU-SW (09888.HK) in Hong Kong has been fully subscribed, reported IFR.
BIDU-SW's entry fee is almost $14,899 per board lot of 50 shares.
Source: AAStock

AUTOHOME-S (02518.HK) Priced at $176.3, One-lot Success Rate 35%
12/03/2021 09:38
AUTOHOME-S (02518.HK) was priced at $176.3, below its previously-announced indicative offer price $251.8.
10.7 times of subscription was recorded in its public offering. One-lot success rate was 35%.
Source: AAStock

MORIMATSU INTL (02155.HK) Holds Off Listing
12/03/2021 09:03
MORIMATSU INTL (02155.HK), previously scheduled to go public on 15 March, announced that additional time is necessary to finalize the Announcement and to obtain clearance from the regulators, so there will be a delay in the listing timetable of the Company.
Source: AAStock

BIDU-SW (09888.HK) Starts 2nd HK IPO Today, Entry Fee Nears $14,899
12/03/2021 08:02
Under secondary listing in Hong Kong, BIDU-SW (09888.HK) fixed its maximum offer price at $295 each to raise up to nearly $28.03 billion. Entry fee is almost $14,899 per board lot of 50 shares.
BIDU-SW has started IPO from today through 17 March, expecting to be listed on Main Board on 23 March.
Source: AAStock

Baidu to Start US$3B+ Public Offering Tmr: Wire
11/03/2021 14:11
Chinese search engine developer Baidu will initiate its Hong Kong public offering tomorrow and sell roughly 4% of its shares, which will fetch at least US$3 billion, sources with direct knowledge of the matter were quoted as saying by Reuters.
AAStocks Financial News
Source: AAStock

RS MACALLINE (01528.HK) Purportedly Mulls Spinning Off Biz Mgmt Arm for HK IPO
11/03/2021 10:44
RS MACALLINE (01528.HK) +0.090 (+1.935%) Short selling $417.04K; Ratio 10.979% 's business management segment, Aegean, is now working on a planned IPO in Hong Kong, valued RMB12-15 billion, Chinese media learnt from insiders.
Source: AAStock

NTES-S (09999.HK) Said to Spin off Music Biz for 2022 HK IPO
11/03/2021 09:01
NTES-S (09999.HK) -3.106 (-1.848%) Short selling $169.92M; Ratio 19.978% seeks to spin off NetEase Cloud Music for listing in Hong Kong, with substantial progress in preparations, Jiemian citing sources. An IPO application could be filed next year.
NTES-S launched its cloud music business in 2013, while boasting more than 800 million users in 2Q19.
Source: AAStock

KWONG LUEN ENG (01413.HK) Closes at $0.56 in Gray Mkt, Up 3.7% vs Listing Price
10/03/2021 18:32
KWONG LUEN ENG (01413.HK) closed at $0.56 on the gray market, up 2 cents or 3.7% against the listing price of $0.54, on volume of 29.1 million shares and turnover of $16 million, PhillipMart data showed.
Source: AAStock

APM Monaco Finalizes Sponsor Team for HK IPO: Wire
10/03/2021 16:49
Hong Kong-based European jeweler APM Monaco has tapped CICC and Morgan Stanley as sponsors for its planned IPO in Hong Kong which will raise roughly US$300-500 million, IFR learnt from insiders.
AAStocks Financial News
Source: AAStock

KWONG LUEN ENG (01413.HK) Opens Up 11% to $0.6 in Gray Market
10/03/2021 16:16
KWONG LUEN ENG (01413.HK), to be listed tomorrow, opened at $0.6 in gray market, up 11% against the listing price of $0.54, PhillipMart data showed. It last posted at $0.55, up 1.9%, on volume of 4.16 million shares.
Source: AAStock

CHEERWIN GP (06601.HK) Closes at $7.99, Down 13% vs Listing Price
10/03/2021 16:10
On debut, CHEERWIN GP (06601.HK) -1.210 (-13.152%) closed at $7.99, down $1.21 or 13% against the listing price of $9.2, on volume of 216 million shares and turnover of $1.7 billion. Excluding the handling fees, a book loss of $605 was reported per board lot of 500 shares.
Source: AAStock

CHEERWIN GP (06601.HK) Closes at $7.92 Midday, Down 14% vs Listing Price
10/03/2021 12:16
On debut, CHEERWIN GP (06601.HK) -1.280 (-13.913%) closed the midday at $7.92, down 14% against the listing price of $9.2, on half-day volume of 162 million shares, involving $1.286 billion.
Source: AAStock

CHEERWIN GP (06601.HK) Opens Down 14% to $7.89
10/03/2021 09:20
CHEERWIN GP (06601.HK) -1.230 (-13.370%) , on debut, opened at $7.89, down 14% against the listing price $9.2, on volume of 43.88 million shares in pre-market orders.
Source: AAStock

KWONG LUEN ENG (01413.HK) Over-subscribed by 53x, One-lot Success Rate 4.7%
10/03/2021 08:34
KWONG LUEN ENG (01413.HK), to be listed tomorrow, was priced at $0.54, the upper limit of the offer price range $0.5-0.54.
53.29 times of over-subscription was recorded in the public offering. One-lot (5,000 shares) success rate was 4.7%.
Source: AAStock

AUTOHOME-S (02518.HK) Priced at $176.3/Shr for HK 2nd Listing
10/03/2021 08:22
AUTOHOME-S (02518.HK) (ATHM.US) -2.580 (-2.679%) will issue 30.2912 million shares under the secondary listing in Hong Kong, with a final offer price of $176.3 per share, down nearly 30% from the upper end of the price range ($251.8). The company expects to go public on Main Board on 15 March.
Source: AAStock

CHEERWIN GP (06601.HK) Closes at $7.36 in Gray Mkt, Down 20% vs Listing Price
09/03/2021 18:31
CHEERWIN GP (06601.HK) closed at $7.36 on the gray market, down 20% or $1.84 against the listing price of $9.2, on volume of 15.5 million shares and turnover of $111 million. Excluding handling fee, the book loss is $920 per board lot size.
Source: AAStock

AUTOHOME-S (02518.HK)'s HK Secondary Listing Prices Stock at $176.3/ Shr: Report
09/03/2021 17:53
AUTOHOME-S (02518.HK) (ATHM.US) -13.830 (-12.557%) priced its stock at HK$176.3 per share for its secondary listing in Hong Kong, Bloomberg reported. On the basis of one-ADR-for-four-H-shares, the price represented an about 5.5% discount to the ADR.
Source: AAStock

CHEERWIN GP (06601.HK) Opens Down 15% to $7.8 in Gray Mkt
09/03/2021 16:18
CHEERWIN GP (06601.HK), to be listed tomorrow, opened at $7.8 in gray market, down over 15% against the listing price of $9.2, PhillipMart data showed. It last posted at $6.9, down 25%, on volume of 2.30 million shares.
Source: AAStock

Abbisko Therapeutics Seeks US$250M HK IPO This Yr: Wire
09/03/2021 15:29
Chinese biotech firm Abbisko Therapeutics is in touch with consultation institutes for its planned IPO in Hong Kong as soon as this year, which will fetch roughly US$250 million, Bloomberg citing insiders.
AAStocks Financial News
Source: AAStock

HUTCHMED Seeks Roughly US$500M HK IPO in 1H21 Soonest: Wire
09/03/2021 13:48
CKH HOLDINGS (00001.HK) +2.250 (+3.716%) Short selling $140.07M; Ratio 18.029% -backed HUTCHMED (HCM.US) -2.220 (-7.305%) , listed in the U.S. and London, is working with CICC and Morgan Stanley for a plan to float its shares in Hong Kong as soon as 1H21, which will raise roughly US$500 million, IFR learnt from inside sources.
Source: AAStock

Li Auto, Nio, Xpeng Seek HK IPO This Yr Soonest: Wire
09/03/2021 13:40
Li Auto (LI.US) -1.130 (-5.031%) , Nio (NIO.US) -2.980 (-7.805%) and Xpeng (XPEV.US) -1.130 (-4.029%) plan to offer at least 5% of their enlarged share capital in their planned listing in Hong Kong as soon as this year, Reuters learnt from insiders.
Based on their closing price on Monday, their IPO proceeds may approximate US$5.0 billion.
Source: AAStock

CHEERWIN GP (06601.HK) Priced at Top End, One-lot Success Rate 50%
09/03/2021 08:37
CHEERWIN GP (06601.HK), to be listed tomorrow, was priced at $9.2, the upper limit of the offer price range $7.8-9.2.
171.32 times of over-subscription was recorded in the public offering. One-lot (500 shares) success rate was 50%.
Source: AAStock

CN JDB Group Said to Go Public in HK, Seeking US$300M Pre-IPO Financing (Correct)
08/03/2021 18:14
JDB Group is planning to go public in Hong Kong, while reaching out to advisers and prospective investors for pre-IPO financing, Bloomberg citing insiders. The Chinese beverage maker aims to raise at least US$300 million in funds.
JDB was founded in 1995, mainly selling herbal tea and the Snow Mountains-branded bottled mineral water, according to JDB's website.
(Correct: 2021-03-08 17:22:21 CN JDB Group Said to Go Public in HK, Seeking US$300M Pre-IPO Financing)
AAStocks Financial News
Source: AAStock

AUTOHOME-S (02518.HK)'s IPO Margin Over-subscribed by Over 3x
08/03/2021 17:39
AUTOHOME-S (02518.HK) (ATHM.US) -2.480 (-2.202%) 's IPO registered about $3.1 billion margin as at around 5:30 pm according to brokers. Based on the public fundraising amount of approximately $762 million, the IPO was over-subscribed by approximately 3.07 times.
Source: AAStock

CN JDB Group Said to Go Public in HK to Raise At Least US$300M
08/03/2021 17:22
JDB Group is planning to go public in Hong Kong, while reaching out to advisers and prospective investors, Bloomberg citing insiders. The Chinese beverage maker aims to raise at least US$300 million in funds.
JDB was founded in 1995, mainly selling herbal tea and the Snow Mountains-branded bottled mineral water, according to its website.
AAStocks Financial News
Source: AAStock

Bilibili Purportedly Intends to Clear HK Listing Hearing This Week
08/03/2021 12:17
Bilibili (BILI.US) -7.820 (-6.174%) is in pursuit of clearing the listing hearing in Hong Kong this week, possibly raising US$3 billion, foreign media reported. The sponsors are Goldman Sachs, Morgan Stanley, JP Morgan and UBS.
Source: AAStock

AUTOHOME-S (02518.HK)'s IPO Margin Soars to $2.56B, Over-subscribed by 2.35x
05/03/2021 18:09
AUTOHOME-S (02518.HK)'s IPO registered nearly $2.56 billion margin as at around 6 pm according to brokers. Based on the public fundraising amount of approximately $762 million, the IPO was over-subscribed by approximately 2.35 times.
Source: AAStock

Zhihu Mulls US IPO, Mar's Pre-marketing to Raise US$1B
05/03/2021 17:19
Zhihu plans to conduct a pre-marketing for US IPO as early as this month, aiming to raise US$1 billion, reported IFR. The underwriting team includes Goldman Sachs, Morgan Stanley and Credit Suisse.
The Chinese Q&A platform had introduced investors like Baidu (BIDU.US) -17.210 (-6.195%) and TENCENT (00700.HK) -11.000 (-1.594%) Short selling $2.75B; Ratio 14.877% earlier.
Source: AAStock

Baidu's Secondary Listing in HK Reportedly Cleared, Debut within Mth Fastest
05/03/2021 08:24
Baidu (BIDU.US) -17.210 (-6.195%) has been given greenlight for a secondary listing in Hong Kong by HKEX (00388.HK) -9.400 (-1.946%) Short selling $475.75M; Ratio 11.449% 's Listing Committee, expected to complete the listing procedure as fast as this month, SCMP quoted people with the knowledge of the matter.
Earlier report had said the Chinese search engine behemoth will pursue up to US$3.5 billion, with one of the sponsors being Goldman Sachs.
Baidu's spokesman refused to comment on the report.
Source: AAStock

AUTOHOME-S (02518.HK)'s IPO Margin Whops $2.32B, Over-subscribed by Over 2x
04/03/2021 18:06
AUTOHOME-S (02518.HK)'s IPO registered approximately $2.32 billion margin as at around 6 pm according to five local brokers. Based on the public fundraising amount of approximately $762 million, the IPO was over-subscribed by over two times.
Source: AAStock

Ting Hsin Int'l's Dicos: IPO Plan In Place, yet without Specific Progress
04/03/2021 16:21
TINGYI (00322.HK) -0.040 (-0.245%) Short selling $14.64M; Ratio 26.501% 's substantial shareholder, Ting Hsin International Group, is pondering on ring-fence of its mainland catering business for listing in Hong Kong, as report had previously said. In response, Ting Hsin's Dicos said it has plan for IPO, yet no specific progression has been made so far, Beijing Business Today reported.
Story spread that Ting Hsin will strip off Dicos and Master Kong Chef's Table for Hong Kong's listing, expected to fetch US$800 million.
Source: AAStock

Keep Said to Seek US IPO in 2Q21
04/03/2021 10:31
Keep is applying for an IPO in the U.S. as soon as 2Q21, Chinese media learnt from inside sources. The Chinese sports tech firm replied that there is no news about its listing at this moment.
Keep had announced earlier the completion of a US$360 million Series F financing led by SoftBank Vision Fund, and introduced Hillhouse Capital as one of the investors. Existing shareholders such as TENCENT (00700.HK) -25.000 (-3.458%) Short selling $2.08B; Ratio 15.974% also made investment. The market estimated its valuation to reach US$2 billion.
Source: AAStock

AUTOHOME-S (02518.HK) IPO Tmr; Entry Fee About $25,433
03/03/2021 21:17
AUTOHOME-S (02518.HK) (ATHM.US) -4.725 (-4.004%) announced its secondary listing plan in Hong Kong by issuing 30.2912 million shares.
The public offer price in Hong Kong will not exceed $251.8 per share. The IPO will start tomorrow (4 March) and end next Tuesday (9 March).
Listing is expected on 15 March. Entry fee is approximately $25,433.74 per board lot size of 100 shares.
Source: AAStock

SCICLONE PHARMA (06600.HK) Closes Flattish at $18.8
03/03/2021 16:10
SCICLONE PHARMA (06600.HK) 0.000 (0.000%) , on debut, concluded the trade at $18.8, flattish with the listing price, on volume of 55.72 million shares and turnover of $1.047 billion.
Source: AAStock

Geely-backed Ecarx to Seek US$600M+ HK IPO in 2H21 Soonest: Wire
03/03/2021 15:44
Ecarx, backed by GEELY AUTO (00175.HK) +0.150 (+0.578%) Short selling $29.10M; Ratio 6.480% 's parent Zhejiang Geely, plans to go public in Hong Kong, which will raise at least US$600 million, IFR reported.
The smart car tech startup is in talks with Morgan Stanley, UBS and other banks for its planned IPO as soon as 2H21, said insiders.
Source: AAStock

CHEERWIN GP (06601.HK) Priced at Top End to Raise $3.06B: Wire
03/03/2021 13:49
CHEERWIN GP (06601.HK), to be listed on March 10, plans to price its shares at the upper limit of the offer price range to raise $3.06 billion, IFR learnt from insiders.
Source: AAStock

SCICLONE PHARMA (06600.HK) Closes Down 1.8% to $18.46 Midday
03/03/2021 12:06
SCICLONE PHARMA (06600.HK) -0.340 (-1.809%) , on debut, finished the midday at $18.46, down 1.8% against the listing price $18.8, on half-day volume of 37.69 million shares and turnover of $707 million.
Source: AAStock

Autohome's Said to Set Offer Price Top End at $251.8, Raise Up to $7.63B
03/03/2021 09:51
Chinese concept stock Autohome (ATHM.US) +1.565 (+1.344%) plans to set its offer price cap at $251.8 per share for its planned secondary listing in Hong Kong which will fetch up to around $7.63 billion, said market rumors.
Source: AAStock

SCICLONE PHARMA (06600.HK) Opens Down 1.6% to $18.5
03/03/2021 09:22
SCICLONE PHARMA (06600.HK) -0.560 (-2.979%) , on debut, opened the trade at $18.5, down 1.6% against the listing price $18.8, on volume of 15.61 million shares in pre-market orders.
Source: AAStock

TINGYI's Major Shareholder Ting Hsin Int'l Said to Ring-fence CN Catering Biz for HK Listing
03/03/2021 09:06
TINGYI (00322.HK) +0.460 (+2.915%) Short selling $24.69M; Ratio 11.535% 's substantial shareholder, Ting Hsin International Group, is pondering on ring-fence of its mainland catering business for listing in Hong Kong, expected to fetch US$800 million, Bloomberg cited people with the knowledge of the matter.
Report said Ting Hsin International, a Taiwan food merchant, is aggressively approaching investment banks for assistance in listing affairs.
Source: AAStock

TW's Ting Hsin Int'l Said to Ring-fence CN Catering Biz for HK Listing
03/03/2021 09:06
TINGYI (00322.HK) +0.180 (+1.141%) Short selling $24.69M; Ratio 11.535% 's substantial shareholder, Ting Hsin International Group, is pondering on ring-fence of its mainland catering business for listing in Hong Kong, expected to fetch US$800 million, Bloomberg cited people with the knowledge of the matter.
Report said Ting Hsin International, a Taiwan food merchant, is aggressively approaching investment banks for assistance in listing affairs.
Source: AAStock

SCICLONE PHARMA (06600.HK) Closes at $19.18 in Gray Mkt, Up 2% vs Listing Price
02/03/2021 18:36
SCICLONE PHARMA (06600.HK) closed at $19.18 on the gray market, up 2% or $0.38 against the listing price of $18.8, on volume of 6.95 million shares and turnover of $134 million. Excluding handling fee, the book gain is $190 per board lot size of 500 shares.
Source: AAStock

SCICLONE PHARMA (06600.HK) Opens Up 6.4% to $20 in Gray Mkt
02/03/2021 16:15
SCICLONE PHARMA (06600.HK), to be listed tomorrow, opened at $20 in gray market, up 6.4% against the listing price of $18.8, PhillipMart data showed. It last posted at $19, up 1.1% against the listing price, on volume of 220,000 shares.
Source: AAStock

Tencent-backed WeDoctor Reportedly Taps C Suisse, CICC, G Sachs into Listing Team, May Debut in 1H21
02/03/2021 15:50
TENCENT (00700.HK) -4.500 (-0.646%) Short selling $1.98B; Ratio 20.243% -backed WeDoctor will float on Hong Kong stock market this year, capturing US$2-3 billion, Reuters' IFR reported.
People with the knowledge of the matter said the company intends to tap Credit Suisse, CICC and Goldman Sachs into its listing team, and cooperate with CMB International, Citigroup and JPMorgan.
The transaction is expected to finish as brisk as the first half of the year. WeDoctor pursues a valuation of US$15 billion, report furthered.
Source: AAStock

Paul Chan: Explores Allowing SPAC Listing in HK
02/03/2021 14:19
Financial Secretary Paul Chan told Bloomberg that the Government is exploring allowing listing of special purpose acquisition companies (SPAC) in the city.
HKEX (00388.HK) -1.200 (-0.245%) Short selling $529.67M; Ratio 14.588% and financial regulators have been told to look into having SPACs list in a bid to allow new fundraising arrangements and to uphold investors protection, said Chan.
Source: AAStock

Baidu Said to Run Listing Hearing This Week Soonest, Target March's Listing as Bilibili
02/03/2021 10:08
Baidu (BIDU.US) +12.120 (+4.276%) is seeking to be given green light for its listing hearing as soon as this week, or next, as the Chinese search engine targets to finish its US$5-billion secondary listing in Hong Kong in March, Chinese media reported.
Another Chinese concept stock Bilibili (BILI.US) +18.700 (+14.845%) also predicted to run its listing hearing next week, modeled to fetch approximately US$3 billion, said the report.
Source: AAStock

CN-concept Autohome Passes HK Listing Hearing, PING AN Is Substantial Shareholder
02/03/2021 09:03
The US-listed China-concept stock Autohome (ATHM.US) +2.310 (+2.024%) , having passed the listing hearing in Hong Kong, is expected to initiate public offering soon, as revealed by the Stock Exchange's data.
The joint sponsors are CICC, Goldman Sachs and Credit Suisse. Rumor had earlier spread that the company tends to raise approximately US$1 billion.
Autohome's substantial shareholder is Yun Chen Capital, an affiliate of PING AN (02318.HK) +0.600 (+0.627%) Short selling $885.22M; Ratio 40.166% , holding approximately 49% stake in Autohome pre-listing.
Source: AAStock

SCICLONE PHARMA (06600.HK) Over-subscribed by 1,067x, One-lot Success Rate 3%
02/03/2021 08:39
SCICLONE PHARMA (06600.HK), to be listed tomorrow, was priced at $18.8, the upper limit of the offer price range $17.2-18.8.
1,067.05 times of over-subscription was recorded in the public offering. One-lot (500 shares) success rate was 3%.
Source: AAStock

Baba-backed Qiniu Cloud Mulls US IPO This Yr to Raise US$300-500M
01/03/2021 16:18
Qiniu Cloud plans to go public in the United States this year to raise US$300-500 million, purportedly working with advisors on the IPO right now, reported IFR.
The Chinese cloud computing and data service provider had raised RMB1 billion in its 2017 funding round led by BABA-SW (09988.HK) +2.200 (+0.947%) Short selling $1.11B; Ratio 18.444% and Yunfeng Capital.
Source: AAStock

Top Glove Said to Pool Max. US$1.9B from HK Listing
01/03/2021 12:31
Top Glove, the world’s biggest rubber glove maker in Malaysia, is pursuing a dual primary listing in Hong Kong by issuing up to 1.49 billion shares and pooling a maximum of US$1.9 billion, Bloomberg reported. The listing is expected to become the biggest ever by a Malaysian company in Hong Kong.
Top Glove is listed on the Malaysian Stock Exchange as primary listing, and as the secondary listing on the Singapore Stock Exchange. The company has filed the listing application to the Stock Exchange recently.
AAStocks Financial News
Source: AAStock

CARsgen Therapeutics Files For US$300M Main Board Listing: Wire
01/03/2021 11:03
CARsgen Therapeutics has lodged an application for listing on the Main Board, with Goldman Sachs and UBS as its joint sponsors.
The Chinese clinical-stage biopharmaceutical company plans to raise US$300 million, IFR learnt from inside sources.
AAStocks Financial News
Source: AAStock

Tencent-backed Tuya Smart Set to Raise US$1B in US IPO, Starts Pre-Marketing: Rumor
01/03/2021 10:30
The TENCENT (00700.HK) +26.500 (+4.000%) Short selling $2.92B; Ratio 11.713% -backed Tuya Smart plans to raise US$1 billion by listing in the United States, having started pre-marketing and is working with Morgan Stanley, Bank of America and CICC, IFR citing sources.
Source: AAStock

BOSS Zhipin Plans for 2H21 US IPO to Raise US$500M: Rumor
26/02/2021 17:24
BOSS Zhipin plans to go public in the U.S. for the second half of 2021, aiming to raise about US$500 million, IFR citing insiders.
The Chinese recruitment site was founded in 2013, likely being owned as to nearly 10% by TENCENT (00700.HK) -29.000 (-4.194%) Short selling $2.92B; Ratio 11.713% .
Source: AAStock

JOINN (06127.HK) Closes Down 8.6% to $138, Book Loss $1,300
26/02/2021 16:39
JOINN (06127.HK) -13.000 (-8.609%) , on debut, concluded the day at $138, down $13 or 8.6% against the listing price $151, on volume of 11.667 million shares and turnover of $1.675 billion.
Excluding the handling fees, a book loss of $1,300 was reported per board lot of 100 shares.
Source: AAStock

SenseTime Said to File for A+H Concurrent Listing in 2H21
26/02/2021 15:45
The AI startup SenseTime has internally ignited its plan for concurrent listing in Hong Kong and China, aiming to file the listing application in the second half of the year, Chinese media reported. CICC is one of the tentative sponsors.
SenseTime declined to comment on the market rumor.
AAStocks Financial News
Source: AAStock

PRC's UCO May Seek Over US$300M HK IPO
26/02/2021 15:10
Chinese online cosmetic retailer UCO is considering an IPO in Hong Kong as soon as this year, which may raise at least US$300 million, people familiar with the matter were quoted as saying by Bloomberg.
AAStocks Financial News
Source: AAStock

Autohome Passes Hearing for US$1B HK Secondary Listing: Wire
26/02/2021 14:29
Autohome (ATHM.US) -4.050 (-3.328%) has passed hearing at the Stock Exchange for its planned secondary listing that will raise roughly US$1 billion, IFR learnt from inside sources.
Source: AAStock

JOINN (06127.HK) Closes at $142.8 Midday, Down 5.4% vs Listing Price
26/02/2021 12:15
On debut, JOINN (06127.HK) -8.200 (-5.430%) closed the midday at $142.8, down 5.4% against the listing price of $151, on half-day volume of 8.68 million shares, involving $1.253 billion.
Source: AAStock

CHEERWIN GP (06601.HK) Starts IPO Today, Entry Fee $4,646.35
26/02/2021 09:23
CHEERWIN GP (06601.HK), to be listed on 10 March, has started IPO from today through 3 March.
Offer prices range $7.8-9.2. Entry fee is $4,646.35 per board lot of 500 shares.
Source: AAStock

JOINN (06127.HK) Opens Down 2% to $148 on Debut
26/02/2021 09:21
JOINN (06127.HK) -10.900 (-7.219%) , on debut, opened at $148, down 2% against the listing price of $151, on volume of 4.15 million shares in pre-market orders.
Source: AAStock

JIUJIUWANG (01927.HK) Starts IPO Today, Entry Fee $3,787.79
26/02/2021 09:12
JIUJIUWANG (01927.HK), to be listed on 16 March, has started IPO from today through 5 March.
Offer prices range $0.65-0.75. Entry fee is $3,787.79 per board lot of 5,000 shares.
Source: AAStock

KWONG LUEN ENG (01413.HK) Starts IPO, Entry Fee $2,727.21
26/02/2021 08:46
KWONG LUEN ENG (01413.HK), to be listed on 11 March, has started IPO from today through 3 March.
Offer prices range $0.5-0.54. Entry fee is $2,727.21 per board lot of 5,000 shares.
Source: AAStock

JOINN (06127.HK) Opens Down 6% to $142 in Gray Mkt
25/02/2021 16:16
JOINN (06127.HK), to be listed tomorrow, opened at $142 in gray market, down 6% against the listing price of $151, PhillipMart data showed. It last posted at $139.1, down 7.9%, on volume of 82,000 shares.
Source: AAStock

Tencent-backed WeDoctor to Apply for HK IPO Mar Soonest with Nearly US$7B Valuation: Wire
25/02/2021 14:00
WeDoctor plans to file for an IPO in Hong Kong as soon as next month after fetching US$6.8 billion in valuation from its latest funding round, Bloomberg learnt from people familiar with the matter.
The TENCENT (00700.HK) +13.500 (+1.965%) Short selling $1.57B; Ratio 16.170% -backed online healthcare platform refused to comment on the news about its fundraising and planned IPO.
Source: AAStock

JOINN (06127.HK) Priced at Top End, Over-subscribed by 309x
25/02/2021 08:58
JOINN (06127.HK), to be listed tomorrow, was priced at $151, the upper limit of the offer price range $133-151.
309 times of over-subscription was recorded in the public offering. One-lot (100 shares) success rate was 5%.
Source: AAStock

SCICLONE PHARMA (06600.HK)'s IPO Over-subscribed by 1,067x: Rumor
24/02/2021 18:03
SCICLONE PHARMA (06600.HK), whose public offering has closed today, recorded over 430,000 subscribers, representing 1,067 times of over-subscription, freezing approximately $235.1 billion, said market rumors.
Source: AAStock

Yisheng Biopharma Secures US$130M Financing before HK IPO
24/02/2021 13:22
Yisheng Biopharma has secured US$130 million from private financing, co-led by Oceanpine and OrbiMed, ahead of its planned IPO in Hong Kong this year, IFR reported.
AAStocks Financial News
Source: AAStock

SCICLONE PHARMA (06600.HK)'s IPO Margin Whops $63.4B, Over-subscribed by Nearly 290x
23/02/2021 18:02
SCICLONE PHARMA (06600.HK)'s IPO registered margin of nearly $63.4 billion granted by brokers as at around 6 pm. Based on the public fundraising amount of about $218 million, the IPO was over-subscribed by more than 289.7 times.
Source: AAStock

Weibo Picks Sponsors for 2H21 2nd Listing in HK, May Raise US$700M: Rumor
23/02/2021 17:35
Weibo (WB.US) -1.400 (-2.345%) has engaged Goldman Sachs, Credit Suisse and so on in its Hong Kong's secondary listing, Reuters citing insiders.
The Chinese social media platform aims to go public in the second half of 2021 to raise up to US$700 million.
Source: AAStock

Trip.com Aims for HK IPO in Apr to Raise US$1-2B: Rumor
23/02/2021 17:30
Trip.com Group (TCOM.US) +1.010 (+2.590%) aims for a secondary listing in Hong Kong in April to raise US$1-2 billion, IFR citing sources.
Trip.com had filed an application for a secondary listing at HKEX prior to Chinese New Year, and tapped CICC, Goldman Sachs and JPMorgan as joint sponsors, according to earlier rumors.
Source: AAStock

SCICLONE PHARMA (06600.HK) Priced at Top End to Raise $2.18B: Wire
23/02/2021 14:11
SCICLONE PHARMA (06600.HK) plans to price its shares at the upper limit of the offer price range $17.2-18.8 to raise roughly $2.18 billion, IFR learnt from insiders.
Source: AAStock

FWD Shifts to SG IPO/ SPAC Merger on Failure to Meet WVR Requirement in HK: Rumor
23/02/2021 12:36
Richard Li's FWD plans to go public in Singapore or merge with a US-listed SPAC in order to maintain its dual-class share structure, reported IFR.
FWD had reportedly aimed for a Hong Kong IPO by mid-2021 to fetch US$3 billion. However, the insurer does not qualify for listing in the city, as the Stock Exchange only allows innovation companies to go public through a weighted voting right (WVR) share structure.
AAStocks Financial News
Source: AAStock

SCICLONE PHARMA (06600.HK)'s IPO Margin Whops $52.4B, Over-subscribed by 239x
22/02/2021 17:58
SCICLONE PHARMA (06600.HK)'s IPO registered margin of nearly $52.4 billion granted by brokers as at around 6 pm. Based on the public fundraising amount of about $218 million, the IPO was over-subscribed by 239 times.
Source: AAStock

JOINN (06127.HK) Priced at Top End $151: Wire
22/02/2021 09:27
JOINN (06127.HK), to be listed on 26 February, plans to price its shares at $151 each, the upper limit of the offer price range $133-151, to raise roughly $6.542 billion, IFR learnt from insiders.
Source: AAStock

Trip.com Files for Secondary Listing in HK: Report
20/02/2021 19:17
Trip.com Group (TCOM.US) +1.000 (+2.632%) has officially filed an application for a secondary listing at HKEX (00388.HK) +1.500 (+0.265%) Short selling $268.09M; Ratio 7.941% , and tapped CICC, Goldman Sachs and JPMorgan as its listing sponsors, according to Chinese media.
Source: AAStock

SCICLONE PHARMA (06600.HK)'s IPO Margin Whops $33.5B, Over-subscribed by 153x
19/02/2021 18:04
SCICLONE PHARMA (06600.HK)'s IPO registered margin of approximately $33.58 billion granted by local brokers as at around 6 pm. Based on the public fundraising amount of about $218 million, the IPO was over-subscribed by 153 times.
Source: AAStock

JOINN (06127.HK) Over-subscribed by Over 310x with $184B Frozen Capital: Rumor
19/02/2021 17:15
JOINN (06127.HK)'s IPO purportedly lured over 540,000 subscribers, being initially over-subscribed by more than 310 times. The frozen capital approximated $184 billion.
The stock was expected to be priced at the top end $151, raising around $6.542 billion.
Source: AAStock

PANGAEA CONNECT (01473.HK) Closes at $0.71, Up 27% vs Listing Price
19/02/2021 16:13
PANGAEA CONNECT (01473.HK) +0.150 (+26.786%) , on debut, concluded the day at $0.71, up 15 cents or nearly 27% against the listing price $0.56, on volume nearly 402 million shares and turnover of $294 million.
Excluding the handling fees, a book gain of $600 was reported per board lot of 4,000 shares.
Source: AAStock

Tencent-backed Missfresh Starts IPO Plan, Geared for Pre-IPO Financing: Rumor
19/02/2021 15:06
The TENCENT (00700.HK) -1.500 (-0.201%) Short selling $1.03B; Ratio 9.955% -backed Missfresh has kicked off a listing plan and is gearing up for pre-IPO financing, reported Chinese media.
The Chinese e-commerce platform has been in touch with several financial institutions for funding, reportedly picking Goldman Sachs as the leading investment banker. Details like the venue and schedule of IPO have yet to be disclosed.
Source: AAStock

Tencent-backed Missfresh Starts IPO Plan, Ready for Pre-IPO Financing: Rumor
19/02/2021 15:06
The TENCENT (00700.HK) -3.000 (-0.401%) Short selling $1.03B; Ratio 9.955% -backed Missfresh has kicked off a listing plan and is gearing up for pre-IPO financing, reported Chinese media.
The Chinese e-commerce platform has been in touch with several financial institutions for funding, reportedly picking Goldman Sachs as the lead investment banker. Details like the venue and schedule of IPO have yet to be disclosed.
Source: AAStock

PANGAEA CONNECT (01473.HK) Closes at $0.74 Midday, Up 32% vs Listing Price
19/02/2021 12:03
PANGAEA CONNECT (01473.HK) +0.180 (+32.143%) , on debut, settled the midday at $0.74, up 32% against the listing price $0.56, on half-day volume of 361 million shares and turnover of $264 million.
Source: AAStock

PANGAEA CONNECT (01473.HK) Opens at $0.67, Up Nearly 20% vs Listing Price
19/02/2021 09:21
PANGAEA CONNECT (01473.HK) +0.120 (+21.429%) , on debut, opened at $0.67, up almost 20% against the listing price of $0.56, on volume of 105 million shares in pre-market orders.
Source: AAStock

PANGAEA CONNECT (01473.HK) Closes at $0.63 in Gray Mkt, Up 12.5% vs Listing Price
18/02/2021 18:32
PANGAEA CONNECT (01473.HK), to be listed tomorrow, closed at $0.63 in gray market, up 12.5% or 7 cents against the listing price of $0.56, on turnover of $39.7 million, PhillipMart data showed. Excluding handling fee, the book gain was $280 per board lot size of 4,000 shares.
Source: AAStock

Sina Weibo Plans HK IPO This Yr: Report
18/02/2021 18:29
Sina Weibo plans to float on Hong Kong's stock market this year, as Bloomberg cited sources.
AAStocks Financial News
Source: AAStock

JOINN (06127.HK)'s IPO Margin Whops $53B, Over-subscribed by 89x
18/02/2021 18:15
JOINN (06127.HK)'s IPO registered margin of nearly $53 billion granted by numerous local brokers as at around 6 pm. Based on the public fundraising amount of about $588 million, the IPO was over-subscribed by about 89 times.
JOINN has closed subscription for its international placing today, a day ahead of schedule, after recording full subscription, IFR citing inside sources.
Source: AAStock

SciClone Pharmaceuticals (06600.HK) IPO Tmr; Entry Fee $9,494.7
18/02/2021 18:02
SciClone Pharmaceuticals (06600.HK) announced that it will start IPO from tomorrow (19 February) through next Wednesday (24 February). With an offer price ranging $17.2-18.8 per share, the IPO will raise up to approximately $2.181 billion.
Excluding the handling fee, the entry fee is approximately $9,494.72 per board lot size of 500 shares. The listing is expected on 3 March. Morgan Stanley, CICC and Credit Suisse are joint sponsors.
Source: AAStock

PANGAEA CONNECT (01473.HK) Opens at $0.68 in Gray Mkt, Up 21%+
18/02/2021 16:16
PANGAEA CONNECT (01473.HK), to be listed tomorrow, opened at $0.68 in gray market, up over 21% against the listing price of $0.56, PhillipMart data showed. It last posted at $0.57, up 1.8%, on volume of 2.26 million shares.
Source: AAStock

NH HEALTH-B (06606.HK) Closes at $84, Up 2.15x vs Listing Price
18/02/2021 16:09
NH HEALTH-B (06606.HK) +57.340 (+215.079%) , on debut, settled the day at $84, up $57.34 or 2.15 times against the listing price $26.66, on volume of 66.31 million shares and turnover of $5.089 billion.
Excluding the handling fees, a book gain of $28,670 was reported per board lot of 500 shares.
Source: AAStock

Dingdong Fresh Said to Seek US$300M+ US IPO
18/02/2021 15:01
Chinese raw food delivery platform Dingdong Fresh (叮咚買菜) is working on its planned U.S. IPO that will raise at least US$300 million, Cailian Press reported.
AAStocks Financial News
Source: AAStock

Cheerwin Group Starts Roadshow for Roughly US$300-400M HK IPO: Wire
18/02/2021 11:43
Chinese home care and personal care product manufacturer Cheerwin Group, backed by Liby Group, has started roadshow for its about-US$300-400 million IPO in Hong Kong, with CICC and Morgan Stanley as its joint sponsors, IFR learnt from insiders.
AAStocks Financial News
Source: AAStock

JOINN (06127.HK) Closing Int'l Placing Ahead of Schedule: Wire
18/02/2021 10:34
JOINN (06127.HK) will close subscription for its international placing at 5pm today, a day ahead of schedule, after recording full subscription, IFR citing inside sources.
Source: AAStock

PANGAEA CONNECT (01473.HK) Over-subscribed by 63x, One-lot Success Rate 15%
18/02/2021 08:34
PANGAEA CONNECT (01473.HK), to be listed tomorrow, was priced at $0.56, slightly above the median of the offer price range $0.52-0.58.
63.15 times of over-subscription was recorded in the public offering. One-lot (4,000 shares) success rate was 15%.
Source: AAStock

NH HEALTH-B (06606.HK) Closes at $69.3 in Gray Mkt, Up 1.6x vs Listing Price
17/02/2021 18:33
NH HEALTH-B (06606.HK), to be listed tomorrow, closed at $69.3 in gray market, up 159.9% or $42.64 against the listing price of $26.66, on volume of 7.65 million shares and turnover of $536 million, PhillipMart data showed. Excluding handling fee, the book gain was $21,320 per board lot size of 500 shares.
Source: AAStock

JOINN (06127.HK)'s IPO Tracks Margin of $27B, Over-subscribed by Over 45x
17/02/2021 18:00
JOINN (06127.HK)'s IPO registered margin of nearly $27 billion granted by numerous local brokers as at around 6 pm. Based on the public fundraising amount of about $588 million, the IPO was over-subscribed by 44.8 times.
Source: AAStock

NH HEALTH-B (06606.HK) Opens at $58.4 in Gray Mkt, Up 1.2x
17/02/2021 16:16
NH HEALTH-B (06606.HK), to be listed tomorrow, opened at $58.4 in gray market, up 1.2 times against the listing price of $26.66, PhillipMart data showed. It last posted at $79, up 1.96 times, on volume of 180,000 shares.
Source: AAStock

Cheerwin Group Clears HK Listing Hearing, Soon to Debut
17/02/2021 15:34
Cheerwin Group published its PHIP on 16 February, according to the document on the Stock Exchange. This means the company has cleared the listing hearing and ready for listing in Hong Kong.
AAStocks Financial News
Source: AAStock

JD Logistics May Valued US$40B after Roughly US$4B IPO in 2Q: Wire
17/02/2021 15:23
JD Logistics is set to go public in the second quarter after having lodged a listing application at Main Board, IFR reported.
The company may raise roughly US$4 billion, which may value it up to US$40 billion.
AAStocks Financial News
Source: AAStock

NH HEALTH-B (06606.HK) Over-subscribed by 4,132x, One-lot Success Rate 2%
17/02/2021 08:20
NH HEALTH-B (06606.HK), to be listed tomorrow (18 February), recorded 4,132.19 times of over-subscription in the public offering.
The stock was priced at $26.66, the upper limit of the offer price range $22.7-26.66. One-lot (500 shares) success rate was 2%.
Source: AAStock

JD Logistics Files Preliminary Prospectus for HK IPO; JD's ADR Soars 3.9% Pre-mkt
16/02/2021 20:27
JD-SW (09618.HK) +4.800 (+1.241%) Short selling $218.87M; Ratio 12.317% announced that JD Logistics, through its Joint Sponsors, submitted today a listing application form to the Hong Kong Stock Exchange to apply for the listing of, and permission to deal in, the JD Logistics Shares on the Main Board of the Hong Kong Stock Exchange.
At present, the company indirectly holds 79.12% of JD Logistics. Upon completion of the Proposed Spin-off, the Company will continue to indirectly hold more than 50% of the shareholdings in JD Logistics and therefore JD Logistics will remain as a subsidiary of the Company.
According to JD Logistics’ preliminary prospectus, the Joint Sponsors will be Merrill Lynch (Asia Pacific) Limited, Goldman Sachs (Asia) L.L.C. and Haitong International Capital Limited.
JD (JD.US) +0.310 (+0.313%) 's ADR last reported at US$103.2 in US pre-market trading, up 3.9%.
Source: AAStock

JOINN (06127.HK)'s IPO Tracks Margin of $12B, Over-subscribed by Over 19x
16/02/2021 18:08
JOINN (06127.HK)'s IPO registered margin of $12.04 billion granted by nine local brokers as at around 6 pm. Based on the public fundraising amount of about $588 million, the IPO was over-subscribed by 19.4 times.
Source: AAStock

Nayuki Seeking US$500M HK IPO: Wire
16/02/2021 16:11
Chinese bubble tea chain Nayuki is seeking an IPO in Hong Kong that will raise US$500 million, IFR learnt from insiders, compared with approximately US$400-500 million as earlier rumoured.
AAStocks Financial News
Source: AAStock

Nayuki Files for HK IPO, Mulls Opening 650 Stores in 2021-22
16/02/2021 13:17
Nayuki filed for IPO with the Stock Exchange days earlier, with JPMorgan, CMB International and Huatai International as joint sponsors. The Chinese bubble tea chain reportedly aimed to go public in 2Q21 and raise roughly US$400-500 million.
Nayuki expected to open around 300 and 350 teahouses in tier-1 and new tier-1 cities over 2021 and 2022, about 70% of which would be Nayuki PRO teahouses.
AAStocks Financial News
Source: AAStock

Nayuki Files for IPO, Mulls Opening 650 Stores in 2021-22
16/02/2021 13:17
Nayuki filed for IPO with the Stock Exchange days earlier, with JPMorgan, CMB International and Huatai International as joint sponsors. The Chinese bubble tea chain reportedly aimed to go public in 2Q21 and raise roughly US$400-500 million.
Nayuki expected to open around 300 and 350 teahouses in tier-1 and new tier-1 cities over 2021 and 2022, about 70% of which would be Nayuki PRO teahouses.
AAStocks Financial News
Source: AAStock

JOINN (06127.HK) Starts IPO Today, Entry Fee $15,252.17
16/02/2021 09:07
JOINN (06127.HK), to be listed on 26 February, has started IPO from today through 19 February.
Offer prices range $133-151. Entry fee is $15,252.17 per board lot of 100 shares.
Source: AAStock

Information are sourced from AAStock

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