Hong Kong Counts on China-Traded Firms to Boost 2025 Listings
4 weeks ago

Hong Kong Counts on China-Traded Firms to Boost 2025 Listings

Live Mint  

Hong Kong’s dealmakers are betting on mainland-traded Chinese companies’ second listings to boost share-sale volumes next year, building on a pickup in recent months. Such listings could help lift Hong Kong’s initial public offering volumes to about $15 billion in 2025, according to a forecast by KPMG LLP, compared to $10.5 billion so far this year. “We expect Hong Kong listings by A-share companies to account for a big portion of Hong Kong’s IPO volume in 2025,” said Kenneth Chow, Citigroup Inc.’s Asia head of equity capital markets origination and products. The successful debuts of Midea Group Co. and SF Holding Co. have emboldened other mainland-traded companies to explore second listings in Hong Kong, said Richard Wang, head of China equity capital markets at the law firm Freshfields.

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History of this topic

Wall Street eyes active 2025 IPO year with $18 billion in potential offerings
1 week ago

Wall Street eyes active 2025 IPO year with $18 billion in potential offerings

Live Mint  

Wall Street kicked off the 2025 IPO market with a flurry of paperwork paving the way for some of the year’s biggest potential deals. An IPO for the world’s largest pork producer, acquired by a Chinese company in 2013, may raise $1 billion or more, Bloomberg News reported earlier. Several others snuck in before the 2024 calendar flipped over, such …

India’s IPO market zoomed to $11.2 billion in 2024, set for record growth next year too, says report
2 weeks, 4 days ago

India’s IPO market zoomed to $11.2 billion in 2024, set for record growth next year too, says report

Live Mint  

India's initial public offering market reached a “historic milestone” as it doubled proceeds from $5.5 billion in 2023 to $11.2 billion in 2024, as per the Global Data report. “India's IPO market hit a bull run in 2024, with proceeds skyrocketing to $11.2 billion — more than doubling the $5.5 billion raised in 2023. Big Successes on List in 2024 …

HK's IPO market to keep top 5 ranking in 2025
1 month ago

HK's IPO market to keep top 5 ranking in 2025

China Daily  

By WU MENGLEI in Hong Kong | China Daily | Updated: 2024-12-12 09:05 International accounting firm KPMG foresees improved investor confidence in Hong Kong's IPO market and expects it to maintain its position among the global top five in 2025, as its financial funding sector shows robust resilience. As of Dec 8, the Hong Kong stock exchange ranked 4th in …

China regulators tell banks to expedite offshore company listings, sources say
1 month ago

China regulators tell banks to expedite offshore company listings, sources say

The Hindu  

Regulators in mainland China and Hong Kong have told some of the world's biggest investment banks to help speed up Chinese companies' listings in the city, said sources, in a bid to boost fundraising overseas and revitalise the world's No. In a similar move, Hong Kong's bourse operator has also initiated one-on-one meetings with major global and Chinese banks since …

Logistics provider GLP is considering a Hong Kong listing in 2025, sources say
1 month, 2 weeks ago

Logistics provider GLP is considering a Hong Kong listing in 2025, sources say

Live Mint  

* GLP, which was listed in Singapore, went private in 2017 * Has a presence in 17 countries * Relisting plan is partly fuelled by China's economic stimulus, says source HONG KONG/SYDNEY, Nov 29 - Logistics company GLP is considering a Hong Kong listing that could happen as early as next year, eight years after the Singapore-incorporated firm was taken …

Hong Kong Takes Top Spot as Leading Global IPO Venue
2 months, 4 weeks ago

Hong Kong Takes Top Spot as Leading Global IPO Venue

China Daily  

Hong Kong reclaims its position as leading global IPO venue, ranking fourth in a seasonal review by global accounting firm KPMG. The city's largest IPO since 2022 was the listing of Midea Group, which raised more than HK$30 billion ($3.86 billion). The Macao Special Administrative Region drew nearly 1 million visitors during National Day Golden Week, with the majority from …

Hong Kong Regains Top Spot as Leading Global IPO Venue
2 months, 4 weeks ago

Hong Kong Regains Top Spot as Leading Global IPO Venue

China Daily  

Hong Kong reclaims its position as leading global IPO venue, ranking fourth in a seasonal review by global accounting firm KPMG. The city's largest IPO since 2022 was the listing of Midea Group, which raised more than HK$30 billion ($3.86 billion). The Macao Special Administrative Region drew nearly 1 million visitors during National Day Golden Week, with the peak coming …

Uphill battle to the trading floor
4 months, 1 week ago

Uphill battle to the trading floor

China Daily  

Julia Charlton - founder and principal partner of Hong Kong-based corporate finance solicitors firm Charltons - breathed a sigh of relief when investment holding company WellCell Holdings closed at HK$2.64 in its trading debut on the Hong Kong Stock Exchange on Jan 12 - a whopping 164 percent above its offering price. "Hong Kong could beat last year's figures, but …

Hong Kong to launch Asia's first inverse bitcoin ETF
5 months, 3 weeks ago

Hong Kong to launch Asia's first inverse bitcoin ETF

The Hindu  

Asia's first inverse bitcoin exchange-traded fund that allows investors to bet on a fall in the cryptocurrency, is set to debut in Hong Kong on Tuesday. Hong Kong's CSOP Asset Management said it will launch the CSOP Bitcoin Futures Daily Inverse Product on the city's stock exchange on Tuesday morning. "The first futures-based inverse bitcoin product listed in Hong Kong …

The tea shops bubbling up Hong Kong’s anemic IPO market
9 months, 3 weeks ago

The tea shops bubbling up Hong Kong’s anemic IPO market

Live Mint  

Hong Kong’s IPO market was once the biggest in the world. At least four Chinese stores that sell bubble tea are preparing to go public in Hong Kong, where nine companies have listed shares so far this year. Hong Kong’s stock exchange once boasted more deals than anywhere else in the world, generating bumper fee revenues for Wall Street banks …

Hong Kong, Asia 'here to stay'
10 months, 1 week ago

Hong Kong, Asia 'here to stay'

China Daily  

Capital markets in Asia and the Pacific region are set to stage a rebound this year, while Hong Kong's global competitiveness and efforts to woo new investors could bring a reversal of fortune for its beleaguered stock market. Heavier capital flow in Asia would do well for Hong Kong despite the city's lackluster performance in the stock market. "India's strong …

Hong Kong, Asia 'here to stay'
10 months, 1 week ago

Hong Kong, Asia 'here to stay'

China Daily  

Capital markets in Asia and the Pacific region are set to stage a rebound this year, while Hong Kong's global competitiveness and efforts to woo new investors could bring a reversal of fortune for its beleaguered stock market. Heavier capital flow in Asia would do well for Hong Kong despite the city's lackluster performance in the stock market. "India's strong …

Hong Kong Sees 2024 Growth Range at or Below Last Year
10 months, 2 weeks ago

Hong Kong Sees 2024 Growth Range at or Below Last Year

Hindustan Times  

-- Hong Kong expects its economy to grow in a range of 2.5% to 3.5% this year, suggesting a potentially slower rate of expansion as the financial hub tries to bolster a struggling housing market and attract more tourism and investment. Confidence in Hong Kong has waned as home prices tumble to a seven-year low, national security measures erode freedoms …

Innovative tech boosts mkt vigor
10 months, 3 weeks ago

Innovative tech boosts mkt vigor

China Daily  

People walk past the new Shanghai Stock Exchange building in Shanghai on March 29, 2023. The domestic capital market was the main listing option for Chinese mainland TMT enterprises, with 24 percent choosing to be listed on the Shanghai Stock Exchange's STAR Market and 32 percent on the Shenzhen bourse's ChiNext board in the second half of 2023, the report …

’Was inevitable’: Anand Mahindra after Indian stock market becomes 4th largest
11 months, 3 weeks ago

’Was inevitable’: Anand Mahindra after Indian stock market becomes 4th largest

Live Mint  

Industrialist Anand Mahindra, the Chairman of Mahindra Group and vocal netizen took to social media site X, to comment on Indian stock markets surpassing Hong Kong in terms of market capitalisation at January 22 closing. Surpassing Hong Kong As of the latest closing on January 22, the total value of shares listed on Indian exchanges surged to $4.33 trillion, surpassing …

China deal slump sends bankers’ fees to decade low
1 year, 2 months ago

China deal slump sends bankers’ fees to decade low

Live Mint  

American and European investment banks prospered in the Asian financial hub over the past decade by helping hundreds of Chinese companies raise money from international stock and bond sales. U.S. dollar high-yield bond issuance by Chinese companies has gone to zero, Hong Kong’s market for initial public offerings is in a deep slumber, and its stock market’s long losing streak …

Didi Global plans to list on Hong Kong stock exchange in 2024: Bloomberg
1 year, 3 months ago

Didi Global plans to list on Hong Kong stock exchange in 2024: Bloomberg

Live Mint  

Didi global news: Didi Global Inc, the largest ride-hailing business in China, plans to list on the Hong Kong stock exchange in the upcoming year. Any fresh listing would require approval from Chinese authorities, which compelled Didi to delist following its IPO on the fresh New York Stock Exchange last year, said Bloomberg in its news report. This move is …

Hong Kong to promote diversified industrial development: financial chief
1 year, 6 months ago

Hong Kong to promote diversified industrial development: financial chief

China Daily  

HONG KONG -- Paul Chan, financial secretary of China's Hong Kong Special Administrative Region government, said on Tuesday that a new industry promotion office of the HKSAR government has already contacted more than 150 enterprises, many of which are high-end tech companies that are leaders in their respectively fields. The financial chief said that the enterprises targeted by the HKSAR …

Amp up HK's finance in tandem with mainland
1 year, 8 months ago

Amp up HK's finance in tandem with mainland

China Daily  

Despite the COVID-19 pandemic and geopolitical situation that have led to global supply chain disruptions, as well as high inflation, interest rate hikes and tightened monetary conditions, the Hong Kong Special Administrative Region government and the city's finance sector have remained steadfast in safeguarding Hong Kong's position as a premier international financial center. Offshore Renminbi business services and mutual market …

Alibaba seeks dual primary listing in Hong Kong stock market
2 years, 5 months ago

Alibaba seeks dual primary listing in Hong Kong stock market

China Daily  

A pedestrian walks past the headquarters of Alibaba in Beijing. KUANG DA/FOR CHINA DAILY Alibaba Group Holding Ltd said on Tuesday it will apply for a primary listing in Hong Kong, a move industry experts said will allow Chinese mainland investors to trade in the tech giant's shares via the stock connect mechanism linking the Shanghai, Shenzhen and Hong Kong …

Beijing calls for calm after historic tech stock rout
3 years, 5 months ago

Beijing calls for calm after historic tech stock rout

CNN  

Hong Kong CNN Business — Chinese state media is urging investors to stay calm following a brutal stock market sell-off this week that has wiped out hundreds of billions of dollars in value. Chinese state-run newspaper Securities Times published a commentary Wednesday acknowledging the “changes in policy for certain industries” after a market rout on Monday and Tuesday that came …

China plans to exempt Hong Kong IPOs from cybersecurity reviews
3 years, 5 months ago

China plans to exempt Hong Kong IPOs from cybersecurity reviews

Live Mint  

China plans to exempt companies going public in Hong Kong from first seeking the approval of the country’s cybersecurity regulator, removing one hurdle for businesses that list in the Asian financial hub instead of the U.S., according to people familiar with the matter. The cybersecurity exemption for Hong Kong, which is a special administrative region of China, would help soften …

Hong Kong still 'go-to' place for investors, official says
3 years, 7 months ago

Hong Kong still 'go-to' place for investors, official says

China Daily  

Hong Kong's chief investment promotion officer has expressed full faith in the city's future economic development, as the newly enacted National Security Law for Hong Kong and improvements to its electoral system bring stability to the city's business environment. Hong Kong, being part of the growth engine of the Guangdong-Hong Kong-Macao Greater Bay Area while also enjoying good connections with …

Asian capital markets may see some megahit IPOs next year
4 years ago

Asian capital markets may see some megahit IPOs next year

Hindustan Times  

The end of 2020 created a buzz in the financial market with initial public offer of companies like Burger King getting oversubscribed over 157 times. The Asian market is scheduled to see some valuable start-ups going public next year as some bankers suggest 2021 might turn out busier than the pandemic-hit year of 2020. Bloomberg reported William Smiley, co-head of …

Massive first day IPO gains evoke ’bubble’ risk
4 years ago

Massive first day IPO gains evoke ’bubble’ risk

Live Mint  

Massive gains posted by companies at their trading debut in regional stock markets in Asia this year are raising the spectre of a bubble, bankers and brokers said. The huge price pops have taken place across regional stock markets, including in Hong Kong, China, and India, prompting concerns that a "bubble" could be emerging. In Hong Kong, the valuation of …

Shanghai could be the world’s biggest IPO market this year. But holding that title will be tough
4 years, 2 months ago

Shanghai could be the world’s biggest IPO market this year. But holding that title will be tough

CNN  

Hong Kong CNN Business — Shanghai is on track to steal the global IPO crown this year, bolstering a drive by Beijing to reduce its reliance on foreign financial markets and giving China a powerful one-two fundraising punch with regional powerhouse Hong Kong. Stock exchanges in Greater China — including Hong Kong, Shanghai and Shenzhen — have raised a combined …

Ant Group IPO gets the green light from regulators for its blockbuster listing
4 years, 2 months ago

Ant Group IPO gets the green light from regulators for its blockbuster listing

CNN  

Hong Kong CNN Business — Ant Group — the crown jewel of billionaire Jack Ma’s tech empire — is one step closer to its highly anticipated market debut. China’s securities regulator said Wednesday that Ant has received the green light for its Shanghai public offering, and has now cleared all regulatory hurdled for a dual-listing that is expected to rake …

Hong Kong’s stock market sees its future in Chinese tech
4 years, 5 months ago

Hong Kong’s stock market sees its future in Chinese tech

CNN  

Hong Kong CNN Business — Hong Kong is launching a new Nasdaq-like technology index. Hang Seng Indexes, the city’s leading index compiler, on Monday announced the creation of a new benchmark that will track the 30 largest tech firms that trade in Hong Kong. “We hope the move will help attract more tech companies to list in Hong Kong.” The …

JD.com becomes the latest Chinese company to turn to Hong Kong with $4 billion listing
4 years, 7 months ago

JD.com becomes the latest Chinese company to turn to Hong Kong with $4 billion listing

CNN  

Hong Kong CNN Business — JD.com is planning a secondary listing for its shares on Hong Kong’s stock market — the latest example of how the city is becoming a fallback for Chinese companies fearful of possible regulatory trouble in the United States. The Chinese e-commerce and tech company said in a filing to the US Securities and Exchange Commission …

Chinese companies facing pushback in the US could seek refuge in Hong Kong
4 years, 7 months ago

Chinese companies facing pushback in the US could seek refuge in Hong Kong

CNN  

Hong Kong CNN Business — Hong Kong’s status as a global business hub has been cast into doubt in recent weeks. Other companies are considering Hong Kong, too “China’s tech giants see Hong Kong as middle ground,” said Brock Silvers, chief investment officer for Hong Kong-based Adamas Asset Management. “But it has evolved in light of the trade war and …

NetEase IPO: Chinese gaming company seeks nearly $3 billion in Hong Kong listing
4 years, 7 months ago

NetEase IPO: Chinese gaming company seeks nearly $3 billion in Hong Kong listing

CNN  

Hong Kong CNN Business — NetEase is planning a secondary listing for its shares on Hong Kong’s stock market next week as scrutiny of Chinese companies on Wall Street intensifies and wider US-China tensions rise. The Chinese gaming company said it was issuing more than 171 million new shares at a maximum price of 126 Hong Kong dollars each, offering …

Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks
5 years, 1 month ago

Alibaba, Aramco share sale bonanza fails to produce fee windfall for banks

Live Mint  

A late-year rush of giant global share sales led by Alibaba's $13 billion Hong Kong listing and Aramco's $26 billion initial public offering is failing to deliver an equivalent payday for equities bankers. Filings on Thursday revealed 17 banks will split up to $32.3 million for Alibaba Group's Hong Kong deal, which will raise up to $12.9 billion for the …

Alibaba Hong Kong shares set to bring in $12.9 billion in secondary listing
5 years, 1 month ago

Alibaba Hong Kong shares set to bring in $12.9 billion in secondary listing

CNN  

Hong Kong CNN Business — Alibaba put a price on its highly anticipated Hong Kong stock market debut on Wednesday, the world’s biggest share sale of the year so far. The price falls short of the 188 Hong Kong dollars Alibaba had set as a ceiling last week, but the transaction will still raise about $12.9 billion for the company, …

Alibaba listing: Company finds strong demand for Hong Kong shares despite turmoil in the city
5 years, 1 month ago

Alibaba listing: Company finds strong demand for Hong Kong shares despite turmoil in the city

CNN  

Hong Kong CNN Business — Investors are falling over themselves to buy into Alibaba’s debut on the Hong Kong stock market. The Hong Kong listing was “multiple times subscribed,” the person said, adding that the final price retail investors will pay for the Hong Kong listing will be based on Alibaba’s closing price Tuesday in New York, where its shares …

Alibaba’s Hong Kong listing is about pleasing China and buying trade war insurance
5 years, 2 months ago

Alibaba’s Hong Kong listing is about pleasing China and buying trade war insurance

CNN  

Hong Kong CNN Business — Alibaba’s plan to raise billions of dollars by selling shares on the Hong Kong stock market will be one of the largest public offerings in the world this year. “Alibaba hardly lacks access to capital,” said Brock Silvers, managing director for Adamas Asset Management in Hong Kong. “We hope we can contribute, in our small …

Protests are rattling Hong Kong. But companies haven’t abandoned the city yet
5 years, 2 months ago

Protests are rattling Hong Kong. But companies haven’t abandoned the city yet

CNN  

Hong Kong CNN Business — The political unrest in Asia’s premiere financial hubhas taken adark, violent turn this week. The latter could lift the Hong Kong exchange above the New York Stock Exchange and the Nasdaq as this year’s largest venuefor public offerings. “I don’t see its standing as a financial center shaken.” A growing market Despite the rise of …

Alibaba wants to raise $13.4 billion in Hong Kong listing
5 years, 2 months ago

Alibaba wants to raise $13.4 billion in Hong Kong listing

CNN  

London CNN Business — Chinese e-commerce giant Alibaba has announced plans to raise up to $13.4 billion by issuing shares in Hong Kong, a vote of confidence in the Asian financial hub that has been rocked by months of civil unrest. Alibaba will price 500 million new shares on or around November 20, with trading starting in Hong Kong roughly …

Taking stock: Hong Kong’s investors feel the heat of protests
5 years, 2 months ago

Taking stock: Hong Kong’s investors feel the heat of protests

Al Jazeera  

Hong Kong, China – Like many people in Hong Kong, Daisy Chan checks her stocks dozens of times every day. “I think the situation could potentially turn very bad, very quickly, so I am paying close attention to the news every day,” Chan told Al Jazeera, noting that she is adopting various strategies to limit her losses, which she said …

Alibaba’s possible $15bn fall listing: A boon for Hong Kong?
5 years, 2 months ago

Alibaba’s possible $15bn fall listing: A boon for Hong Kong?

Al Jazeera  

The e-commerce giant’s listing could boost the Asian financial hub as it struggles with anti-government protests. Alibaba Group Holding Ltd plans to launch a Hong Kong share offering to raise $10bn to $15bn in the final week of November, in a deal that could boost the Asian financial hub as it struggles with anti-government protests. The United States-listed Chinese e-commerce …

Alibaba eyes November window for $10 bn IPO
5 years, 2 months ago

Alibaba eyes November window for $10 bn IPO

Live Mint  

Alibaba Group Holding Ltd is deciding between launching a sharply reduced $10 billion Hong Kong share sale in November or delaying the deal till next year as global uncertainty mounts, people familiar with the matter say. It can proceed with a required initial public offering hearing—either after its 1 November earnings or 11 November Singles’ Day shopping gala—or risk postponing …

China’s answer to the Nasdaq might be starting to fizzle
5 years, 2 months ago

China’s answer to the Nasdaq might be starting to fizzle

CNN  

Hong Kong CNN Business — China’s latest attempt to create a Nasdaq-style stock market appears to be running into trouble just three months in. The Shanghai Stock Exchange launched its Star Market toward the end of July, with wild gains in prices and a few eye-catching IPOs since. Investors also expect any index involving Star Market components to be a …

Hong Kong’s political crisis isn’t a deal breaker for investors right now
5 years, 3 months ago

Hong Kong’s political crisis isn’t a deal breaker for investors right now

CNN  

Hong Kong CNN Business — Protests have paralyzed many parts of Hong Kong for months, trashing its retail economy and prompting an outflow of money to Singapore. The day before Tuesday’s violent escalation, Anheuser-Busch InBev listed its Asia business on the Hong Kong Stock Exchange, raising $5 billion in the second biggest IPO of the year after Uber. “Budweiser’s IPO …

Transsion IPO in China raises $400 million for smartphone maker
5 years, 3 months ago

Transsion IPO in China raises $400 million for smartphone maker

CNN  

Hong Kong CNN Business — Chinese smartphone maker Transsion, which is dominating Africa with its Tecno brand, has raised nearly $400 million in an IPO on China’s hot new tech-focused stock market. The share sale pushes Transsion’s valuation to $3.95 billion and establishes the company as one of the biggest attractions on the Star Market, China’s answer to the Nasdaq. …

Alibaba postpones its up to $15 bn listing in Hong Kong due to growing protests
5 years, 4 months ago

Alibaba postpones its up to $15 bn listing in Hong Kong due to growing protests

Firstpost  

a listing by Alibaba is a big deal for the Hong Kong stock exchange, which is lagging behind its New York rivals China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian financial hub, two people with knowledge of the matter told Reuters. Earlier …

China can’t get enough of Hong Kong’s sinking stocks
5 years, 5 months ago

China can’t get enough of Hong Kong’s sinking stocks

Al Jazeera  

Hong Kong’s tumbling equity market may find that its biggest fans are right across the border. Onshore-based investors have purchased a net $5.1 billion of Hong Kong stocks in the last 20 sessions, the longest run of inflows since February 2018, according to data compiled by Bloomberg. “This is a prime time to invest in Hong Kong,” said He Qi, …

Hong Kong real estate: Protests and trade war wipe $50 billion off top property stocks
5 years, 5 months ago

Hong Kong real estate: Protests and trade war wipe $50 billion off top property stocks

CNN  

Hong Kong CNN Business — Weeks of pro-democracy protests in Hong Kong are battering shares in the city’s property developers and pushing its benchmark stock index closer to a bear market. About 446 billion Hong Kong dollars has been wiped off the market value of the nine largest Hong Kong real estate companies since April, according to data from Refinitiv. …

China's Alibaba Group files for Hong Kong listing, may raise $20 billion as soon as third quarter
5 years, 7 months ago

China's Alibaba Group files for Hong Kong listing, may raise $20 billion as soon as third quarter

Firstpost  

China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that could raise up to $20 billion as early as the third quarter of this year, a person with direct knowledge of the matter said Hong Kong: China’s biggest e-commerce company Alibaba Group Holding Ltd has filed confidentially for a Hong Kong listing that …

Xiaomi shares dropped by 2.9 percent on the first day of its IPO listing
6 years, 6 months ago

Xiaomi shares dropped by 2.9 percent on the first day of its IPO listing

Firstpost  

Xiaomi priced its Hong Kong initial public offering at HK$17 per share, the bottom of an indicative range. Chinese smartphone maker Xiaomi Corp’s shares dropped 2.9 percent on debut in Hong Kong on 9 July, in a blow to investor sentiment for the tech sector as a raft of peers line up their own listings in the city. Xiaomi priced …

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