Kuaishou stock pops 160% in Hong Kong IPO
3 years, 11 months ago

Kuaishou stock pops 160% in Hong Kong IPO

CNN  

Hong Kong CNN Business — Kuaishou’s stock skyrocketed in value Friday as the TikTok-like video app scored the world’s biggest IPO since the coronavirus pandemic began. If the company exercises an over-allotment option, the total raised could hit 47 billion Hong Kong dollars. It’s the world’s biggest tech listing since Uber’s IPO in May 2019, and the largest public offering globally since Saudi Aramco’s in December 2019, according to data provider Eikon Refinitiv. By focusing early on the rise of live-streaming and virtual goods, Chao said the company has tapped in on “a new form of monetization that the US is just starting to understand.” Kuaishou is the latest company to make a splash by going public in Hong Kong, which has spent the last year reinventing itself as a hot venue for Chinese tech firms.

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History of this topic

Didi stock closes 1% above IPO price in blockbuster US launch
3 years, 6 months ago

Didi stock closes 1% above IPO price in blockbuster US launch

CNN  

Hong Kong CNN Business — Didi went public Wednesday in the biggest US share offering by a Chinese company since Alibaba debuted in 2014. Didi raised $4.4 billion from the stock sale, making it the largest Chinese IPO in the United States since Alibaba’s $25 billion offering in 2014, according to Dealogic. The company was founded in Beijing in 2012 …

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 …

Saudi oil giant Aramco announces world's largest IPO
5 years, 1 month ago

Saudi oil giant Aramco announces world's largest IPO

India TV News  

Saudi Arabian state oil giant Saudi Aramco on Thursday priced its initial public offering at the high end of the targeted range, a level that will allow the company to raise a record total of at least $25.6 billion. This IPO's size gives Aramco a market valuation of $1.7 trillion, pushing it ahead of Apple as the world's most valuable …

Saudi Aramco raises $25.6 billion in world’s biggest IPO
5 years, 1 month ago

Saudi Aramco raises $25.6 billion in world’s biggest IPO

Live Mint  

Saudi Aramco raised $25.6 billion from the world’s biggest initial public offering, closing a deal that became synonymous with the kingdom’s controversial crown prince and his plans to reshape the oil-rich nation. The deal opens up one of the world’s most secretive companies, whose profits helped bankroll the kingdom and its ruling family for decades, to investors and Saudi individuals. …

Saudi Aramco’s $25.6 billion IPO is the biggest in history
5 years, 1 month ago

Saudi Aramco’s $25.6 billion IPO is the biggest in history

CNN  

London/Vienna CNN Business — Saudi Arabia has just pulled off the biggest initial public offering in history, raising $25.6 billion by selling shares in its giant state-owned oil monopoly. Saudi Aramco sold 3 billion shares at 32 riyals each in its IPO, the company said Thursday. Saudi Aramco said last month that it was aiming to sell about 1.5% of …

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 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 …

Saudi Aramco IPO: World's most valuable company to be listed on stock market for $1.5 trillion
5 years, 2 months ago

Saudi Aramco IPO: World's most valuable company to be listed on stock market for $1.5 trillion

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The world’s most profitable company …

Aramco kickstarts world's biggest IPO on Sunday in a bid to diversify economy, offers scant details
5 years, 2 months ago

Aramco kickstarts world's biggest IPO on Sunday in a bid to diversify economy, offers scant details

Firstpost  

The IPO preparations were revived this summer after Aramco attracted huge interest in its first international bond sale, seen as a pre-IPO relationship-building exercise with investors. Salah Shamma, head of investment, MENA, at Franklin Templeton Emerging Markets Equity, said some local investors could be selling other shares in order to shift investments to Aramco, but this could well be a …

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 …

AB InBev’s Asia business jumps more than 4% in first day of Hong Kong trading
5 years, 3 months ago

AB InBev’s Asia business jumps more than 4% in first day of Hong Kong trading

CNN  

Hong Kong CNN Business — Shares in Anheuser-Busch InBev’s Asia business popped on theirmarket debutin Hong Kong on Monday. Budweiser APAC stock closed 4.4% higher at 28.2 Hong Kong dollars on its first day of trading in what was the second biggest public offering this year after Uber’s $8.1 billion IPO in May. The brewer of Budweiser, Beck’s and Stella …

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 …

Xiaomi IPO raises $4.7 billion after pricing on low end
6 years, 6 months ago

Xiaomi IPO raises $4.7 billion after pricing on low end

Live Mint  

Hong Kong: Xiaomi Corp. and some existing investors raised $4.7 billion after pricing a Hong Kong initial public offering at the low end of a marketed range, a person with knowledge of the matter said. The smartphone maker, led by serial entrepreneur Lei Jun, is the first major tech listing in Hong Kong since the city changed its rules to …

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