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 Chinese e-commerce giant. Alibaba listing Until Aramco prices its IPO, Alibaba ranks as the world's largest ECM deal this year, ahead of Uber's New York IPO which raised $8.1 billion and paid banks fees of $106 million. Sources involved in Alibaba's latest transaction said the Hong Kong listing was always going to pay far less than an equivalent IPO because of the company's high profile and five years of investor familiarity with it via its New York listing.

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History of this topic

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 …

Alibaba’s profit in Q4 tumbles due to equity investments, New York-listed stock plunges
8 months ago

Alibaba’s profit in Q4 tumbles due to equity investments, New York-listed stock plunges

Associated Press  

HONG KONG — Chinese e-commerce company Alibaba Group Holding on Tuesday posted a greater-than-expected decline in profit for the fourth quarter due to its equity investments, sending its stock price plunging in New York. Its net income for the quarter ended March was 3.3 billion yuan, down 86% compared to the same time last year and missing analyst estimates. Revenue …

Saudi Arabia Is in Talks to Add Top Wall Street Banks to Aramco Share Sale
10 months ago

Saudi Arabia Is in Talks to Add Top Wall Street Banks to Aramco Share Sale

Hindustan Times  

Saudi Arabia is in talks to add top Wall Street banks for a secondary share sale in oil giant Aramco, as it pushes ahead with one of the largest stock offerings in recent years, people with knowledge of the matter said. It’s likely to be a marketed offering that’s open for a few days for investors to submit their orders, …

Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit
1 year, 1 month ago

Alibaba shares plunge as much as 10% after canceling plans to spin off cloud unit

Associated Press  

HONG KONG — Shares of Chinese e-commerce firm Alibaba Group Holding plunged as much as 10% in New York after it said Thursday that plans to spin off its cloud business were scrapped, citing uncertainties due to U.S. chip restrictions. Alibaba Chairman Joe Tsai said Thursday during an earnings call that a spinoff of its cloud unit “may not achieve …

Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong
1 year, 3 months ago

Alibaba will spin off its logistics arm Cainiao in an IPO in Hong Kong

Associated Press  

HONG KONG — Chinese e-commerce company Alibaba said Tuesday that it would spin off its logistics arm, Cainiao Smart Logistics Network, in an initial public offering in Hong Kong, making it the first business unit to go public following a major restructuring. The company currently owns nearly a 70% stake in Cainiao, Alibaba’s main delivery arm that handles logistics and …

Chinese regulators approve capital expansion for Ant Group
2 years ago

Chinese regulators approve capital expansion for Ant Group

Associated Press  

HONG KONG — Chinese regulators have said e-commerce giant Alibaba’s finance affiliate Ant Group can raise $1.5 billion for its consumer finance unit in an important step forward after the government called off a planned IPO two years ago and ordered the firm to restructure. The China Banking and Insurance Regulatory Commission in the southwestern city of Chongqing said in …

Alibaba to seek primary listing in Hong Kong, adding to its New York Stock Exchange listing
2 years, 5 months ago

Alibaba to seek primary listing in Hong Kong, adding to its New York Stock Exchange listing

The Hindu  

Alibaba, China’s biggest e-commerce company, said Tuesday that it would apply for a primary listing in Hong Kong. The listing is expected to be completed by the end of 2022, which would make Alibaba a dual-primary listed company on the New York Stock Exchange and the Hong Kong Stock Exchange. CEO Daniel Zhang said Alibaba was pursuing another primary listing …

Alibaba raises buyback to $25B to boost slumping stock
2 years, 9 months ago

Alibaba raises buyback to $25B to boost slumping stock

Associated Press  

BEIJING — Alibaba Group, the world’s biggest e-commerce company, increased a share buyback to $25 billion from $15 billion on Tuesday to prop up a stock price that has fallen by more than half since the ruling Communist Party tightened control over tech industries by launching regulatory crackdowns. Alibaba’s U.S.-traded shares have fallen 56%, wiping out hundreds of billions of …

U.S. IPO market a danger zone for Chinese firms after Beijing crackdown
3 years, 6 months ago

U.S. IPO market a danger zone for Chinese firms after Beijing crackdown

The Hindu  

China's stepped-up scrutiny of overseas listings by its companies and a clampdown on ride-hailing giant Didi Global Inc soon after its debut in New York have darkened the outlook for listings in the United States, bankers and investors said. The broader regulatory clampdown and Didi's listing dust up drove the S&P/BNY Mellon China Select ADR Index, which tracks the American …

Alibaba Group targets up to $8 billion bond sales by next week
4 years ago

Alibaba Group targets up to $8 billion bond sales by next week

Hindustan Times  

Alibaba Group Holding Ltd. intends to raise as much as $8 billion via a dollar bond sale as early as next week, matching its own Chinese record for a single issuance of offshore corporate debt, people familiar with the plans said. Alibaba, which sat on a cash hoard of almost $90 billion at the end of September, continues to wage …

Saudi Aramco had raised IPO to record $29.4 billion by over-allotment of shares
5 years ago

Saudi Aramco had raised IPO to record $29.4 billion by over-allotment of shares

Live Mint  

State-owned oil company Saudi Aramco said on Sunday it had exercised its "greenshoe option" to sell an additional 450 million shares, raising the size of its initial public offering to a record $29.4 billion. Aramco initially raised a $25.6 billion, which was itself a record level, in its December IPO by selling 3 billion shares at 32 riyals a share. …

Saudi Aramco surges 10% in trading debut to hit $1.88 trillion market value
5 years, 1 month ago

Saudi Aramco surges 10% in trading debut to hit $1.88 trillion market value

Live Mint  

Saudi Aramco shares surged after the oil producer’s initial public offering, valuing the company at a record $1.88 trillion in the culmination of a four-year effort by the kingdom to list its crown jewel. The stock jumped the daily 10% limit to 35.20 riyals when trading began at 10:30 am in Riyadh as Aramco board members, Saudi officials and invited …

Saudi Aramco IPO: Shares spike after historic market debut
5 years, 1 month ago

Saudi Aramco IPO: Shares spike after historic market debut

CNN  

London CNN Business — Saudi Aramco shares increased 10% when they began trading on Wednesday, capping a stock market debut that shattered records but failed to achieve the$2 trillionvaluation sought by Crown Prince Mohammed bin Salman. Saudi Arabia’s giant state-owned oil monopoly last week pulled off the biggest IPOin history, raising $25.6 billion by selling 1.5% of the company. The …

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. …

Alibaba stock comes out with a bang in Hong Kong debut – Asian market latest
5 years, 1 month ago

Alibaba stock comes out with a bang in Hong Kong debut – Asian market latest

CNN  

Hong Kong CNN Business — Alibaba’s stock popped nearly 7% in its Hong Kong debut — a strong showing for one of China’s most prominent tech companies. On Tuesday, 14 billion Hong Kong dollars worth of Alibaba shares changed hands on the Hong Kong exchange, helping boost overall turnover. The company chose to conduct its IPO in New York instead …

Saudi Aramco IPO: climate change fears cause banks to miss out on millions in fees
5 years, 1 month ago

Saudi Aramco IPO: climate change fears cause banks to miss out on millions in fees

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 Banks looking to cash in …

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 …

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 …

World’s most profitable company’s IPO opens on November 17: 10 things to know
5 years, 2 months ago

World’s most profitable company’s IPO opens on November 17: 10 things to know

Live Mint  

In what is expected to be the world's biggest initial public offering, Saudi Aramco, the world's most profitable company, would start taking bids from investors on November 17. Here are 10 things to know about Saudi Aramco''s IPO: 1) The Saudi Aramco IPO consists of sale of a portion of shares held by Saudi government. 7) In its push for …

Saudi Aramco to sell up to 0.05% shares to individual retail investors; prospectus flags risks, gives few details on IPO size
5 years, 2 months ago

Saudi Aramco to sell up to 0.05% shares to individual retail investors; prospectus flags risks, gives few details on IPO size

Firstpost  

Aramco cannot list additional shares for a period of six months after trading starts, and will also be restricted from issuing additional shares for 12 months Dubai: Saudi state oil giant Aramco will sell up to 0.5 percent of its shares to individual retail investors and will be restricted from issuing additional shares for a year after the initial public …

Saudi Aramco IPO starts November 17, offer size still pending
5 years, 2 months ago

Saudi Aramco IPO starts November 17, offer size still pending

Live Mint  

Saudi Aramco will allow investors to start bidding for shares in the world’s most-profitable company from Nov. 17. Also, the Saudi government, the company’s sole owner, won’t offer any additional shares during the 12-month period after listing, but retains the right to sell to foreign governments or investors affiliated with foreign governments. Key details: Saudi Arabia is pulling out all …

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 …

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 …

Saudi Aramco lines up banks, eyes local listing: Sources
5 years, 4 months ago

Saudi Aramco lines up banks, eyes local listing: Sources

Al Jazeera  

Newly appointed energy minister Prince Abdulaziz bin Salman says Aramco is aiming for an IPO ‘as soon as possible’. Saudi Arabia‘s newly-appointed energy minister, Prince Abdulaziz bin Salman, said on Monday that the kingdom was aiming for the Aramco IPO “as soon as possible.” He was speaking for the first time since his appointment a day earlier, replacing Khalid al-Falih, …

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 …

Alibaba delays $15bn stock market listing amid Hong Kong protests, say reports
5 years, 4 months ago

Alibaba delays $15bn stock market listing amid Hong Kong protests, say reports

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 Alibaba has postponed its long-awaited …

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