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“Beijing Ubox, a Chinese intelligent vending machine maker, is weighing a Hong Kong initial public offering that could raise as much as US$500 million,” Bloomberg reported, citing people familiar with the matter.
Read more: https://bit.ly/2WmSQg3
“Chinese electric-vehicle maker Li Auto has received the green light from the Hong Kong stock exchange for a listing in the city, following in the steps of its rival XPeng, which completed such a share sale last month,” Bloomberg reported.
Read more: https://bit.ly/2THexGJ
Meicai, a Chinese startup that connects restaurants with vegetable producers, is considering shifting its initial public offering to Hong Kong from the U.S. after Beijing’s recent crackdown on overseas listings, people with knowledge of the matter said.
Read more: https://bloom.bg/3zA7JtI
Chinese video-sharing mobile app Kuaishou has filed a preliminary prospectus with the Stock Exchange of Hong Kong, signaling its preparations for an initial public offering in the city. The company, however, disclosed neither a specific timetable nor the size of its financial debut.
Read more: https://bit.ly/2U33UdW
Hong Kong-based Animoca Brands, an entertainment company specializing in blockchain and gaming, has secured US$4.1 million in strategic investments via convertible notes from investors including M7 Asia and Mind Fund.
Read more: https://bit.ly/2CvXkHa
Chinese e-commerce giant JD.com Inc. has filed confidentially for a second listing in Hong Kong, according to people with knowledge of the matter, joining rival Alibaba in tapping the city’s stock market for funds.
Read more: https://bloom.bg/2Wj60Y0
The Shanghai Stock Exchange is poised to approve the first three listings on the city’s upcoming Technology Innovation Board, accelerating China’s pace of support for technology companies amid its escalating trade war with the US.
Read more: http://bit.ly/2JJrGZq
San Francisco voters this November will be asked to approve a corporate tax increase on stock-based compensation from 0.38% to 1.5%. Why it matters: The rate hike would be retroactive to May 7, thereby applying to Uber’s IPO.
Read more: http://bit.ly/2Heb7kC
SoftBank Group Corp. is considering audacious fundraising plans, including a public offering of its $100 billion investment fund and the launch of a second fund of at least that size, as it looks to seize on an exploding startup scene, people familiar with the matter said.
Read more: https://on.wsj.com/2JfGJZC
Mainland investors are racing to buy mutual funds linked to Shanghai’s new Nasdaq-style technology board in the expectation that these funds will have privileged access to upcoming initial public offerings, potentially enjoying handsome returns upon public trading.
Read more: http://bit.ly/2ZV9LDE
Slack filed papers for its initial public offering on Friday, revealing $400 million in revenue and $139 million in losses. Slack, part of a highly anticipated class of tech companies to file for an IPO, will pursue a direct listing on the New York Stock Exchange under the symbol SK.
Read more: https://cnb.cx/2ZEB0Cm
Uber on Friday morning disclosed that it plans to raise upwards of $10.35 billion in its IPO, at a market cap that could approach $84 billion. Why it matters: If successful, this would be one of the largest IPOs of all time.
Read more: http://bit.ly/2DArAi0
Uber released its long-awaited IPO prospectus, tacking another near-term market debut onto a busy IPO season. The company has self-reported unaudited financials for several quarters — one of the few tech giants expected to debut this year to do so.
Read more: https://cnb.cx/2P40lku
Chinese video platform Bilibili today launched a convertible bond sale and a follow-on share offering that could net the company around US$621 million combined. Bilibili announced the fundraising but did not disclose detailed terms.
Read more: http://bit.ly/2UqiVrV
The workplace messaging company Slack Technologies Inc. plans to list on the New York Stock Exchange in June or July, according to a person familiar with the matter. Slack is one of several highly valued private companies eyeing public offerings this year.
Read more: https://bloom.bg/2Iao9ln
We are now seeing a wave of longtime private companies coming public and with that we are getting data on usage, financial performance, and a host of other issues that is very useful market data. I spent some time looking at Pinterest’s S1 today. They filed it a week or two ago.
Read more: http://bit.ly/2FMdhIQ
Maoyan Entertainment, China’s largest movie ticketing app backed by Tencent and Meituan, has delayed its Hong Kong IPO and put off its listing date to February 4. It also named three new cornerstone investors, including a US$2.6 million investment by Xiaomi.
Read more: http://bit.ly/2TpJxWy
Megvii, the owner of facial recognition developer Face++, is considering an initial public offering in Hong Kong that could net as much as $1 billion, people familiar with the matter said.
Read more: https://bloom.bg/2HaX964
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