Meituan-bakced EV Li Auto aims to raise US$950 million in its initial public offering of 95,000,000 American depositary shares, or ADSs. Li Auto anticipates that the IPO price per ADS will be between US$8.00 and US$10.00.
IPO
Alibaba-backed Ant Group going duo-IPOs in Hong Kong and Shanghai
Ant Group, renamed from Ant Financial and the parent company of China’s largest payments platform Alipay and leading provider of financial services technology, announced its concurrent initial public offering (“IPO”) on the Shanghai Stock Exchange’s STAR board (“SSE STAR” market) and The Stock Exchange of Hong Kong Limited (the “SEHK”).
China’s Bitcoin mining machines manufacturer Ebang filed for U.S. IPO
Ebang International, a leading Chinese bitcoin mining machine manufacturer based in Hangzhou, Zhejiang Province, is trying to raise up to $100 million through an initial public offering (IPO) in the U.S..
Alibaba officially listed on Hong Kong Exchanges
Alibaba Group Holding Limited (“Alibaba” or the “Company”) (NYSE: BABA and HKEX: 9988) has officially listed on the main board of the Hong Kong Exchanges and Clearing Limited (HKEX) today, successfully going public in Hong Kong.
Apartment rental platform Danke filed IPO for NYSE
Danke Apartment, an apartment rental platform in China, filed its IPO with SEC in the U.S. to apply to list the ADSs on the New York Stock Exchange under the symbol “DNK.”
Meet Meituan, another China’s everyday app
Meituan Dianping (Meituan), China’s leading e-commerce platform for local lifestyle services updated its IPO prospectus previously filed with Hong Kong Exchanges this month. It plans to issue 480 million shares each priced between HK$60 and HK$72 with a value of at best 34.6 billion yuan (US$5.06 bn) and set to go public on September 20, […]
ex-Googler founded Pinduoduo ready for US IPO
Ex-Googler and founder of Pinduoduo China’s social e-commerce player Pinduoduo updated its IPO prospectus previously filed with US Securities and Exchange Commission (SEC) on July 17, 2018. It plans to raise at best US$1.87 billion by offering 85.6 million American depositary shares (ADS). The price range is from US$16 to US$19 each. The founder, ex-Googler, […]