IPO


ByteDance valuation soars to $400bn as IPO talk intensifies 

ByteDance valuation soars to $400bn as IPO talk intensifies 

(ATF) ByteDance, the parent company of popular short video app TikTok, has reportedly set in motion an initial public offering (IPO) for Hong Kong with a US$400 billion valuation.The valuation of the Beijing-based start-up is swelling quickly as the market capitalisation of its rival Kuaishou has almost doubled since its …

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Coinbase's Nasdaq IPO to make cryptocurrency history

Coinbase's Nasdaq IPO to make cryptocurrency history

(ATF) Coinbase will make stock market history on Wednesday as the first company specialising in cryptocurrencies to launch an initial public offering (IPO). The company, with a valuation of as much as $100 billion, will begin trading on the Nasdaq under the ticker symbol COIN in a direct listing rather …

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China tech startups favour Hong Kong over Mainland for IPOs 

China tech startups favour Hong Kong over Mainland for IPOs 

(ATF) A growing number of Chinese tech start-ups, fearing tighter scrutiny, are cancelling plans for an initial public offering (IPO) at home and eyeing a Hong Kong share sale instead.Prospective listers have been put off after the halting of Alibaba affiliate Ant Group's $37-billion float last year.More than 100 companies …

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Virgin Group’s Branson takes the SPAC route to raising $500m 

Virgin Group’s Branson takes the SPAC route to raising $500m 

Virgin Group's billionaire founder Richard Branson is looking to raise as much as $500 million through a SPAC-backed initial public offering, a regulatory filing showed on Tuesday.Virgin Group Acquisition Corp III, a special purpose acquisition company, or SPAC, plans to sell 50 million units, composed of shares and warrants, priced …

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Philippines noodle maker set to launch a record-breaking IPO

Philippines noodle maker set to launch a record-breaking IPO

(ATF) The Philippines - the longtime laggard of Asian capital markets - is set for a boost as noodle maker Monde Nissin Corporation announced on March 4 it would seek to raise 63 billion pesos ($1.3 billion) through an initial public offering that is set to be the country's largest-ever …

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JD.com to spin off logistics arm in third IPO in nine months 

JD.com to spin off logistics arm in third IPO in nine months 

(ATF) Chinese e-commerce giant JD.com has applied to list its delivery arm JD Logistics in Hong Kong, which will be the third initial public offering (IPO) of Chinese billionaire Richard Liu’s business empire within nine months.The company did not specify the amount it hopes to raise in its prospectus filed …

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Alibaba $5bn bond blowout could revive Ant Group IPO plans

Alibaba $5bn bond blowout could revive Ant Group IPO plans

(ATF) Alibaba saw strong demand for a $5 billion international bond issue and priced all four tranches well inside the indicated spreads over US Treasury yields. The success of the deal could help to revive interest in an IPO for its fintech arm Ant Group.Alibaba priced its $5 billion four-part …

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Kuaishou is 5th most valuable HKEX stock after dazzling debut 

Kuaishou is 5th most valuable HKEX stock after dazzling debut 

(ATF) Kuaishou Technology surged three-fold in its Hong Kong stock market debut on Friday to become the fifth-largest listed company in the city, driven by massive demand from mom-and-pop investors for the Chinese online video service operator.The first-day pop, while among the largest, is one of many strong recent debuts …

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SPACs, IPOs take centre stage for $546 billion fundraising in January

SPACs, IPOs take centre stage for $546 billion fundraising in Jan

Companies raised $546 billion from new bond and share issues in January, bringing record numbers of new listings, special purpose acquisition company (SPAC) deals and share sales, data showed on February 3.The numbers included $106.15 billion in initial public offerings (IPOs), SPAC and secondary offerings, with the amount of money …

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Office-share pioneer WeWork seeks to go public through SPAC route 

Office-share pioneer WeWork seeks to go public through SPAC route 

(ATF) Office-sharing company WeWork is in talks to go public through a merger with a special purpose acquisition company (SPAC) barely a year after its failed initial public offering (IPO), according to reports on January 29.The much criticised company is also exploring raising funds from private investors, despite the implosion …

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