BEIJING: Postal Savings Bank of China Co (PSBC … State-run PSBC’s fundraising comes a year after it garnered $7.63 billion in a Hong Kong IPO. The lender also unveiled plans in August for a share…
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Alibaba-backed Best raises $450 million after pricing U.S. IPO at bottom: IFR
FILE PHOTO – The logo of the Chinese logistics company Best Inc is seen outside a local delivery hub in Beijing Thomson Reuters HONG KONG (Reuters) – Chinese logistics firm Best Inc priced its U.S.…
RPT-Russia set to pipe more oil to China, stepping up race with Saudis
RACE BETWEEN RUSSIA & SAUDI Rosneft’s new flows of piped oil will come as Saudi Arabia aims to secure a stake early next year in a Chinese refinery after years of negotiations and as Saudi…
RYB Education Files Terms For $133 Million U.S. IPO
The market growing and financial performance is impressive, but the IPO isn’t cheap and the U.S. firm operates in a gray area as a ‘VIE’, so investors should be cautious. Quick Take Beijing-based RYB Education…
Pressure on tycoons won’t get Beijing all it wants
Data from Hithink Flush Information Network, a Chinese financial data service provider, shows that so far this year, 826 listed companies have invested 743 billion yuan of IPO proceeds or idle funds into wealth management…
Goldman Sachs Stops Work on Pactera IPO
The regulator’s activities were part of Beijing’s broader effort to clamp down on “irrational … to accelerate these expansion plans by closing a USD 200 million pre-IPO round in 3Q 2017 and list in early…
Secoo kicks off bookbuilding for $115m US IPO
according to its IPO prospectus. Two ADSs represent one Class A ordinary share. BNP Paribas and Jefferies are underwriting the stock, which will be listed on the Nasdaq. The Beijing-based issuer is Asia’s largest ……
The financing that fuels China’s consumption: Qudian files for a $750 million US IPO
The Beijing, China-based company was founded in 2014 and booked … The article The financing that fuels China’s consumption: Qudian files for a $750 million US IPO originally appeared on IPO investment manager Renaissance Capital’s…
Tencent launches ad suite for US brands looking to reach Chinese consumers
The suite provides brands with the opportunity to increase sales among Chinese consumers by engaging them both in China and abroad in places like Tencent’s massively popular messaging app WeChat. In addition to the offerings,…
China online insurer ZhongAn prices Hong Kong IPO at top end, raises $1.5 billion – IFR
ZhongAn Online Property & Casualty Insurance Co 6060.HK> priced its IPO at the top of an indicated range, raising $1.5 billion(1.10 billion pounds) in Hong Kong’s biggest ever financial technology stock offering, IFR reported on…
Shanghai May Beat Hong Kong in IPO Fundraising
had ranked first for the last two years by amount of money raised through IPOs. Last year, its largest listing was the Postal Savings Bank of China, which raised HK$57.6 billion during the third quarter.…
Chinese online insurer ZhongAn raises $1.5bn in IPO
ZhongAn Online Property & Casualty Insurance’s IPO priced at the top of its range at HK$59.70 per share, according to people familiar with the deal. ZhongAn is backed by some of China’s largest online financial…
China’s insurtech ZhongAn raises $1.5bn in IPO
Internet-only insurer ZhongAn Online Property & Casualty Insurance priced its initial public offering (IPO) at the top of an indicated range, raising $1.5 billion in Hong Kong, Reuters reported on Sept. 22. ZhongAn was founded…
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