IPO Archives - Page 17 of 19

Meituan-Dianping Updates Operating Data in IPO Prospectus, Raising Valuation to $55 Billion

Meituan-Dianping (Meituan), one of the most popular local online group purchase platforms in China, updated the operating data throughout its IPO Prospectus on September 3.

Pinduoduo Reports Big Wins and Losses in the First Post-IPO Report Amidst Counterfeit Goods Scandal

After going public in July, the e-commerce giant Pinduoduo Inc. (PDD) released its first quarterly report on Aug. 30, showing some big gains and even bigger losses.

Xiaomi-Backed IoT Appliance Supplier Viomi Technology Files for U.S. IPO

Viomi Technology Co. Ltd, a Xiaomi-backed supplier of Internet-connected home appliances, filed for a U.S. initial public offering with the US Securities and Exchange Commission (SEC) on Aug. 30.

NIO Updates IPO Prospectus, Seeking to Raise $1.32 Billion

Chinese electric-vehicle maker, NIO, has updated its initial public offering (IPO) prospectus and set terms to raise a total of $1.32 billion.

NIO Jumps at IPO Opportunity Brought Along by Tesla’s Intention of Going Private

After getting wind of Tesla’s contemplation over going private, Chinese electric car manufacturer, NIO, is rushing to go public to fill in Tesla’s void – and to raise additional $1.8 billion for its rising operational costs. Tesla CEO Elon Musk said he may use Saudi Arabian capital to finance the company’s move in the near […]

Xiaomi’s First Post-IPO Report Shows Strong Growth, Total Revenue Reached RMB 45 Billion in Q2 2018

Xiaomi released its financial report for the second quarter of 2018, also its first post-IPO financial report on August 22. Total revenue reached 45.24 billion yuan ($6.6 billion), a year-on-year increase of 68.3 percent.

Newsletter: Kris Wu Raps Against Cyber Bullying

Here’s this week’s roundup of China tech stories.

NIO Automobile Submits U.S. Prospectus, Looking to IPO on the NYSE

NIO Automobile submitted its prospectus to the U.S. Securities and Exchange Commission (SEC) for an IPO on the New York Stock Exchange. It plans to raise up to US$1.8 billion, which will be the largest listing of a Chinese auto company in the United States.

Pinduoduo Goes Public in the U.S., Stock Price Surges 44%

China’s social commerce group discount platform Pinduoduo had its debut on the Nasdaq at 7 p.m. July 26 (Beijing time), and ended its first trading day with a stock price of $26.70, valuing the company at $29.6 billion.

New Oriental’s Koolearn Online Learning Platform Files for IPO in Hong Kong

Koolearn Technology Holding Limited, an online education company under New Oriental Education & Technology Group Inc., filed for an initial public offering to the Hong Kong Stock Exchange on July 17.

Pinduoduo Plans to Raise a Maximum of $1.87 Billion in U.S. IPO

China’s new e-commerce platform, Pinduoduo, plans to raise a maximum of $1.87 billion through its listing on the NASDAQ Global Select section, according to its updated prospectus to the U.S. Securities and Exchange Commission (SEC).

Newsletter: Xiaomi’s Turbulent First Day at the Hong Kong Stock Exchange

Here’s this week’s roundup of China tech stories.

Tencent to Spin off its Music Division for an IPO in the U.S.

Tencent Holdings Limited announced on July 8 night that the company will spin off and list its online music entertainment business, Tencent Music Entertainment Group in the United States.

Xiaomi’s Turbulent First Day on the Hong Kong Stock Exchange

Xiaomi debuted on the Hong Kong Stock Exchange today with opening and closing prices lower than expected.

Pinduoduo, China’s Facebook-Groupon Mashup, Files for $1B US IPO

Pinduoduo, one of China’s largest e-commerce unicorns, looks to raise around US$1 billion in its U.S. initial public offering (IPO), confirming a report published earlier by Pandaily.

Headhunting Master Liepin Goes Public in HK

Wise Talent Information Technology, the parent company of Chinese executive headhunting platform Liepin.com, joins the Hong Kong Stock Exchange today to become its first listed tech company providing human resource solutions.

Pinduoduo Rumored to be Filing for U.S. IPO Next Week

On the morning of June 28, sources from China Entrepreneur Magazine disclose that leading e-commerce platform Pinduoduo is rumored to be filing for an IPO at the U.S. Securities and Exchange Commission next week, with Goldman Sachs and China International Capital Corporation as the main underwriters.

U.S. Initial Public Offering for the Chinese Used-Car Platform Uxin

Uxin Limited, China’s used auto e-commerce platform became publicly listed under the symbol “UXIN” on the Nasdaq Stock Market on June 27 at $9 per share. The underwriters are Morgan Stanley, Goldman Sachs, J.P. Morgan, China International Capital Corporation and China Renaissance Group.

Meituan-Dianping Files for IPO in Hong Kong, Revenue Up Sevenfold within Three Years

Meituan-Dianping submitted the file for its Initial Public Offering (IPO) to Hong Kong stock exchange on June 22, targeting to raise $6 billion in funds. It will compete with the incoming IPO of Xiaomi in scale with a funding target of $6.1 billion.

Xiaomi Delays IPO in Mainland China, Hong Kong Plans Unaffected

Xiaomi announced its decision on Tuesday to postpone its listing process in mainland China while proceeding with original plans in Hong Kong.

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