IPO Archives - Page 7 of 19

Chinese NEV Supplier Hozon Auto to Raise up to $1 Billion in Pre-IPO Round of Financing

Hozon Auto, a Chinese new energy vehicle supplier, is carrying out a Pre-IPO round of financing, with an amount of at least $800 million and a maximum amount of $1 billion.

Xiaohongshu Secures Financing Worth $500 Million, Valuation Reaches $20 Billion

Xiaohongshu, a Chinese lifestyle sharing platform, recently completed a new round of financing worth $500 million, led by Temasek and Tencent.

KK Group Launches Hong Kong IPO as Rapid Growth Continues

KK Group, a retail unicorn startup, submitted an IPO application to the Hong Kong Stock Exchange on Thursday.

Social Platform Soul and Fitness App Keep Reportedly Considering Hong Kong IPO

Chinese social platform Soul and fitness app Keep are considering an IPO in Hong Kong, several media outlets reported on Wednesday. Previously, both companies suspended their plans to list in the U.S.

Megvii Technology’s Bumpy Road to an IPO

On September 9, AI firm Megvii Technology gained approval to carry out a public listing on the Shanghai Sci-Tech Innovation Board (STAR Market). The IPO path of the company has not been smooth.

Huolala Responds: No Specific Timetable for Listing Plan

In response to news saying the firm hired CCB International and Bank of America as sponsors for its listing in Hong Kong, Chinese transport platform Huolala said "it has been paying attention to the capital market, but there is no specific plan for listing."

After D1 Financing Round, WM Motor Prefers Overseas Listing

Zhang Ran, partner and CFO of WM Motor, revealed in an interview on October 15 that the company has successfully completed a D1 round of financing this month and will look towards listing overseas in the future.

Chinese Social E-Commerce App Xiaohongshu Denies Plan to List in Hong Kong

On Monday, several media outlets reported that Chinese startup Xiaohongshu is considering a Hong Kong IPO. The company responded that it won't do away with the idea but there is no clear IPO plan for the time being.

PC Maker Lenovo Group Issues Response to Withdrawal of STAR Market IPO

On October 10, Chinese PC manufacturer Lenovo Group responded to the termination of its listing to the Shanghai Sci-Tech Innovation Board (STAR Market).

HKEX IPO Prospectus for Real Estate Trading Platform Anjuke is “Invalid”

This Friday, HKEX information showed that the IPO prospectus submitted by Anjuke had become invalid. At present, the relevant application materials are no longer supported for reading or downloading.

Chinese PC Maker Lenovo Withdraws Application for Shanghai Listing, Eight Days After Application Approval

Lenovo Group has withdrawn its application for a public listing in Shanghai, a filing of the Shanghai Stock Exchange showed on Friday.

Chinese Digital Audio Sharing Platform Ximalaya to Withdraw IPO Plan in US

Chinese streaming platform Ximalaya requested to withdraw its initial public offering (IPO) plan in the U.S. on Friday, after applying for a listing in the country in April earlier this year.

China’s Critical Data Rules Not Aimed at Firms Planning Foreign IPOs: National Network Information Office

Deputy director of the National Network Information Office told attendees at a press conference that China's forthcoming rules for protecting critical information infrastructure are not aimed at firms planning overseas listings.

BYD Semiconductor IPO and Listing Examination Halted by Regulators

The IPO and listing examination of BYD Semiconductor Co., Ltd., considered by investors to be the "number one car chip share," was suspended on August 18.

Ant Group Denies Rumors That Hangzhou Official Under Disciplinary Investigation Is Purchasing Shares

Ant Group on August 22 refuted online rumors that a senior Hangzhou government official currently under disciplinary investigation had bought shares in the company during its IPO.

SEC Chairman Temporarily Suspends Chinese Companies From Going Public in the US by Way of Shell Companies

On August 16, Gary Gensler, chairman of SEC, has asked SEC staff to temporarily suspend IPOs of shell companies by Chinese companies, and encourages investors to learn more about these companies' structures.

Pony.ai Said to Suspend US Public Listing Through SPAC

Reports surfaced Thursday that self-driving startup Pony.ai is to suspend plans to go public in the US at a valuation of $12 billion. Pony.ai responded to Sina Technology that it has not yet confirmed the listing plan or schedule.

Bytedance Denies Reports of Impending IPO: “This News is Not True”

A representative from Beijing-based internet technology firm Bytedance has denied a recent report regarding its alleged plan to launch an IPO at the Hong Kong Stock Exchange in the near future.

Nayuki Tea Says Recent Reports Questioning Food Safety Won’t Severely Affect Operations or Finances

Nayuki’s Tea on Wednesday announced that recent reports regarding food safety issues and the review of the regulatory authorities will not have any significant adverse impact on the group's operations and financial situation.

Didi Denies Going Private, Pre-Market Price Soars 50%

On the evening of July 29th, the Wall Street Journal reported that Didi, an online ride-hailing company, was considering privatization to appease the dissatisfaction of Chinese authorities. The report said that the company would also compensate investors for losses incurred by the company's listing in the United States a month earlier. Didi later denied this report on its official Weibo channel. Prior to that time, the company's pre-market share price spiked 50%.

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