IPO Archives - Page 9 of 19

Soul Announces the Suspension of Its US IPO, Saying the Possibility of Other Capital Operations

Soul, a social platform, issued a statement this afternoon saying they have received the possibility of other capital operations, and announced the suspension of its US IPO. Tencent, the majority shareholder, also supports the decision. The company is currently in normal operation.

The Value of Full Truck Alliance Increases more than 14% in US IPO Debut

On June 22, Full Truck Alliance, a Chinese digital freight platform, was listed on NYSE with the security code of "YMM". Its issue price is $19 and its opening price is $22.5. Wind Information shows that as of the close of US stocks, Full Truck Alliance reported US $21.76 per share, increasing 14.53% from its issue price, with a total market value of US $23.6 billion.

Chinese Online Teaching Platform Spark Education Files for Nasdaq IPO

On June 21, China's largest online small-class education firm, Spark Education, submitted a prospectus to the US Securities and Exchange Commission, applying to list on the Nasdaq under the stock code “SPRK”. Underwriters include Credit Suisse, Citigroup, CICC, Futu Securities and UP Fintech Holdings.

JD-Backed Electronics Reseller Aihuishou Gains 23% in Nasdaq IPO

Shares of used electronics reseller Aihuishou surged 22.3% on the first day of trading, indicating investors' confidence in China’s secondhand devices market.

Alibaba Health-Backed LinkDoc Technology Files for US IPO, Sending Ripples through China’s Online Healthcare Sector

Chinese medical data company LinkDoc Technology filed paperwork on Monday to list shares in the US, as China’s digital healthcare industry continues to grow in the wake of the coronavirus pandemic.

China’s Ride-Hailing King Didi Chuxing Files for Blockbuster US IPO, Revealing $30 Million Profit for Q1

Didi Chuxing, China’s leading ride-hailing platform, unveiled the filing for its long-awaited US stock market debut on Thursday, marking a further step toward what could be the world’s biggest IPO this year.

Chinese Online Grocery Duo File for US IPOs, Spicing up China’s Already-Hot Fresh Produce E-commerce Market

Dingdong Maicai and MissFresh, leading players in China’s burgeoning fresh food delivery arena, filed for US listings on Tuesday, racing to become the first publicly-traded Chinese online grocery platform.

Zhangmen Education Lists on NYSE Amid Heightened Scrutiny of China’s Online Tutoring Market

Zhangmen Education on Tuesday officially went public on the New York Stock Exchange under the ticker symbol "ZME" in the face of tightening restrictions on e-learning platforms from Chinese market regulators, following complaints about improper business practices.

Secondhand Electronics Trading Platform Aihuishou Reveals $3.5 Billion GMV in IPO Filing

Chinese secondhand electronics reseller Aihuishou has filed for an IPO to boost its position in China's pre-owned consumer electronics market and drive its overseas expansion.

NetEase’s Cloud Music Streaming Service Mulls $1 Billion Hong Kong IPO

Chinese internet giant NetEase announced it plans to spin off Cloud Village, the operator of its music streaming service NetEase Cloud Music, in an IPO on the Hong Kong Stock Exchange.

China VC Weekly: New Funds and Edtech

In last week’s China VC news, Meridian Capital announces the closing of its 2.12 billion yuan Fund VI, Zhangmen submits documents for a New York IPO, and China Merchants Bank partners with blockchain developer Nervos Foundation.

Tencent-backed Recruitment App Boss Zhipin Files for US IPO

Kanzhun Limited, operator of mobile recruitment app Boss Zhipin, on Friday filed privately for an IPO with the US Securities and Exchange Commission. The firm is looking to list the app on the Nasdaq under the ticker symbol "BZ," according to its preliminary prospectus. No pricing terms were disclosed.

JD Logistics Looks to Raise up to US$3.4 billion in Hong Kong IPO

JD Logistics, the distribution arm of Chinese e-commerce giant JD.com, is planning to raise up to HK$26.4 billion (US$3.4 billion) in its initial public offering (IPO) on the Hong Kong Stock Exchange.

China VC Weekly: Robots, Insurtech and Crypto

In last week’s China VC news: Shenezhen-based robotic automation startup Youibot raises 100 million yuan, crypto services provided Babel Finance bags a $40 million Series A and insurtech firm Yuanbao capitalizes on competitor Waterdrop’s IPO by raising a 1 billion yuan Series C round.

Chinese Lifestyle Brand Platform Onion Global Debuts on NYSE

Known as the first Chinese e-commerce platform for lifestyle brands, Onion Global on May 7 formally went public at the New York Stock Exchange under the ticker symbol "OG", offering 12.5 million American depository shares (ADS) and achieving the maximum increase of more than 57%.

Didi Said to Consider Separate IPO for Its Community Group-Buying Operation

Chinese ride-hailing giant Didi Chuxing is reportedly planning to spin off its community purchasing business and launch a separate IPO for the platform, which allows buyers to obtain discounts by ordering groceries in groups and have them delivered to their neighborhood, according to tech media outlet The Information.

Health Startup Waterdrop Submits Prospectus to SEC

Chinese online medical insurance startup Waterdrop Inc. on April 17 formally submitted a prospectus to the United States Securities and Exchange Commission (SEC), in preparation for an initial public offering (IPO) at the New York Stock Exchange under the label of "WDH".