listing Archives - Pandaily

Lidar Firm Hesai Technology to Debut on Nasdaq

Leading Chinese lidar firm Hesai Technology submitted a prospectus on January 17 in preparation for its listing on the Nasdaq under stock code "HSAI."

WM Motor Expected to Complete Hong Kong IPO in Q2

Apollo Future Mobility, a Hong Kong-listed company, announced on January 12 that it would acquire a subsidiary of Chinese automaker WM Motor for $2.02 billion. This is a strong indication of WM Motor's plan to carry out a public listing through a reverse takeover.

Chinese Audio/Video SaaS Provider BaiJiaYun Debuts on Nasdaq

On December 26, BaiJiaYun officially listed on the Nasdaq with the stock symbol of "RTC", becoming the first Chinese company in the audio and video SaaS field to debut in the US.

WM Motor Plans Hong Kong Debut through Reverse Takeover with Smart Travel Company

WM Motor, which is still looking for new financing channels, plans to list in Hong Kong through a reverse takeover with Apollo Smart Travel, the latter of which is mainly engaged in the travel business, vehicle platform authorization and engineering service outsourcing.

Companies Deny Relationship with Smartphone Maker Honor’s Reverse Takeover Plan

Since Honor announced the completion of a new round of financing in November this year, rumors about the Chinese smartphone maker's upcoming reverse takeover have been raging.

Alibaba Delays Primary Hong Kong Listing as Revenue Growth Slows

Hangzhou-based internet giant Alibaba stated on November 17 that it will not complete a primary listing in Hong Kong before the end of the year as initially planned. This delay comes as the firm struggles with slowing growth at home.

ECARX Secures $65M Prior to Listing in Merge With COVA Acquisition Corp

ECARX, a mobility technology company, announced on November 14 that it has entered into an agreement with SPDB International (Hong Kong) Limited and CNCB (Hong Kong) Investment Limited for $65 million of convertible senior notes due in 2025.

Chinese Battery Firm Sunwoda Completes GDR Issuance, Debuts on Swiss Stock Exchange

Chinese battery manufacturer Sunwoda completed its issuance of global depository receipts (GDRs) on November 14 and listed them on the Swiss Stock Exchange, becoming the fourth company also traded publicly in Shenzhen to successfully list GDRs in Europe.

Chinese Hotel Chain Atour Set for Nasdaq Debut and ADS Issuance

Atour Lifestyle, a leading Chinese hotel chain, submitted its prospectus to the US Securities and Exchange Commission on November 7, with plans to officially list on the Nasdaq under the stock code "ATAT" on November 14.

Geely’s Zeekr Debuts All-Electric MPV for $69K-81K

Geely-owned automotive brand Zeekr officially opened its second model, the Zeekr 009, for reservations on November 1. The new vehicle is available in two versions, with cruising ranges of 702 km and 822 km.

Geely to Split EV Marque Zeekr and List It Independently

Geely Automobile announced at the Hong Kong Stock Exchange (HKEx) at noon on October 31 that it has proposed to spin off Zeekr Intelligent Technology Holding Limited (Zeekr) and list it independently.

Hong Kong Stock Exchange to Relax Listing Threshold for Five Types of Tech Startups

The Hong Kong Stock Exchange plans to amend the listing rules to facilitate the financing of five types of advanced technology enterprises that have not yet made any profits. The new amendment is expected to be implemented next year.

Metaverse Startup Flowing Cloud Lists in Hong Kong, Flat R&D Investment Raises Concern

AR and VR services provider Flowing Cloud was officially listed on the Hong Kong Stock Exchange on October 18 as its first metaverse-related stock, with an opening price of HK$2.21 ($0.28) per share, equal to the issue price.

A Look at Seven Listed Semiconductor Firms in China Backed by Huawei

In 2019, Huawei set up Shenzhen Hubble Technology Investment Partnership, an investment company which, to date, has invested in seven semiconductor companies that have gone on to be publicly listed.

Mobile Social Company Asia Innovations Group to Go Public in US via SPAC Merger

On September 30, Asia Innovations Group Limited (AIG), a Singapore-based mobile app developer, announced that it had signed a business merger agreement with Magnum Opus Acquisition Limited (NYSE: OPA), a special purpose acquisition company (SPAC).

China’s Second-Tier EV Makers Rush to List in Blooming Market

After public listings by XPeng, NIO and Li Auto in China and overseas, the second echelon of the country's electric vehicle industry, including firms such as Leapmotor, WM Motor, and Aiways, is embarking on a new round of IPOs in a bid to secure more funding.