China’s fintech giant Ant Group on Tuesday responded to the recent news about its IPO postponement due to securities regulator’s investigation, saying the listing process is proceeding in an orderly manner.
Jack Ma evenly transferred his 66% equity of Hangzhou Yunbo Investment Consulting, now his total equity reduced to 34% while the other three holders now each holds 22%.
Following Alibaba’s historic secondary listing on the Hong Kong stock exchange, other Chinese tech giants including Baidu are considering a similar strategy, according to IPOzaozhidao.
Ludashi (lit. Master Lu), a computer system optimization and security firm recently spun off by the Chinese Internet conglomerate Qihoo 360, went public in Hong Kong on October 9.
Bloomberg has reported that Alibaba will choose China International Capital Corp. and Credit Suisse Group AG to lead the share sale for their Hong Kong offering.
According to the Stock Exchange of Hong Kong Limited (SEHK) today, Xiaomi has officially submitted their IPO application documents. Xiaomi is expected to become the first company listed in the Stock Exchange of Hong Kong Limited with a dual-class share structure.
