Tag: IPO

Postal Savings Bank of China Starting $10 Billion Hong Kong IPO

Shuang Shan Postal Savings Bank of China (PSBC)—the sixth largest lender in China—began accepting proposals for its $10 billion Hong Kong IPO on Tuesday and will continue to do so through Friday. The PSBC IPO will be the largest financial...

/ January 21, 2016
train at railway signal

China Railway Signal Co. to List $1.8 Billion IPO on Hong Kong Market

By Lauren Dodillet State-owned China Railway Signal and Communications Corporation began looking for investors for its $1.8 billion Hong Kong IPO last Monday. The company—which makes signal systems used by China’s train network—opened up to institutional investors yesterday, and plans...

/ July 28, 2015
Shanghai Skyline

$19 Billion Fund Set to Stabilize Chinese Stocks

By Lauren Dodillet 21 Chinese securities companies led by Citic Securities Co. are pledging more than $19 billion dollars to a fund that will help stabilize the market. The fund, which opened Monday morning, is valued at approximately 15 percent...

/ July 9, 2015

Ant Financial Plans Ahead for Mainland IPO

By Lauren Dodillet Zhejiang Ant Small & Micro Financial Services Group—aka Ant Financial, the parent company behind Alibaba Group’s Alipay—plans to launch its IPO in China in either late 2016 or early 2017. Before the launch, Ant will pursue an...

/ March 12, 2015

COFCO Announces IPO Three Years Out

By Lauren Dodillet China’s largest state-run grain trading company announced at the end of October that it was planning to launch an IPO within three years. China National Cereals, Oils, and Foodstuffs Corporation (COFCO) CEO Frank Ning said the company...

/ November 5, 2014

Alibaba Stops Early IPO Orders Halfway Through Roadshow

By Ellen Huber Alibaba Group Holding Ltd. plans to stop taking orders for the early sale of its $21 billion initial public offering (IPO) today for US investors and on Wednesday for European and Asian investors after having already received...

/ September 16, 2014

Alibaba Launches Investor Roadshow Ahead of IPO

By Ellen Huber The world’s largest e-commerce company—China’s Alibaba Group Holding Ltd.—yesterday launched ten days of investor meetings in advance of its record-breaking initial public offering (IPO), reports Bloomberg. The IPO—set to hit the trading floor on September 19—is predicted...

/ September 9, 2014

WH Group Raises More Than $2 Billion in IPO Relaunch

WH Group Ltd.—the Chinese company that last year bought out US pork producer Smithfield Foods Inc.—has so far raised $2.05 billion from its initial public offering (IPO) in Hong Kong, which started on Tuesday. According to Bloomberg, the pork producer...

/ July 31, 2014

Twice-Cooked Pork: WH Group Announces Plans to Relist on Hong Kong Exchange

WH Group Ltd, the parent company of US pork producer Smithfield Foods, is refiling for a Hong Kong initial public offering (IPO). In April the company was approved for an initial listing of $6 billion, but the deal was later...

/ July 11, 2014

Video: What You Should Know about the Alibaba IPO

By Randy Wang In a period that’s been characterized by rapid innovation in China’s high technology sector, Alibaba’s IPO—potentially one of the largest public offerings of all time—has been one of the most widely-anticipated events of the year. The IPO...

/ June 6, 2014