Its shares opened for trading at HK$254, according to stock exchange data, and rose to as high as HK$256.60. They recently traded at HK$255 as of 9.35am local time, giving the company a market value ... ( read original story ...)
Roundup: Continued IPO boom underpins Hong Kong’s financial strength
With the debut of Baidu Inc. on Tuesday, Hong Kong's fund-raising market has appeared to maintain its momentum over recent months and will likely climb to a new height this year, further proof of the ... ( read original story ...)
Continued IPO boom underpins Hong Kong’s financial strength despite global volatility
Deloitte China forecast that IPOs will top 400 billion Hong Kong dollars this year and there will be some 130 new listings, and auditor PricewaterhouseCoopers (PwC) believes that the financial hub ... ( read original story ...)
So much for a ‘homecoming’: Why the Hong Kong listing of China search engine Baidu fell flat
Li also said that returning to Hong Kong's capital markets was a homecoming ... have largely focused on limiting the power of the financial technology sector, which Alibaba and Tencent dominate. ( read original story ...)
Indian Overseas Bank, Hong Kong Branch — Moody’s withdraws Indian Overseas Bank’s ratings due to business reasons
Moody's withdraws Indian Overseas Bank's ratings due to business reasonsRead the full article at Moody's ... ( read original story ...)
Hong Kong Dashes Business Leaders’ Hopes for Looser Covid Rules
Hong Kong’s government has dashed business leaders’ hopes for a near-term easing of the city’s Covid quarantine measures, signaling in a private meeting that any relaxation would require a ... ( read original story ...)
Continued IPO boom underpins Hong Kong’s financial strength
Baidu, first going public in Nasdaq in 2005, came as the latest U.S.-listed mainland business to complete a secondary listing here, adding to evidence that Hong Kong's IPO boom since 2020 has ... ( read original story ...)
Baidu Set for Hong Kong Debut After Raising $3.1 Billion
Chinese search engine Baidu Inc. edged higher in Hong Kong’s gray market trading Monday ahead of its trading debut. The Nasdaq-listed company raised HK$23.9 billion ($3.1 billion) in its Hong Kong ... ( read original story ...)
China’s answer to YouTube to raise $2.6bn in Hong Kong listing
Chinese video sharing site Bilibili will seek to raise $2.6bn in the latest so-called homecoming listing in Hong Kong, as shares in search group Baidu got a lukewarm reception from investors on their ... ( read original story ...)
China’s Baidu posts tame Hong Kong debut as investors wary of fundraising spree in city
HONG KONG (Reuters) - Baidu made a tepid debut in its Hong Kong secondary stock listing on Tuesday, bucking a trend of first-day pops on the bourse, as investors were wary of a fundraising flurry in ... ( read original story ...)
Hong Kong-based fintech Apoidea Group eyes on regional expansion with plans to double headcounts two years in a row
After doubling its headcounts in 2020, Apoidea Group ("Apoidea"), a Hong Kong-based AI-driven fintech startup, aims to double up the team again as the firm sees signs of rapid revenue growth. The ... ( read original story ...)
Baidu has rallied 200% in the past year. Analysts bet it can keep going as it lists in Hong Kong
The Hong Kong listing is a big moment for Baidu which went though a rough couple years from mid-2018 and lagged behind rivals such as Alibaba and Tencent. ( read original story ...)
Hong Kong banks ease up on mortgage approvals as vaccination programme boosts homebuyers’ confidence
As activity picks up, lenders are now looking to approve more mortgage loans, slashing interest rates and offering cash rebates to gain market share. ( read original story ...)
Bilibili set to price its Hong Kong listing at HK$808 a share – source
The Chinese version of Youtube will likely raise US$2.6 billion from the stock sale to load more content and boost its ability to make money from gamers on its platform. ( read original story ...)