Meituan Dianping's IPO got off to a strong start in Hong Kong on Thursday, valuing the Chinese ''everything app'' firm at about $55 billion and sending positive signs to companies lining up to list in ... ( read original story ...)
Breakingviews – Meituan IPO shows how to tempt investor appetites
HONG KONG (Reuters Breakingviews ... The pair raised a combined $11.6 billion, after pricing at the bottom of the marketed ranges. Indeed, Xiaomi’s IPO valuation was nearly half the mooted $100 billio... ( read original story ...)
Downbeat stock market dampens retail enthusiasm for Meituan Dianping’s US$4.2 billion IPO in Hong Kong
Retail investors have given a lukewarm response to Chinese food delivery service firm Meituan Dianping’s US$4.2 billion IPO, with the public tranche 1.5 times subscribed, fairing little better than Ch... ( read original story ...)
39-Year-Old Founder’s Wealth Jumps to $5.3 Billion After IPO
Meituan shares closed at HK$72.35 on Thursday, 5.3 percent above the HK$69 price of the IPO. After Hong Kong’s second-biggest technology listing of the year, the unprofitable company has a market valu... ( read original story ...)
Meituan Dianping rises on Hong Kong debut after US$4.2 billion IPO, pushes co-founder’s net worth to US$5.3 billion
China food delivery service platform Meituan Dianping closed up 5 per cent on its trading debut on Thursday, pushing co-founder Wang Xing’s net worth up to US$5.3 billion. The company’s market cap rea... ( read original story ...)
Skadden-Led Meituan Debuts After $4.2B Hong Kong IPO
Law360 (September 20, 2018, 6:36 PM EDT) -- Chinese online services platform Meituan Dianping’s shares rose in debut trading Thursday following completion of the company’s $4.2 billion initial public ... ( read original story ...)
Tencent-backed Meituan climbs 5 percent on debut, brightens outlook for HK IPOs
The stock’s performance is being seen as a test of investor appetite for Hong Kong listings against a backdrop of weak markets and multi-billion dollar initial public offerings (IPOs ... ( read original story ...)
Speech by CE at 2018 Hong Kong Green Finance Forum and Launch of the Hong Kong Green Finance Association (English only) (with photos/video)
Following is the speech by the Chief Executive, Mrs Carrie Lam, at the 2018 Hong Kong Green Finance Forum and Launch of the Hong Kong Green Finance Association today (September 21): Deputy Director Qi... ( read original story ...)
CannaTech: Hong Kong’s first ever cannabis investor symposium
Hong Kong’s first-ever Cannabis Investor Symposium ... is the fastest growing market in the world and the legal cannabis business is expected to generate $57 billion globally by 2027 as ... ( read original story ...)
China tightens embrace of Hong Kong with bullet train, other mega projects
HONG KONG (Reuters) - Hong Kong's first bullet train glides out of a sleek harborfront railway station bound for mainland China on Saturday, launching a new era of integration and raising fears for so... ( read original story ...)
First annuity payouts on way
Speaking at the Philanthropy for Better Cities Forum yesterday, Chan expressed his optimism about the scheme and the Reverse Mortgage program launched by Hong Kong Mortgage Corporation in 2011. He sai... ( read original story ...)
Hong Kong: HANG SENG INDEX (.HSI) stocks enjoyed more gains
Hong Kong stocks enjoyed more gains at the open on Thursday on growing optimism that China and the United States can reach an agreement to avert an all-out trade war. The Hang Seng Index rose 0.72 per ... ( read original story ...)
China Merchants Bank Takes Over Half of HNA’s Former Hong Kong Home
Mainland financial heavyweight China Merchants Bank has leased a four floor office in Hong Kong’s Three Exchange Square in Central, taking half of the eight floors shed by liquidity-troubled HNA last ... ( read original story ...)
Ex-Hong Kong Secretary for Financial Services and the Treasury Chan Ka-keung joins WeLab virtual bank
Former Hong Kong Secretary for Financial Services and the Treasury Chan Ka-keung has joined WeLab Virtual Bank, which has applied for a licence in the city, as chairman, he said on Tuesday. Chan joine... ( read original story ...)