SYDNEY (Reuters) -Shares of Horizon Robotics ended 2.8% higher on their Hong Kong debut on Thursday, after the Chinese autonomous vehicle maker raised $696 million in this year's largest initial public offering (IPO) in Hong Kong. The company sold 1.355 billion shares at HK$3.99 each, according to the its filings.
China Market Update: TAL Terrific As Hong Kong/Mainland China Work Off Their Overbought Weekly Distribution
Asian equities followed US stocks lower overnight despite the US dollar’s weakness.
Hong Kong IPO Swells China Software Tycoon’s Fortune to $1 Billion
Shares of his company Horizon Robotics Inc., which debuted in Hong Kong on Thursday, rose more than 30% in early trading, lifting the machine learning expert’s fortune to as much as $1.2 billion, ...
HSBC Hong Kong joins China’s alternative to Swift global payments system
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Horizon Robotics’ Shares Jump After $696 Million Hong Kong IPO
Shares of Horizon Robotics climbed in their trading debut in Hong Kong Thursday, adding to optimism over a revival in initial public offerings in the Asian financial hub.
BOC HONG KONG (02388.HK) Sees Surge in Customer IPO Subscriptions
Banco Yiu, Assistant General Manager of the Personal Digital Banking Product Department at BOC HONG KONG (02388.HK), stated that benefiting from the restart of the interest rate cut cycle and the ...
Horizon Robotics’ Shares Jump 38% in HK After $696 Million IPO
Shares of Horizon Robotics Inc. jumped nearly 38% early in their trading debut in Hong Kong Thursday, adding to optimism over a revival in initial public offerings in the Asian financial hub.Most Read
Skyline Builders Group Targets $6 Million U.S. IPO On Excessive Valuation
Skyline Builders seeks $6 million from its IPO, but faces high valuation risks. Learn more about SKBL stock and why it’s rated as a sell.
China Market Update: Hong Kong IPOs Take Flight
Asian equities were mixed overnight despite a stronger US dollar. Hong Kong and South Korea outperformed, while Thailand was closed for Chulalongkorn Day, a national holiday commemorating His Majesty ...
Hong Kong stocks ride 2-day wave on earnings optimism, stabilisation-fund proposal
Investors are gearing up for results from 22 Hang Seng Index constituents through the end of the month, including HSBC, BYD and ICBC.
China Resources Beverage shares end 15% higher on Hong Kong IPO debut
Drinks maker China Resources Beverage's shares ended 15% higher in their Hong Kong debut on Wednesday, giving dealmakers hope that more big-ticket initial public offerings could be on the way. The ...
Chery Is Said to Pick Banks for Auto Unit’s Hong Kong IPO
Chery Holding Group Co. has picked China International Capital Corp., GF Securities Co. and Huatai International Ltd. to work on a potential initial public offering of its automotive unit, people ...
Asian Stocks Struggle Amid U.S. Treasury Yield Surge, Hong Kong Outperforms
Asian Stocks Mixed as U.S. Treasury Yields Rise Asian stocks performed mixed on Wednesday, as rising U.S. Treasury yields and uncertainty around the upcoming U.S. presidential election kept investors cautious.
EY Sees Global IPO Recovery Next Year as Sponsors Plot Exits
Improving market conditions and a backlog of private equity sales are setting the stage for a busy 2025 in equity capital markets, with initial public offerings likely to pick up across regions, according to consultancy Ernst & Young.