Tag: ipo

HONG KONG (Reuters) - Two Chinese biotechs have axed plans to list in New York and instead aim to raise up to $800 million in Hong Kong IPOs, seeking to cash in on new rules to woo early-stage drug developers, sources said. Fidelity Investments-backed ... ( read original story ...)

I feel that several assertions in Steven Vines’ column about the Spotify IPO need to be corrected (“Spotify’s IPO was a success. Never mind that it’s a loss-making company”, April 18). First, the concept of a “DIY listing” or, as it’s ... ( read original story ...)

Hong Kong stocks fell on Wednesday, tracking a rout in US equities roiled by a sell-off in technology companies and rising bond yields. The Hang Seng Index dropped by 1 ... the prospect that China’s central bank will loosen monetary policies. ( read original story ...)

ACRO Biomedical, a Taiwan-based developer of skin, bone and cornea graft materials, plans to restructure via a reverse takeover and seek an initial public share offer in Hong Kong so that it can tap into the mainland China market. The company, based in ... ( read original story ...)

Hong Kong conglomerate Goldin Financial Holdings plans to sell two pieces of land in the city’s Ho Man Tin area worth HK$12.4 billion (US$1.6 billion) to mainland billionaire Pan Sutong, who is also the company’s chairman. The company’s shares jumped ... ( read original story ...)

Other likely candidates include smartphone maker Xiaomi Corp., Alibaba affiliate Ant Financial Services Group and Lufax, the peer-to-peer lending unit of Ping An Insurance (Group) Co. Those three between them could add $300 billion to Hong Kong’s market ... ( read original story ...)

Blockchain is at the core of the Bank of China Hong Kong (BOCHK) operation, with almost all of its real estate appraisals now done via this technology. Company officials say this is part of a concerted foray into financial technology (fintech) and smart ... ( read original story ...)

The hire marks a relatively rare lateral addition for the magic circle firm in Hong Kong, where it has around 25 partners working across a range of practices including corporate, banking, capital markets and disputes. The last local partner hire for the ... ( read original story ...)

The Punjab National Bank on Saturday moved the Hong Kong High Court against fugitive diamond jeweller Nirav Modi, who is accused in a scam worth over Rs 13,000 crores, ANI reported. The bank will also approach the courts of other countries where Nirav Modi ... ( read original story ...)

BERLIN (Reuters) - Berlin-based digital bank N26 expects to offer its services in Britain and the United States by the end of the year, its founder and chief executive told Reuters. N26, which counts Hong Kong billionaire Li Ka-shing and Silicon Valley ... ( read original story ...)

which fined The Hongkong and Shanghai Banking Corporation (HSBC) $500 million in 2012. In a statement, the OCC said it imposed such a large fine against Wells "given the severity of the deficiencies and violations of law, the financial harm to consumers ... ( read original story ...)

China Mobile Hk. Ltd. Adr F now has $190.33B valuation ... On Wednesday, August 30 the stock rating was initiated by Bank of America with “Buy”. HSBC downgraded the shares of CHL in report on Friday, March 24 to “Hold” rating. ( read original story ...)

Hainan, the southernmost Chinese island that Beijing plans to transform into a hub for gambling and foreign investments, aims to strengthen ties with Hong Kong in 10 areas such as setting up a pilot district to boost trade services and help companies with ... ( read original story ...)

Xiaomi and Ant Financial are two of a cluster of major tech names being linked with IPOs in Hong Kong. But, despite a burst of upcoming tech listings and new measures that are tipped to encourage more, the country still has some way to go to match the U.S ... ( read original story ...)