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08.05.26 - 11:12
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Baidu chip unit Kunlunxin eyes US$14.7b valuation in Hong Kong IPO: sources (SCMP)
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Kunlunxin, the artificial intelligence chip unit of Chinese tech giant Baidu, is seeking a valuation of at least 100 billion yuan (US$14.69 billion) for its Hong Kong stock exchange listing, according to two people familiar with the matter.
The valuation could change based on market conditions and final terms, according to one of the sources, who requested anonymity as the information was private.
Baidu and Kunlunxin did not immediately respond to a request for comment on Friday.
Separately,......
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28.04.26 - 14:36
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Chinese industrial robot maker Inovance joins Hong Kong IPO queue (SCMP)
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Chinese industrial robot maker Shenzhen Inovance Technology submitted an initial public offering (IPO) application in Hong Kong on Tuesday, joining a wave of mainland tech firms seeking capital from international investors.
Founded in 2003, Inovance is seen as a cornerstone of China's industrial automation sector. The company's shares, listed on the Shenzhen Stock Exchange since 2010, closed at 61.36 yuan on Tuesday, giving it a market capitalisation of nearly 175.3 billion yuan (US$25.6......
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27.04.26 - 06:00
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China′s solar giant Sungrow revives Hong Kong IPO plan amid rising demand for clean energy (SCMP)
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China's solar giant Sungrow Power Supply has filed a fresh application to list in Hong Kong, reviving plans initiated last year, as a wave of mainland companies seeks offshore funding to support overseas expansion.
The Shenzhen-listed solar inverter and energy storage system maker submitted its latest application proof to the Hong Kong stock exchange after an earlier filing in October lapsed, according to exchange disclosures late on Friday.
Sungrow, one of the world's largest suppliers of......
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22.04.26 - 02:30
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Hong Kong IPOs lure mainland China insurers seeking higher returns (SCMP)
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Mainland China's insurance companies have emerged as major cornerstone investors in Hong Kong initial public offerings (IPOs) as they seek higher returns and benefit from Beijing's policy support for insurers to invest in equity markets.
Ping An Insurance (Group), Taikang Life Insurance, New China Life Insurance, Dajia Life Insurance and China Post Life Insurance were among the key players that invested more than US$250 million across about 11 IPOs so far this year, according to UBS data.
Their......
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21.04.26 - 11:18
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Victory Giant skyrockets after biggest Hong Kong IPO this year (SCMP)
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Nvidia supplier Victory Giant surged 50 per cent on its first day of trading following the biggest Hong Kong initial public offering this year, as investor appetite for artificial intelligence stocks weathers uncertainty in the Middle East.
The printed-circuit board maker closed at HK$315.00 compared with the HK$209.88 price of shares in its HK$20 billion (US$2.6 billion) IPO. The Guangdong-based company has also jumped fourfold in a year in Shenzhen trading.
Victory Giant is the latest in a......
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17.04.26 - 03:36
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Manycore, one of Hangzhou′s ′Six Little Dragons′, surges on Hong Kong IPO debut (SCMP)
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Manycore Tech, a design software developer hailed as one of Hangzhou's “Six Little Dragons”, made its trading debut in Hong Kong on Friday, with shares rising 172 per cent at the open, as the company positions itself at the intersection of artificial intelligence and the physical world.
The company's shares opened at HK$20.70 (US$2.64), rising 172 per cent versus the offer price of HK$7.62. The firm raised HK$1.09 billion from its initial public offering (IPO). On the grey market on Thursday,......
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16.04.26 - 09:31
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Sigenergy Jumps 100% in Hong Kong Debut After $562 Million IPO (Bloomberg)
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Shares of Sigenergy Technology Co., a Chinese maker of energy storage equipment, jumped in their Hong Kong trading debut Thursday after the company raised HK$4.4 billion ($562 million) in an initial public offering, a sign of investor demand in an industry swept up in a frenzied rally....
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15.04.26 - 11:06
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Global funds fuel Hong Kong IPO rebound as investors rebalance China portfolios: HKEX (SCMP)
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Hong Kong initial public offerings (IPOs) are attracting strong international demand as global funds rebuild their exposure to China after years of underinvestment, according to Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing.
The Hong Kong stock exchange was seeing “very good momentum on both the supply and demand sides” for IPOs, Chan told a panel discussion at the HSBC Global Investment Summit on Wednesday.
On the “cornerstone front”, last year saw “a very strong pickup by......
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