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12.12.25 - 04:12
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China′s generative AI tiger MiniMax pursues Hong Kong IPO to expand global reach (SCMP)
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Chinese artificial intelligence start-up MiniMax plans to channel funds from its proposed Hong Kong initial public offering (IPO) into research and development as it seeks to compete with global and domestic rivals, according to a person familiar with the matter.
With 70 per cent of its revenue generated overseas, MiniMax was targeting Hong Kong's international investor base and capital market, the person said.
The Shanghai-based firm, backed by Alibaba Group Holding and Tencent Holdings, was......
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11.12.25 - 13:00
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Hong Kong set to keep its IPO crown in 2026 on mega deals and return of US capital: UBS (SCMP)
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Hong Kong's initial public offering (IPO) market is on track to maintain its status as the world's top fundraising venue next year, underpinned by a pipeline of mega deals and the return of US capital, according to UBS.
The Swiss investment bank expects more than HK$300 billion (US$38.5 billion) to be raised from 150 to 200 IPOs in 2026, surpassing the roughly HK$270 billion raised this year, which vaulted the city back to No 1 globally.
UBS also forecast that the city's benchmark Hang Seng......
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11.12.25 - 05:42
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JD.com′s Jingdong Industrials rides Hong Kong IPO boom with US$383 million listing (SCMP)
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Jingdong Industrials – the supply-chain arm of China's e-commerce giant JD.com – debuted on the Hong Kong stock exchange on Thursday, raising HK$2.98 billion (US$383 million) after pricing its initial public offering (IPO) in the middle of the marketed range.
Shares were offered at HK$14.10 each and oversubscribed by 60 times, in a deal seen as a test of investor appetite for Chinese supply-chain technology spin-offs in Hong Kong's resurgent listings market.
They fell by 2.6 per cent during......
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10.12.25 - 09:36
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Hong Kong′s IPO juggernaut projected to raise up to US$45 billion in 2026: KPMG (SCMP)
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Hong Kong's initial public offering (IPO) market is expected to raise up to HK$350 billion (US$45 billion) next year, extending the momentum built this year on the back of mainland Chinese public firms and the technology sector.
KPMG forecast on Wednesday that between 180 and 200 applications would drive the fundraising, representing a 28.7 per cent jump in total value and as much as a 100 per cent leap in deal numbers compared with this year.
“We also expect 2026 to be a pivotal year for......
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09.12.25 - 09:24
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HashKey aims for US$214 million in Hong Kong IPO amid Beijing′s crypto pressure (SCMP)
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Crypto exchange operator HashKey Holdings has launched its share sale in Hong Kong, testing investor appetite amid repeated warnings against virtual currencies by China's central bank.
Hong Kong's largest licensed crypto player set its initial public offering (IPO) price range at HK$5.95 to HK$6.95 apiece for more than 240 million shares, according to a filing on Tuesday. The listing date is December 17.
With the price range, HashKey is eyeing up to HK$1.67 billion (US$214 million). In October,......
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03.12.25 - 03:36
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China′s JD.com unit Jingdong Industrials aims for US$412 million Hong Kong IPO (SCMP)
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Jingdong Industrials, the supply-chain technology arm of JD.com, aims to raise as much as HK$3.21 billion (US$412 million) through a Hong Kong stock offering, joining a wave of Chinese mainland companies tapping into the city's buoyant capital market.
The company said it would offer 211.21 million shares priced between HK$12.70 and HK$15.50 in its primary offering, with the final offer price to be determined on December 10, according to a filing with the Hong Kong stock exchange on......
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