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IPO

Hong Kong stock exchange operator HKEX sees profit slip 13% as lower turnover, fewer listings weigh

by Anas Siddiqui
Hong Kong stock exchange operator HKEX sees profit slip 13% as lower turnover, fewer listings weigh

“HKEX demonstrated its strength and resilience in the first quarter of the year,” Bonnie Chan Yiting, its newly appointed CEO, said in a statement issued during the noon trading break …

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Hong Kong accounting industry grows as ESG, Greater Bay Area opportunities draw young professionals: HKICPA president

by Anas Siddiqui
Hong Kong accounting industry grows as ESG, Greater Bay Area opportunities draw young professionals: HKICPA president

Hong Kong’s accountancy industry has attracted more young professionals in recent years despite a downturn in new share listings, according to the new head of an industry body. The Hong …

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Chinese bubble-tea maker Chabaidao sinks 27% on Hong Kong debut as investors offload shares in biggest IPO of the year

by Anas Siddiqui
Chinese bubble-tea maker Chabaidao sinks 27% on Hong Kong debut as investors offload shares in biggest IPO of the year

Sichuan Baicha Baidao Industrial, which owns and operates a chain of bubble-tea shops in mainland China, tanked on its first day of trading in Hong Kong, as investors shunned the …

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China’s Chabaidao share price plunges as much as 40% in Hong Kong IPO

by Walter Watson
China’s Chabaidao share price plunges as much as 40% in Hong Kong IPO

Iced cold bubble tea on a hot summer day. D3sign | Moment | Getty Images Shares of Chinese bubble tea chain Chabaidao tumbled almost 40% on its trading debut on …

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Chinese market regulator CSRC’s support will divert scores of mainland firms’ IPOs to Hong Kong, analysts say

by Anas Siddiqui
Chinese market regulator CSRC’s support will divert scores of mainland firms’ IPOs to Hong Kong, analysts say

A number of mainland Chinese firms are expected to shift their fundraising plans to Hong Kong following the recent tightening of domestic listing rules and measures by the mainland’s market …

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Chinese lidar sensor maker Hesai eyes European plant as adoption of technology widens amid falling costs

by Anas Siddiqui
Chinese lidar sensor maker Hesai eyes European plant as adoption of technology widens amid falling costs

Hesai Group, one of the world’s top makers of lidar sensors used in smart cars, has set its sights on Europe, buoyed by its efforts to make the once-expensive components …

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China’s market regulator launches 5 measures to help rescue Hong Kong’s battered stock market

by Anas Siddiqui
China’s market regulator launches 5 measures to help rescue Hong Kong’s battered stock market

The measures include plans to relax the eligibility criteria for exchange-traded fund (ETF) products in the Stock Connect mechanism that links the two financial hubs. The watchdog also aims to …

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Chinese tea shop giant Sichuan Baicha Baidao aims to raise US$330 million in Hong Kong’s biggest IPO of 2024

by Anas Siddiqui
Chinese tea shop giant Sichuan Baicha Baidao aims to raise US0 million in Hong Kong’s biggest IPO of 2024

Chinese tea shop giant Sichuan Baicha Baidao Industrial aims to raise HK$2.5 billion (US$330 million) in a Hong Kong initial public offering (IPO), set to be the city’s largest new-share …

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Philippines’ Hotel101, founded by Jollibee owner, eyes million-room, 100-country milestones while standardising rooms with dynamic pricing

by Anas Siddiqui
Philippines’ Hotel101, founded by Jollibee owner, eyes million-room, 100-country milestones while standardising rooms with dynamic pricing

“The listing in Nasdaq will elevate the brand in a totally different way, globally,” said Yulo-Luccini. “And as we build more hotels, the more recognised the brand will be, the …

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Trump tries to boost support for Truth Social as his media stock tanks

by Vera Ward
Trump tries to boost support for Truth Social as his media stock tanks

Donald Trump on Friday urged his followers to support his social media app Truth Social, as its parent company’s stock continues to sink lower. Trump in a post on that …

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