IPO
China fintech specialist Pintec files for US listing
Pintec Technology, a Chinese financial technology business backed by Ventech China, Xiaomi Ventures, and Matrix Partners China, among others, has filed for a US IPO.
VCs see opening for Southeast Asia exits – AVCJ Forum
Venture capital firms in Southeast Asia see a growing range of exit avenues thanks to a maturing local start-up market and increasing interest from global investors.
Chinese car transaction services platform targets $150m US IPO
Cango, a private equity-backed Chinese automotive transaction services platform that brings together car dealerships, buyers, and financial institutions, is seeking to raise up to $150 million through a US IPO.
China-owned Opera Software files for US offering
Opera Software, a Norwegian web browser developer acquired by a PE-backed Chinese consortium in 2016, is looking to raise up to $115.2 million in a US IPO.
VC-backed 51 Credit Card completes $129m HK IPO
51 Credit Card, a Chinese online credit card management platform backed by the likes of Tiantu Capital, GGV Capital, and Shunwei Capital, raised HK$1 billion ($128.5 million) in its Hong Kong IPO.
Asia exits have 'never been easier,' GPs say - AVCJ Forum
Private equity exits in Asia are on a roll, driven by rising Chinese strategic interest and the emergence of larger pan-regional private equity firms looking for secondary buyouts, industry participants told the AVCJ USA Forum.
2Q analysis: Flipping out
Flipkart sets the tone as strategics deliver tech trade sale exits; Chinese internet players and healthcare are the trendsetters in investment; buyouts, venture stand out in Asia fundraising
Tencent prepares for IPO of PE-backed music business
Tencent Holdings has taken the first step towards a US listing for its music streaming business, in which PAG Asia Capital is a minority investor.
Xiaomi raises $4.7b in Hong Kong IPO
Chinese smart phone maker Xiaomi has raised HK$37 billion ($4.72 billion) in its Hong Kong IPO at a valuation of $54 billion – well below the totals it had originally targeted.
Hong Kong's PE-backed WeLab files for IPO
WeLab, a Hong Kong financial technology provider with backers including Alibaba Group, the International Finance Corporation (IFC), and Malaysia’s Khazanah Nasional, has filed for an IPO.
Milltec, Indiamart file for India IPOs
Indian agricultural processing equipment maker Milltec Machinery and online marketplace Indiamart have filed for IPOs. Milltec’s private equity backer Multiples Alternative Asset Management and Indiamart investors Intel Capital, Accion International...
Chinese social e-commerce player Pinduoduo files for US IPO
Pinduoduo, a Chinese social e-commerce platform that counts Tencent Holdings and a string of venture capital firms among its investors, has filed for an IPO in the US.
PE-backed BabyTree to list in Hong Kong
BabyTree, a Chinese parent-focused social networking platform that has received backing from the likes of Fosun Group and Alibaba Group, has filed for a Hong Kong listing.
Cancer drug developer Innovent Biologics files for HK IPO
Innovent Biologics, a Chinese drug developer company with a number of PE backers, has filed for an IPO in Hong Kong under recently introduced rules allowing listings by biotech companies with no revenue or profits.
Helion, Kedaara set for partial exits in Indian MFI's IPO
Helion Venture Partners and Kedaara Capital are set to make partial exits in the IPO of Spandana Sphoorty Financial, an Indian microfinance institution (MFI).
Uxin trades up on debt after $225m US IPO
Chinese used car trading platform Uxin Group gained 10% on its first day of trading on NASDAQ following a $225 million IPO that was scaled back in terms of size and pricing.
China Renaissance targets $800m in Hong Kong offering
China Renaissance Holdings has filed for an IPO in Hong Kong that will support the expansion of its investment banking, investment management, and wealth management businesses. AVCJ understands the firm is planning to raise $800 million at a valuation...
Meituan-Dianping set for bumper Hong Kong listing
Meituan-Dianping, China’s leading online-to-offline (O2O) platform that offers lifestyle services ranging from hotel booking to food delivery to bike-sharing, has filed for an IPO in Hong Kong.
PE-backed Cushman & Wakefield prepares for US listing
A global commercial property services provider that TPG Capital and PAG Asia Capital created through the merger of Australia’s DTZ with US-based Cassidy Turley and Cushman & Wakefield, has filed for a US IPO.
Kedaara, Partners Group-owned Aavas files India IPO
Aavas Financiers, the former mortgage arm of Indian non-banking finance company Au Financiers acquired by Kedaara Capital and Partners Group in 2016, has filed for an IPO that will provide partial exits to both investors.
Hong Kong biotech IPOs: Capital injection
The move to allow zero-revenue biotech companies to list in Hong Kong has spurred investor interest in healthcare. But valuations are high and success in this capital-intensive space is by no means guaranteed
PE-backed VCredit raises $152m in HK IPO
VCredit, a Chinese online consumer finance platform with private equity backers including TPG Growth, has raised HK$1.2 billion ($152 million) in its Hong Kong IPO.
Creador-backed Vectus files India IPO
Vectus Industries, an India-based maker of water storage and piping products, has filed for an IPO that will provide a full exit for its private equity backer Creador.
PE-backed Craftsman files for India IPO
Indian automobile and heavy equipment component manufacturer Craftsman Automation has filed for an IPO. The International Finance Corporation (IFC) and Standard Chartered Private Equity will make partial exits in the offering.
