KK Group, a Chinese online-to-offline lifestyle retailer that has raised more than USD 400m in venture capital funding, has filed for a Hong Kong IPO.
Singapore-based biotech player Mirxes has raised USD 50m in Series D funding - at a post-money valuation of USD 600m - from the likes of Beijing-based Fupu Capital and Japan's Mitsui & Co, and filed to list in Hong Kong.
China-based gene delivery technology player VectorBuilder has topped up its Series C round - achieving unicorn status in the process - and filed for an IPO on Shanghai’s Star Market.
State-supported deals prop up Asia private equity investment; GPs hustle for liquidity in an unforgiving exit landscape; ex-China mid-market players gain some traction in fundraising
Keep, a China-focused fitness app operator backed by the likes of GGV Capital, SoftBank Vision Fund 2, and 5Y Capital, traded up slightly on debut after raising HKD 313.5m (USD 40m) in a smaller-than-anticipated Hong Kong IPO.
Lu Daopei Medical Group Holding, which runs a network of hospitals in China that specialise in the treatment of blood diseases, has filed for a Hong Kong IPO.
Black Sesame International Holding, a Chinese chipmaker specialising in autonomous driving applications, is among the highest-profile companies in the latest batch targeting IPOs on the Hong Kong Stock Exchange.
Adicon Holdings, a China-based independent clinical laboratory (ICL) services provider backed by The Carlyle Group, gained 12% on debut following a HKD 408.9m (USD 52.2m) Hong Kong IPO.
Dmall, a Chinese O2O retail platform provider for traditional retailers backed by IDG Capital among others, has filed for a Hong Kong IPO.
Jushuitan, which claims to be China’s largest e-commerce software-as-a-service (SaaS) enterprise resource planning (ERP) provider, has filed for a Hong Kong IPO.
A special purpose acquisition company (SPAC) affiliated with Japan’s Advantage Partners has agreed to merge with Jeplan, a local recycling business specialising in plastic waste.
CSI Solar, a Chinese renewables business backed by CDH Investments and Oriza Holdings, increased 18% in value on its first day of trading following a CNY 6bn (USD 840m) IPO.
Mobvoi, which claims to be China’s largest revenue-generating artificial intelligence (AI) company focusing on content generation, has filed for a Hong Kong IPO.
Japan remains a private equity hotspot despite muted buyout activity elsewhere in Asia. Take-private and sponsor-to-sponsor opportunities make for a more textured local market
CompareAsiaGroup, an Asia-focused financial products comparison platform also known as MoneyHero Group, has agreed to merge with a US-listed special purpose acquisition company (SPAC) at an enterprise value of approximately USD 342m.
Cainiao Smart Logistics Group, the private equity-backed logistics unit of Alibaba Group, will be spun off via an IPO as part of the parent company’s broader restructuring effort.
A special purpose acquisition vehicle (SPAC) launched by the family office of Lawrence Ho, son of Macau casino tycoon Stanley Ho, has agreed to merge with the electric vehicle (EV) unit of Vietnam’s Vingroup.
Government guidance funds in China and Toshiba Corporation in Japan papered over obvious cracks in Asia private equity fundraising and investment. Nothing could hide the pain around exits
Beisen Holding, a China-based human resources software-as-a-service (SaaS) platform backed by the likes of SoftBank Vision Fund 2, Goldman Sachs, Matrix Partners China, and Sequoia Capital China, fell 12% on debut following a HKD 238.9m (USD 30m) Hong...
Guoquan, a Chinese hotpot ingredients supplier that now positions itself as a one-stop home meal solutions brand, has filed for a Hong Kong IPO.
Lalatech Holdings, the parent company of Hong Kong delivery platform Lalamove, has filed for an IPO in Hong Kong. This would represent a liquidity event for the likes of Hillhouse Capital, MindWorks Ventures, and Shunwei Capital.
The Hong Kong Stock Exchange (HKEX) has loosened its listing requirements to allow pre-profit technology companies to go public with market capitalisations as low as HKD 6bn (USD 764m).
China-based chatbot company Xiao-I has traded down 17.5% since raising USD 39m in a disappointing NASDAQ IPO on March 9.
With regulatory challenges receding, Chinese companies are once again targeting US listings. But the journey to New York – in terms of approvals, locations, and valuations – isn’t necessarily smooth