IPO
PE-backed Jintian Pharmaceutical eyes $273m HK IPO
Jintian Pharmaceutical Group, a Chinese pharmaceutical retailer and distributor backed by CVC Capital Partners and SEAVI Advent Private Equity, is seeking to raise as much as $273 million through an IPO in Hong Kong.
China's 500.com jumps 54% on NYSE debut
Shares in VC-backed 500.com gained 54% as the Chinese online sports lottery provider made its US trading debut on Friday. The stock peaked at $21.85 before closing at $20.01, valuing the company at $700 million.
JAFCO-backed ZIGExN raises $58m in Tokyo IPO
ZIGExN, a JAFCO portfolio company that runs network of search engine websites, saw its stock more than double to JPY1750 on its first day of trading following a JPY5.8 billion ($58 million) Tokyo IPO.
Norway fund, Oaktree among anchors for China Cinda IPO
Norway’s sovereign wealth fund and Oaktree Capital Management are two of 10 cornerstone investors that will cover up to 44% of China Cinda Asset Management Corp’s IPO. The company, originally set up to absorb non-performing loans (NPLs) from China’s...
Sungy Mobile stock closes up 19% after $78.5m US IPO
Sungy Mobile, a Chinese app developer backed by IDG Capital Partners, JAFCO, WI Harper and China Broadband Capital (CBC), saw its stock jump 19% on its first day of trading on NASDAQ to close at $13.35.
AD Capital-owned Spring REIT to raise $229m in HK IPO
Spring REIT, a real estate investment trust owned by AD Capital, is looking to raise up to $229 million through a Hong Kong IPO. The REIT owns two office buildings in Beijing's China Central Place.
PE-backed China Cinda to raise $2.5b in Hong Kong IPO - report
PE-backed China Cinda Asset Management Corp, one of four groups set up to absorb non-performing loans (NPLs) from the country’s Big Four state-owned banks, is expected to raise up to $2.5 billion in its Hong Kong IPO.
VC-backed 500.com revises IPO pricing, targets $86.5m
VC-backed Chinese online sports lottery provider 500.com has increased the indicative price range for its US IPO, putting the company on course to raise up to $86.5 million.
China to modify IPO approvals system
The China Securities Regulatory Commission (CSRC) will move towards a registration-based system for IPOs in place of the current approval-based system. This is intended to make it easier for companies, especially smaller ones, to raise capital.
Australian Tax Office warns foreign investors on compliance
The Australian Taxation Office (ATO) has written to 130 private equity firms offering to “assist with their compliance” as it scrutinizes the pipeline of upcoming IPOs to ensure foreign investors don’t avoid paying local tax.
Temasek, Greenwoods back Phoenix Healthcare IPO
Temasek Holdings and Shanghai-based Greenwoods Investment have made a pre-IPO investment in Phoenix Healthcare Group, picking up a 10% stake in the company for RMB165 million ($26.8 million).
Exits: Stuck in China
The weak IPO market has left many China PE firms holding assets for longer than expected. While growth deals will remain dominant, there will be change in how and with whom they are done
PE-backed Shuanghui eyes $6b HK IPO - report
Shuanghui International Holdings, the PE-backed Chinese meat processing company which recently acquired US pork producer Smithfield Foods, has reportedly hired six banks as sponsors for its intended $6 billion Hong Kong IPO next year.
Globis, Intel-backed V-Cube files for Tokyo IPO
V-Cube,a Japanese developer of web-conferencing and webinar systems backed by Intel Capital and Globis Capital Partners, has filed for its Tokyo IPO.
KKR targets $474m Bis Industries IPO – report
KKR is reportedly planning a December IPO for Australian mining logistics company Bis Industries, with marketing to institutional investors to begin this week.
Apollo, Oaktree-owned Nine Entertainment targets $658m IPO
Australian TV network Nine Entertainment - which is backed by US hedge funds Oaktree Capital Group and Apollo Global Management - is looking to raise up to A$697 million ($658 million) in its IPO set for December. The capital raised will be use to pay...
Qunar shares nearly double on NASDAQ debut
Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, saw its stock nearly double on the first day of trading on NASDAQ on Friday. It betters the 42% gain posted by VC-backed Chinese classifieds website 58.com a day earlier.
Hony-backed Hydoo raises $200m in HK IPO
Hydoo International Holdings, a Chinese commercial real estate developer backed by Hony Capital, has raised more than $200 million in a Hong Kong IPO.
Baidu, VC-owned Qunar ups US IPO target
Qunar, a Chinese-travel website majority-owned by internet search giant Baidu, has increased the indicative price range for its forthcoming IPO and is now expected raise as much as $155.4 million.
China classifieds site sees shares close up 42% on US debut
Chinese online marketplace 58.com – a classifieds website along the lines of Craigslist, backed by Warburg Pincus, SAIF Partners and DCM – saw its shares close up 42% on the first day of trading on the New York Stock Exchange. Coming in the wake of...
Chinese game developer Boyaa plans $133m HK IPO
Boyaa Interactive, a Chinese developer of online board and card games backed by Sequoia Capital, intends to raise as much as HK1.03 billion ($133 million) through an IPO in Hong Kong. It is the third game developer to pursue a listing in the city this...
Jafco-backed Ride On Express files for Japan IPO
Ride On Express, a Japanese food delivery franchise operator backed by Jafco Ventures, has filed for a Tokyo IPO.
Startive Ventures-backed Freelancer targets small-cap IPO
Online jobs marketplace Freelancer.com has filed for its initial public offering on the Australian Securities Exchange with a view to raising A$15 million ($14.43 million). Startive Ventures owns 42% of Freelancer, chief executive Matt Barrie has 50%...
VC-backed Chinese lottery site files for $150m US IPO
VC-backed Chinese sports lottery provider 500.com has made an initial filing to raise around $150 million through an IPO on the New York Stock Exchange.