Crystal Tse

Chinese TechCrunch rival 36Kr seeks to raise $100m in US IPO

Chinese companies completed $43 billion of first-time share sales overseas last year, the the most since 2014.

PE-backed Homeplus withdraws $1.5b REIT listing on weak demand

The number of listed REITs in Asia’s fourth-largest economy is still small, with only six publicly traded property trusts out of the total of 222.

China’s Dongzheng Automotive Finance seeks $428m in Hong Kong IPO

Dongzheng Automotive is entering a relatively quiet Hong Kong market for first-time share sales. Deals in the city have raised $1.4 billion this year, about half of the total volume during the same period in 2018.

Tencent-backed online broker Futu set to raise $90m in US IPO

Futu, which helps Chinese investors trade overseas stocks, originally sought to raise about $300 million when it filed confidentially for an IPO.

China’s tech firms push Hong Kong exchange for more changes

From allowing companies to hold super-voting rights to letting key shareholders buy stock in IPOs, tech companies are lobbying the Hong Kong exchange for changes or waivers that would help their businesses.

Go-Jek seeks bank pitches to raise additional $2b in ongoing round

The additional capital from new investors would take the total haul from the current round to around $3 billion.

AB InBev said to pick JPMorgan, Morgan Stanley for Asia IPO

A listing could give AB InBev’s Asian business a value ranging from $40 billion to $70 billion based on early estimates.

China’s Starbucks challenger Luckin Coffee said to eye US IPO

The company could potentially raise $300 million from the IPO and is working with Credit Suisse on the deal.

China’s top movie ticketing app Maoyan seeks up to $345m in Hong Kong IPO

Welight Capital and IMAX China unit will buy a combined $18 million of stock as cornerstone investors.

Anheuser-Busch InBev shares jump on report of Asian business IPO

The world’s largest brewer has been looking to reduce borrowings following its purchase of SABMiller Plc for more than $100 billion in 2016.