IPOs & Markets
Xinyi Energy’s offering will become the second biggest first-time share sale in Hong Kong this year.
With a few more hours left for the ride-hailing giant to launch its IPO, investors have put in orders for at least three times the amount of stock on
The lower valuation could be due to Luckin’s short track record -- it only started operations in October 2017.
The company, which initially planned to start its IPO roadshow Monday US time, is considering postponing the launch by at least a week.
Companies from the industry have raised a record $3.4 billion in convertible bond sales this year, nearly double the total during all of 2018.
Hillhouse is planning to include more than 1,000 clinics including Ruipeng Pet Healthcare Group Co. in the offering.
A $1.3 billion deal would be the largest first-time share sale in Hong Kong this year amid a relatively slow start.
Vanke would join other Chinese developers such as Country Garden Holdings Co. in spinning off their management units.
The company, which also operates cancer treatment hospitals, aims to sell shares as soon as the second half of the year.
The Shanghai-based e-commerce startup is considering selling shares in Hong Kong or the U.S.
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