IPOs & Markets
A deal could value Youdao at about $2 billion.
The company is looking to achieve a valuation of between $10 billion and $12 billion.
Missfresh, which also counts Goldman Sachs and Tiger Global as backers, is looking to fetch a valuation of at least $3 billion.
Hong Kong’s securities regulator said it is reviewing aspects of HKEX’s approach to vetting initial stock sales.
China has long tried to replace foreign with homegrown technology and that effort has gained urgency since Washington and Beijing began to square off
It is proposing to increase the number of ordinary shares eight-fold to 32 billion.
At $20 billion, it would be Hong Kong’s largest share sale since 2010.
Alibaba is in talks with other investment banks seeking a role on the offering.
A second listing is intended to diversify its funding channels and boost liquidity.
Meituan deepened forays into newer arenas from online travel to ride-hailing.
© Copyright DEALSTREETASIA 2014-2019 All rights reserved.
Forgot your password?
We will never share your information with third parties.
Already have an account? Sign in here
If you don’t already have an account click the button below to create your account.
Unlock your competitive advantage in
rapidly evolving cape. Our packages
come with exclusive access to archive
content, data, discount on summit tickets & more
Be a part of our growing community now.