Chinese P2P lender Weidai starts trading on NYSE

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Backed by Vision Knight Capital, Weidai claims to be the largest auto-backed financing solutions provider in China in terms of volume in the past three years.

Weidai

Tencent-backed Mogu said to halve US IPO valuation target

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The IPO would mark the latest in a string of debuts this year by companies backed or controlled by Tencent, a serial investor in China’s tech scene.


Crypto miner Canaan lets $400m Hong Kong IPO application lapse

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Canaan’s lapsed application comes two weeks after Hong Kong’s SFC said it would bring “virtual assets” such as cryptocurrencies further within its regulatory net.


Shanghai stock exchange seeks opinion on launch of China tech board

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Around 20 Chinese firms hope to list on the planned technology board, with the first coming as soon as the first quarter of 2019.


Chinese P2P lender Weidai scales back US IPO target to $45m

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At the midpoint of the proposed range, Weidai would command a market value of $700 million.


Alibaba-backed Babytree slashes Hong Kong IPO size, seeks up to $281m

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Babytree had originally aimed to raise $1 billion in its initial public offering, but falling markets forced the company to lower its target.


Thai property developer Chaopraya Mahanakorn eyes $22.74m via IPO

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The firm intends to use the IPO proceeds for new condominium projects, acquiring land plots, loan repayment and working capital.


Tencent-backed travel firm Tongcheng-Elong cuts HK IPO size as market tanks

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The company had earlier been seeking to raise up to $1 billion, but weak markets and a slide in Ctrip’s share price forced it to slash the size of the IPO.


EDBI-backed biotech firm Moderna Therapeutics files for $500m IPO

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Moderna, valued at $7.5 billion, secured $500 million in a round participated by Singapore-based EDBI and Sequoia Capital China in February.


Nomura, Daiwa to lead sales push for SoftBank IPO, Japan’s biggest offering

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Nomura Holdings Inc and Daiwa Securities Group Inc will lead the sales effort for Japan’s biggest initial public offering ever, the sale of stock in SoftBank Group Corp’s domestic wireless operation.