By Fiona Lau
The online food delivery-to-ticketing services platform priced its Hong Kong IPO near the top end of an indicative range
China Renaissance, founded in 2005 by former Morgan Stanley banker Bao Fan, is an early investor in a number of Chinese technology companies including Meituan Dianping.
The IPO priced at $6.25, at the low end of its $6.25 to $8.25 target price range, will value NIO at $6.4 billion
The IFC is also partially exiting Angel Broking by selling shares worth $16.5 million.
The micro financier is also looking to launch its IPO in the next 12-15 months to help some of its investors sell their stakes.
Cornerstone investors including Chinese investment firm Hillhouse Capital and Morgan Stanley have agreed to buy a combined $375 million of stock in the offering
To date, aCommerce has received a total of $96.5 million in investment from industry leaders such as KKR’s Emerald Media, BlueSky, DKSH, Inspire Ventures, Sinarmas and NTT Docomo.
The low-cost airline had been seeking to raise up to $250 million in an IPO this year to fund its expansion programme.
There are plenty of opportunities in the overseas markets, but we have a very good customer base in China… We would like to be rooted in China and focus on the domestic market first, Meituan’s co-founder and CEO Wang Xing said.
SoftBank Group Corp. has told potential underwriters seeking a large role in the blockbuster IPO of its Japanese wireless unit that they should offer to lend to other parts of the parent company’s empire