Webstock Information Systems, China’s derivatives trading software manufacturer, applied for an IPO on Shenzhen’s ChiNext board for the second time, reported Caixin. Webstock applied to the Shenzhen Stock Exchange on Friday with plans to sell a maximum of 13.34 million shares. The company’s IPO follows efforts to grow the derivatives market to meet rising demand […]
Category: Markets
Ride-hailing app Didi Chuxing raised over $4 billion in one of the biggest overseas initial public offerings (IPOs) since 2014, reported the Financial Times. Selling shares at $14 a share, Didi attained a market capitalization of over $67 billion, surpassing the $65 billion valuation in 2018 when private investors bought into the company. Didi intends […]
Semiconductor producer Loongson Technology filed an initial public offering (IPO) in Shanghai as it moves towards its goal of making home-grown chips, reported the South China Morning Post. The Beijing-based company aims to raise RMB 3.5 billion ($542 million) across 41 million shares on Shanghai’s Science and Technology Board, also known as the Star Market. […]
The second quarter of 2021 saw Chinese technology company listings on the stock market fall in value by over 60%, mostly due to a continued clampdown on the sector by Beijing, reported the Financial Times. According to the FT, data from Dealogic shows that Chinese tech initial public offerings (IPOs) were around two-thirds lower in […]
Chinese ride-hailing company Didi Global, is aiming to reach a valuation of between $62 billion and $67 billion its upcoming initial public offering (IPO), reports the Wall Street Journal. Reporting on Didi’s latest public filing, the WSJ continues by saying that the full valuation could pass $70 billion if restricted stock units are included in […]