Market Chatter: Midea Group's Hong Kong IPO Seen to Be Largest Since 2021

MT Newswires Live09-06

Midea Group (SHE:000333) aims to raise at least $3 billion in what is expected to be Hong Kong's largest initial public offering in three years, the South China Morning Post reported Thursday, citing an unnamed source.

The world's largest appliance manufacturer plans to start the book-building process as early as Monday, the report said, citing the source.

Midea's IPO is the largest since Baidu's (HKG:9888) $3.08 billion IPO in March 2021. It is also seen to be the largest offering this year, topping that of tea drink maker Sichuan Baicha Baidao Industrial (HKG:2555) at HK$2.58 billion or $330 million in April, the report said.

China International Capital Corp. (HKG:3908, SHA:601995) and Bank of America are joint sponsors of the IPO, the SCMP said.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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It is also seen to be the largest offering this year, topping that of tea drink maker Sichuan Baicha Baidao Industrial  at HK$2.58 billion or $330 million in April, the report said.China International Capital Corp.  and Bank of America are joint sponsors of the IPO, the SCMP said.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"89888":"百度集团-SWR","513600":"恒生指数ETF","601995":"中金公司","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","LU0819121731.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (USD) ACC","BK1501":"阿里概念股","IE0008368411.USD":"FSSA ASIAN GROWTH \"I\" (USD) ACC","IE00B031HW06.USD":"FSSA ASIAN GROWTH \"I\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","IE00B8HQ1Z84.USD":"BNY MELLON GLOBAL EMERGING MARKETS OPPORTUNITIES \"A\" (USD) ACC","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","IE00B8L5B284.USD":"BNY MELLON GLOBAL EMERGING MARKETS OPPORTUNITIES \"B\" (USD) INC","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","BK0070":"员工持股","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","BK0187":"一线龙头","LU0052750758.USD":"富兰克林中国基金A Acc","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","LU0823426480.USD":"法巴中国股票经典Dis","03908":"中金公司","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","BK0026":"智能家居","000333":"美的集团","LU2097828714.EUR":"AZ EQUITY CHINA \"BAZ\" (EUR) ACC","LU0359201612.USD":"贝莱德中国基金A2","LU2097828805.USD":"AZ EQUITY CHINA \"A-AZ\" (USD) ACC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","HSI":"恒生指数","02833":"恒指ETF","IE00B031HY20.USD":"FSSA CHINA GROWTH \"I\" (USD) INC","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","BK0196":"行业龙头","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0791590937.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"A\" (USD)","LU0228659784.USD":"施罗德金砖四国基金","BK1233":"餐馆","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","IE0009570106.USD":"FSSA ASIA OPPORTUNITIES \"I\" (USD) ACC","LU0856984785.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"ACH\" (SGDHDG) ACC","LU1820825898.SGD":"Aberdeen Standard SICAV I - China A Share Equity A Acc SGD-H","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC","02555":"茶百道"},"translate_title":"市场热议：美的集团香港IPO规模创2021年以来最大","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"89888":0.6,"513600":0.6,"601995":0.9,"02555":1,"000333":0.9,"03908":0.9,"HSI":0.9,"MCHmain":0.6,"02833":0.6,"HHImain":0.6},"content_text":"Midea Group (SHE:000333) aims to raise at least $3 billion in what is expected to be Hong Kong's largest initial public offering in three years, the South China Morning Post reported Thursday, citing an unnamed source.The world's largest appliance manufacturer plans to start the book-building process as early as Monday, the report said, citing the source.Midea's IPO is the largest since Baidu's (HKG:9888) $3.08 billion IPO in March 2021. 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