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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2465686053?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-09-06 08:52","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2465686053","market":"nz","top_or_hot":-1,"title":"Market Chatter: Midea Group's Hong Kong IPO Seen to Be Largest Since 2021","media":"MT Newswires Live","content":"<html><body><p> 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.</p><p>The world's largest appliance manufacturer plans to start the book-building process as early as Monday, the report said, citing the source.</p><p>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.</p><p>China International Capital Corp. (HKG:3908, SHA:601995) and Bank of America are joint sponsors of the IPO, the SCMP said.</p><p>(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.)</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Market Chatter: Midea Group's Hong Kong IPO Seen to Be Largest Since 2021</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMarket Chatter: Midea Group's Hong Kong IPO Seen to Be Largest Since 2021\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-06 08:52 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.mtnewswires.com/><strong>MT Newswires Live</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://www.mtnewswires.com/\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1233","symbol_name":"餐馆","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2465686053","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2465686053","pubTimestamp":1725583979,"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"Midea Group  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  $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  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","BK1233":"餐馆","IE00B8HQ1Z84.USD":"BNY MELLON GLOBAL EMERGING MARKETS OPPORTUNITIES \"A\" (USD) ACC","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H","LU2097828557.USD":"AZ EQUITY CHINA \"A\" (USD) ACC","LU0052750758.USD":"富兰克林中国基金A Acc","LU0823426480.USD":"法巴中国股票经典Dis","LU2148510915.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"R\" (USD) ACC","BK1501":"阿里概念股","LU2097828631.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC","LU0320764599.SGD":"FTIF - Templeton China A Acc SGD","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","000333":"美的集团","IE00B031HY20.USD":"FSSA CHINA GROWTH \"I\" (USD) INC","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","02555":"茶百道","LU0831093199.SGD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED INCOME \"AM3\" (SGDHDG) INC","LU0791590937.USD":"ALLSPRING  EMERGING MARKTES EQUITY INCOME \"A\" (USD)","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","BK0070":"员工持股","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","02833":"恒指ETF","LU0228659784.USD":"施罗德金砖四国基金","BK0187":"一线龙头","LU1366334651.USD":"ALLSPRING EMERGING MARKETS EQUITY INCOME \"I\" (USD) INC","IE0009570106.USD":"FSSA ASIA OPPORTUNITIES \"I\" (USD) ACC","BK0026":"智能家居","LU1064131003.USD":"FULLERTON LUX FUNDS - CHINA A EQUITIES \"A\" (USD) ACC","IE00B5MMRT66.SGD":"NEUBERGER BERMAN CHINA EQUITY \"A\" (SGDHDG) ACC","HSI":"恒生指数","IE0008368411.USD":"FSSA ASIAN GROWTH \"I\" (USD) ACC","LU0819121731.USD":"HSBC GIF MANAGED SOLUTIONS ASIA FOCUSED GROWTH \"AC\" (USD) ACC","03908":"中金公司","IE00B031HW06.USD":"FSSA ASIAN GROWTH \"I\" (USD) INC","LU0823426308.USD":"法巴中国股票基金","BK0196":"行业龙头","LU2778985437.USD":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"A\" (USD) INC","LU1048596156.SGD":"Blackrock Asian Growth Leaders A2 SGD-H","LU0955669360.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD","IE00B8L5B284.USD":"BNY MELLON GLOBAL EMERGING MARKETS OPPORTUNITIES \"B\" (USD) INC"},"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. 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.)","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2465686053"}