Hong Kong Set for Busiest IPO Week This Year With Six Listings

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Hong Kong Set for Busiest IPO Week This Year With Six Listings

Bloomberg07-08

The initial public offerings raised a combined HK$4.3 billionAverage offering size this year dropped 33% from last yearSix companies are set to start trading in Hong Kong this week after raising a ...

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BotakGuy
·07-08
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Chinese authorities said earlier this year that they’d support industry leaders going public in the city after offerings slumped to the lowest level in two decades in 2023.</p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/a6d76525227ccd7ee2fc99c6ad004b31\" tg-width=\"949\" tg-height=\"524\"/></p><p>The six debuts make it the busiest week in Hong Kong since Dec. 18, when seven companies started trading in the financial hub, according to data compiled by Bloomberg. The average size of each IPO in the city this year has dropped to HK$409 million versus HK$616 million in the same period of 2023, the data show.</p><p>The largest company due to start trading on Hong Kong’s exchange this week is aircraft manufacturer Cirrus Aircraft Ltd. with an IPO that’s expected to raise about HK$1.5 billion. The company produces two aircraft product lines that are certified in 60 countries, according to the offering’s prospectus.</p><p style=\"text-align: start;\">The second-biggest newcomer is Chenqi Technology Ltd., a Guangzhou, China-based ride-hailing services firm. The company is backed by China’s Tencent Holdings Ltd. and Guangzhou Automobile Group Co., the Chinese state-backed automaker.</p><p style=\"text-align: start;\">Chenqi Technology ranked second in market share last year in China’s Greater Bay Area covering Hong Kong, Guangdong and Macau, according to the IPO’s prospectus.</p></body></html>","source":"lsy1584095487587","collect":0,"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>Hong Kong Set for Busiest IPO Week This Year With Six Listings</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\">\nHong Kong Set for Busiest IPO Week This Year With Six Listings\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-07-08 15:15 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2024-07-08/six-firms-to-list-in-hong-kong-s-busiest-debut-week-this-year><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The initial public offerings raised a combined HK$4.3 billionAverage offering size this year dropped 33% from last yearSix companies are set to start trading in Hong Kong this week after raising a ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2024-07-08/six-firms-to-list-in-hong-kong-s-busiest-debut-week-this-year\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"06657":"百望股份","02507":"西锐","06086":"方舟健客","01334":"瑞昌国际控股","09680":"如祺出行","02495":"声通科技"},"source_url":"https://www.bloomberg.com/news/articles/2024-07-08/six-firms-to-list-in-hong-kong-s-busiest-debut-week-this-year","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1171060078","content_text":"The initial public offerings raised a combined HK$4.3 billionAverage offering size this year dropped 33% from last yearSix companies are set to start trading in Hong Kong this week after raising a combined HK$4.31 billion ($551 million) in the busiest week this year for IPO debuts.The pickup in listings indicates a recovery in activity in the third quarter after a slow first half. Chinese authorities said earlier this year that they’d support industry leaders going public in the city after offerings slumped to the lowest level in two decades in 2023.The six debuts make it the busiest week in Hong Kong since Dec. 18, when seven companies started trading in the financial hub, according to data compiled by Bloomberg. The average size of each IPO in the city this year has dropped to HK$409 million versus HK$616 million in the same period of 2023, the data show.The largest company due to start trading on Hong Kong’s exchange this week is aircraft manufacturer Cirrus Aircraft Ltd. with an IPO that’s expected to raise about HK$1.5 billion. The company produces two aircraft product lines that are certified in 60 countries, according to the offering’s prospectus.The second-biggest newcomer is Chenqi Technology Ltd., a Guangzhou, China-based ride-hailing services firm. The company is backed by China’s Tencent Holdings Ltd. and Guangzhou Automobile Group Co., the Chinese state-backed automaker.Chenqi Technology ranked second in market share last year in China’s Greater Bay Area covering Hong Kong, Guangdong and Macau, according to the IPO’s prospectus.","news_type":1},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":true,"newsSizeData":{"likeSize":3,"commentSize":1,"repostSize":1,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}