Ken Wang' s stories
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Xiaomi CDR shows China's hand
Xiaomi’s decision to sell more of its IPO to onshore Chinese investors than previously planned has underlined the regulator’s influence on the inaugural issue of Chinese depositary receipts.
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Xiaomi's IPO sponsors assign valuations of up to US$86bn
The three joint sponsors on Xiaomi’s IPO have valued the Chinese smartphone maker at a range of US$65bn–$86bn, according to pre-deal research reports seen by IFR.
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Xiaomi readies China’s first CDR
Smartphone maker Xiaomi is only weeks away from becoming the first overseas-domiciled company to sell shares in China after regulators began accepting listing applications for Chinese depositary receipts last week.
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IPO pricing reform costs Foxconn
Foxconn Industrial Internet last week nudged China’s IPO market a step closer to market-based pricing with a new approach to its landmark Rmb27.12bn (US$4.25bn) Shanghai listing.
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Foxconn sets template for CDRs
The planned Shanghai IPO of Foxconn Industrial Internet is emerging as an important template in China’s push to attract more listings from the world’s biggest technology companies.
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China's CDR rules need more clarification
China will need to revisit its draft rules on the sale of Chinese depositary receipts before the first overseas company can sell shares on the mainland, market participants said last week.
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Foxconn mulls strategic tranche
The landmark Shanghai IPO of Foxconn Industrial Internet may be the first mainland listing in more than four years to set aside a portion of shares for strategic investors.
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UBS first to raise China stake
UBS has become the first foreign bank to apply for majority ownership of an existing Chinese securities joint venture, days after regulators eased restrictions on foreign investments.
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Biotech treatment shows results
Hong Kong’s bid to position itself as a funding platform for the biotechnology sector is already showing results, with a growing number of companies planning to take advantage of recent reforms.
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WuXi AppTec's IPO to raise just Rmb2.25bn as China's tech push meets A-share valuation cap
China’s first high-profile “new economy” IPO since regulators unveiled plans to attract more technology listings underscores the challenges of going public in the domestic market.
