IPO - TechWire

IPO

06:48

                            The Hong Kong IPO market is hot, and the A+H listing model continues to heat up
                        
                            Data shows that as of press time on June 10, a total of 190 companies were queuing up at the Hong Kong Stock Exchange, most of which were from mainland China. Among the companies queuing up for Hong Kong IPOs, nearly 30 companies, including Dongpeng Beverage, Sany Heavy Industry, and Will Group, have already been listed on the A-share market. Recently, several A-share listed companies, including Stone Technology, BlueFocus, and EVE Energy, have announced plans to issue H-shares and list on the Hong Kong Stock Exchange, adding more heat to the wave of A-share companies going public in Hong Kong. Institutional sources said that driven by factors such as the listing of multiple large IPOs, improved liquidity, and favorable policies, the Hong Kong stock IPO market is expected to accelerate its recovery this year, and the listing of high-quality companies in Hong Kong will further enhance the attractiveness of Hong Kong stocks in major global markets.
                        
03:57

                            AI can now handle up to 95% of drafting an IPO prospectus, Goldman Sachs, GS, CEO has said
                        
22:37

                            Honor CFO Peng Qiuen: The listing process will be initiated in due course
                        
                            Regarding the progress of the IPO, Honor CFO Peng Qiuen said in an interview that the company will complete the shareholding reform by the end of 2024, and has currently hired securities firms, law firms, accountants, etc., and all preparatory work is being actively carried out. However, listing is a combination and mutual choice between enterprises and the capital market. On the one hand, Honor is undergoing various changes and business transformations. On the other hand, listing has high requirements for corporate governance, transparency, and compliance operations. Honor also hopes to improve its corporate governance level through the listing opportunity. In the future, it will choose the right time to go public in combination with the development of the company.
                        
15:11

                            Sources: Xiyin plans to submit a prospectus for a Hong Kong listing in the coming weeks after its IPO plans in London encountered obstacles.
                        
11:10

                            Zhu Xiaokang, founder of Longqi Technology: Using AI investment to feed back technological progress
                        
                            On May 16, Zhu Xiaokang, founder of Longcheer Technology Co., Ltd., said that AI has a significant enabling effect on the investment field, and investment can in turn promote technological development. He believes that quantitative investment is expected to become the "DeepSeek moment" in China's financial sector. Zhu Xiaokang believes that the A-share technology innovation sector already has considerable investment scale and attractiveness. Currently, there are more than 1,900 listed companies on the Science and Technology Innovation Board and the ChiNext, and their market value accounts for about 21% of the total market value of A-shares. This ratio has remained generally stable in recent years. In terms of return performance, from January 2020 to the end of April 2025, the weighted average return of the Science and Technology Innovation Board and ChiNext stocks reached 11.3%, close to the 13.9% performance of Nasdaq during the same period. "This is a track with considerable investment value." Zhu Xiaokang said that this year, Longqi Technology responded to market trends and regulatory calls and specially developed an investment strategy for the science and technology innovation sector. In just over four months, it has achieved an excellent return of more than 20%.
                        
12:16

                            Shenzhen (Bay Area) International Brand Week kicks off
                        
                            On May 9, the 9th Shenzhen (Bay Area) International Brand Week and the 2025 China Brand Day Shenzhen Local Characteristic Activities opened, further creating a good atmosphere for the whole society to pay attention to Shenzhen brands and enhance the international influence of "Shenzhen Brands". At the event, the list of winners of the 11th International Reputation Brands and the 22nd Shenzhen Well-known Brands (Bay Area Well-known Brands) was announced. Among them, 7 corporate brands including Clou Electronics, Lanhe Technology, Absen, Kangguan, Jufei Optoelectronics, Baseus Technology, and Libang were selected as the 11th "International Reputation Brands"; Insta360, Youhuijia, Jiaxian Communication, MLAY, World, Xinjingcheng, Laifen and other 85 corporate brands were listed in the 22nd Shenzhen Well-known Brands (Bay Area Well-known Brands); Vanward, LIPO Li Bai Glasses, Airland, Capxon and other 295 brands passed the re-examination, and the Shenzhen Well-known Brands continued to be valid, and were awarded the title of "Bay Area Well-known Brands".
                        
04:12

                            Nasdaq China Golden Dragon Index closed up 0.42%; Pony.ai and WeRide both surged
                        
                            Most Chinese stocks rose, with the Nasdaq China Golden Dragon Index closing up 0.42%. WeRide rose more than 31% and Pony.ai rose more than 47%. On May 6, they announced the expansion of cooperation or reached cooperation with Uber.
                        
15:43

                            U.S. lawmaker urges JPMorgan, BofA to pull out of CATL IPO
                        
                            JPMorgan Chase and Bank of America (BofA) should pull out of the IPO of Chinese battery giant CATL, a U.S. Republican lawmaker said on Thursday.
                        
17:37

                            Wuhan Xinxin IPO review status updated to "Inquiry"
                        
                            On March 31, Wuhan Xinxin's IPO review status was updated to inquiry, and the prospectus was updated. The latest performance shows that from January to September 2024, the company's total operating income was 3.146 billion yuan, and the net profit attributable to the parent company's owners was 138 million yuan. Yangtze Memory Technologies Holdings Co., Ltd. is the company's largest shareholder, holding 68.19% of the shares.
                        
04:09

                            Nasdaq Golden Dragon China Index initially closed down 3.1%
                        
                            The Nasdaq Golden Dragon China Index initially closed down 3.1%. Popular Chinese concept stocks generally fell, with Hesai Technology falling about 12%.
                        
20:55

                            Market news: AI startup CoreWeave plans to reduce its IPO size to $1.5 billion and price to $40 per share. The company is expected to announce new IPO terms later Thursday.
                        
18:02

                            Sources: AI startup Cerebras' IPO faces further delays due to extended U.S. national security review.
                        
15:49

                            Insider: Lens Technology's Hong Kong IPO is expected to be completed in July or August this year
                        
                            Lens Technology's IPO in Hong Kong has attracted market attention. A person familiar with the company revealed, "The company announced that the number of H shares to be issued will not exceed 7% of the total share capital after issuance. This is taking into account the situation of oversubscription, and it is expected to be issued at a ratio of about 5%. The listing time is expected to be July or August this year."
                        
17:06

                            Aiguo Holdings' US IPO is registered with China Securities Regulatory Commission
                        
                            The International Cooperation Department of the China Securities Regulatory Commission issued a registration notice on the overseas issuance and listing of AIGO HOLDING LIMITED. The company has received the overseas issuance and listing registration materials submitted by Fuzhou Patriot Star Optoelectronics Technology Co., Ltd. The company plans to issue no more than 3.5525 million common shares and list on the Nasdaq Stock Exchange in the United States.
                        
22:32

                            The Nasdaq China Golden Dragon Index's decline widened to 3%, with component stocks Bilibili (BILI.O) plummeting 7.6%, NetEase Youdao (DAO.N) falling 6.5%, and Kingsoft Cloud (KC.O) falling more than 5%.
                        
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