Latest news with #HongKongExchange
Yahoo
10 hours ago
- Business
- Yahoo
Shein reportedly plans confidential Hong Kong IPO filing this week
-- Fast-fashion retailer Shein is planning to file a draft prospectus confidentially for its Hong Kong listing as soon as this week, according to a Reuters report on Friday. The China-founded company aims to submit the confidential filing by Monday, the report added. This approach marks a rare departure from the standard practice in Hong Kong, where companies typically make public filings of IPO documents. If approved, Shein's confidential filing would represent a waiver of one of the main listing rules by the Hong Kong exchange. The company is one of the world's most closely-watched IPO candidates and could potentially be the largest listing in Hong Kong this year. Confidential filings provide companies with the advantage of keeping important operational and financial information private for a longer period. This process also allows them to undergo regulatory review without public disclosure. Under Hong Kong's listing rules, confidential filings are normally permitted only for secondary listings by companies that are already listed on recognized overseas exchanges such as the New York Stock Exchange or Nasdaq. Related articles Shein reportedly plans confidential Hong Kong IPO filing this week Microsoft and Nvidia lead the charge toward $4 trillion market cap: Wedbush TotalEnergies acquires 25% stake in Block 53 offshore Suriname from Spain's Moeve
Nikkei Asia
21-05-2025
- Automotive
- Nikkei Asia
CATL ups amount raised to $5.3bn Hong Kong debut on world's top offering this year
SHANGHAI/HONG KONG -- Shares of Contemporary Amperex Technology, better known as CATL, rose in their trading debut on the Hong Kong Exchange on Tuesday, after the Chinese electric vehicle battery maker raised a total of 41 billion Hong Kong dollars ($5.3 billion), after the over-allotment option was fully exercised following the rally. In a filing to the exchange late Tuesday, CATL said that the option to issue additional shares was exercised by coordinators and the underwriters following strong debut-day trading. An extra 20.3 million shares will be issued with trading expected to commence on Friday.
Nikkei Asia
20-05-2025
- Automotive
- Nikkei Asia
CATL surges 16.4% in Hong Kong debut after world's top offering this year
SHANGHAI/HONG KONG -- Shares of Contemporary Amperex Technology, better known as CATL, rose in their trading debut on the Hong Kong Exchange on Tuesday, after the Chinese electric vehicle battery maker raised 35.7 billion Hong Kong dollars ($4.6 billion) in the world's largest share offering so far this year. CATL's shares began trading at HK$296 per share, 12.5% higher than the offer price of HK$263, and closed 16.4% higher at HK$306.20. The closing price gave it a market capitalization of about $166 billion. The company is already listed on the Shenzhen Stock Exchange. Shares of CATL opened 1.7% higher in Shenzhen and ended the day up 1.2% on Tuesday.
Nikkei Asia
20-05-2025
- Automotive
- Nikkei Asia
CATL surges 12.5% in Hong Kong debut after world's top offering this year
SHANGHAI/HONG KONG -- Shares of Contemporary Amperex Technology, better known as CATL, rose in their trading debut on the Hong Kong Exchange on Tuesday, after the Chinese electric vehicle battery maker raised 35.7 billion Hong Kong dollars ($4.6 billion) in the world's largest share offering so far this year. CATL's shares began trading at HK$296 per share, 12.5% higher than the offer price of HK$263, giving it a market capitalization of about $163 billion. The company is already listed on the Shenzhen Stock Exchange. Shares of CATL opened 1.7% higher in Shenzhen on Tuesday.
Nikkei Asia
20-05-2025
- Automotive
- Nikkei Asia
CATL shares jump 12.5% in Hong Kong debut
SHANGHAI/HONG KONG -- Shares of Contemporary Amperex Technology, better known as CATL, rose in their trading debut on the Hong Kong Exchange on Tuesday, after the Chinese electric vehicle battery maker raised 35.7 billion Hong Kong dollars ($4.6 billion) in the world's largest share offering so far this year. CATL's shares began trading at HK$296 per share, 12.5% higher than the offer price of HK$263, giving it a market capitalization of about $163 billion. The company is already listed on the Shenzhen Stock Exchange. Shares of CATL opened 1.7% higher in Shenzhen on Tuesday.
