A primary listing for the e-commerce company in Hong Kong would not only expand Alibaba’s investor base, but also make the tech giant’s share price a better risk barometer for domestic sentiment in China.
The Chinese insurer aims to raise up to $2.3 billion from the dual-listing. Four cornerstone investors, including Malaysia’s Khazanah, have committed to invest $780 million in the H-share tranche.
The Chinese insurer is expected to raise about $2.3 billion from a dual listing in Hong Kong and Shanghai as secondary markets continue to drop. In other news, Richard Li offers to buy additional shares to support the IPO of HKT Trust.
The Thai rubber producer overcomes a market sell-off to raise $262 million ahead of a dual listing in Singapore, but causes confusion with an erroneous statement saying the deal had been cancelled.
MCC, the world's largest metallurgical engineering and construction firm, kicks off this year's largest Hong Kong IPO, while three more companies start pre-marketing.
More than two years after its IPO, the Singapore-listed beer producer may finally achieve a dual listing that will allow it to sell shares to domestic retail investors.