New Ruipeng Trots Out ‘Pet Project’ IPO

China’s largest provider of pet products and services could raise as much as $400 million from its plan to list in New York Key Takeaways: By Doug Young A new “pet project” is trotting its way from China to Wall Street, with potential to become the biggest new Chinese IPO in New York in more than a year. This particular project comes from New Ruipeng Pet Group Inc., which looks like an interesting bet on the huge potential of China’s fast-growing pet market. That’s because the company is head-and-tail above…

Read More »

Chinese Companies Raise Big Bucks in New York, Hong Kong

Eight U.S.- and Hong Kong-listed Chinese companies have collectively raised more than $2 billion this month, mostly through new share issues Key Takeaways: By Doug Young Long-suffering U.S.- and Hong Kong-listed Chinese companies are taking advantage of recent positive sentiment to raise billions of dollars, bringing new meaning to the old adage “make hay while the sun shines.” This month alone, the group has raised more than $2 billion in at least eight deals, led by a $580 million fundraising by data center operator GDS (GDS.US; 9698.HK).   The amount…

Read More »

Chinese Liquor Distiller ZJLD Gives Hong Kong Listing a Shot

The maker of four brands of Chinese spirits has applied to become the first liquor stock to list on the Hong Kong Stock Exchange, with the reported aim of raising up to $400 million Key Takeaways: By Emily Chan Chinese people famously enjoy a tipple, especially a shot of traditional spirits known as baijiu. And often the higher the alcohol content, the higher the price. That’s why distilling is big business in China, and a fiercely competitive market. Against that backdrop,spirits maker ZJLD Group Inc is seeking to blaze a…

Read More »

Autonomous Driving Tech Firm Hesai Takes Pole Position With U.S. IPO Application

The maker of light detection and ranging (LiDAR) technology could become the first major U.S. IPO by a Chinese company in more than a year Key Takeaways: By Doug Young The one-month window between the western and the lunar new years is usually a dead period for Chinese IPOs, as many candidates choose to make such listings when investors return to work after the two major holidays. But this year is shaping up quite differently, as a backlog of companies scramble to get to market in a climate that has…

Read More »

Charged by Surgical Robot’s Approval, Shenzhen Edge Medical Makes New IPO Bid

The medical device maker filed a second time for a Hong Kong IPO after updating its prospectus with the recent approval of its first surgical robot Key Takeaways: By Ellie Si Shenzhen Edge Medical Co. Ltd. hopes the second try will be the charm for its bid to list in Hong Kong, this time armed with a major new product approval. Eight months after its first IPO attempt, the surgical robot maker filed an updated prospectus last week revealing the regulatory nod for a key product that will bring the…

Read More »

Big Banks Test the Waters for New China Listings With QuantaSing IPO

The adult education specialist’s IPO underwriters include Citigroup, as well as two of China’s biggest investment banks Key Takeaways: By Doug Young After hiding in the shadows for nearly two years, the big-name investment banks are quietly testing the waters for a return to underwriting Chinese IPOs in New York. That’s the big story in an IPO filing by QuantaSing Group Ltd. (QSG.US), an adult education company whose newly filed listing plan is most notable for the big names sponsoring it than anything else. The offering is being underwritten by…

Read More »

Lu DaoPei Medical Seeks IPO Cash for Pricey Hospital Plans

Lu DaoPei Medical, named after an expert in stem cell transplants who founded the company, has filed to list on the Hong Kong Stock Exchange   Key Takeaways: By Emily Chan A chain of hospitals specializing in stem cell transplants has filed the first IPO application of the year on the Hong Kong Stock Exchange, banking on the clinical credentials of its founder Lu Daopei to attract funds for expansion. The brains behind Lu DaoPei Medical Group Holding Ltd. has been active in hematology research since 1957. Lu helped to…

Read More »

Huawei-backed Saimo Takes IPO Route Towards Driverless Tech

Saimo Technology, which provides simulation testing for autonomous driving, has filed to list on the Hong Kong Stock Exchange Key Takeaways: By Fai Pui An era of autonomous driving is dawning, as technology increasingly supplants humans at the wheel. But before intelligent cars can take to the open road, they must be proven to be safe. And that requires a mass of programming data as well as sophisticated driving simulations to put the vehicles through their paces, away from the risks of real traffic.  A Chinese provider of these testing…

Read More »