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…

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Rebounding Atour Nears IPO Finish Line With Slashed New York Offering

The upscale hotel operator’s ninth updated prospectus for a U.S. listing lowers its fundraising target to $62 million from previous $350 million Key Takeaways: Atour has slashed the fundraising target for its long-delayed U.S. IPO plan to $62 million from a previous $350 million The upscale hotel operator’s latest prospectus shows its business rebounded sharply in the third quarter after a big slowdown in the first half of the year By Doug Young If any single company can be said to represent all the ups and downs for U.S.-listed Chinese…

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Can a Strong June Salvage H World Group’s Second Quarter Malaise?

Chinese hotelier is enjoying rising room rates and occupancies at its over 8,000 hotels, but that’s unlikely to offset a disastrous April and May Key Takeaways H World Group’s average occupancy and revpar are recovering after steep declines in April and May due to pandemic restrictions, but still lag 2019 levels Investors are watching whether the company’s loss will narrow in the second quarter on the back of improving hotel performance metrics By Andrew Curran Ahead of soon-to-be-released second-quarter results, hotelier H World Group Ltd. (HTHT.US; 1179.HK) is reporting some…

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