Airbnb is going to raising about $3 billion via the IPO and looks to increase its valuation to about $30 billion.
The impact of these suspensions has taken its toll on Alibaba and the company’s shares beyond Asia and the company’s stock lost about 8% on Tuesday on NYSE.
Ant Group receives a regulatory summons to halt its IPO that was scheduled for a dual listing in Hong Kong and Shanghai. The Chinese regulators have asked the Alibaba-backed company for additional disclosures.
As internal sources said, the fintech giant would face scrutiny as well as restrictions on capital and leverage similar to banks.
Wealth management firm Lufax began trading on the NYSE with a 14% dip from its IPO price. Lufax CEO is not ruling out Asian market expansion in the long term.
Ant Group raised over $34.5 billion in Hong Kong and Shanghai. The company recorded a huge retail investors bid of $3 trillion which equals the Gross Domestic Product (GDP) of the United Kingdom.
Australia’s first capital raising platform to accept AUD and cryptocurrency, which operates an aquaculture farm in Malaysia, is accepting crypto assets in its first initial public offering (IPO).
Having raised substantial capital through the IPO, Root will be able to offset its $200 million debt in the near future.
Ant Group institutional order book of the $17.2 billion Hong Kong listing was due to close on Thursday, but it will be closed earlier.
According to the regulatory filings, Ant Group shares are set to start trading in Hong Kong from November 5.
Sources familiar with the matter said that ByteDance is in talks with investments for a proposed Douying listing on the HKEX. This will be another major listing on Hong Kong along with the upcoming Ant Group listing.
As per the market estimates, the Jack Ma-backed Ant Group will list its shares at the Hong Kong and the Shanghai STAR at 69 yuan per share price. This could further boost Shanghai’s status as the fastest ever-growing market in the world.
Shanghai-based wealth management company Lufax is looking to raise up to $2.36 billion in its proposed Initial Public Offering for eventual listing on the New York Stock Exchange.
Ant Group is expected to hold its IPO in Hong Kong, however, the details are still unclear.
However, Didi has not officially confirmed the IPO plans and a planned schedule has not been drafted.