Bilibili Secondary Listing Early Look - Will Probably Be More like JD and NetEase
Bilibili plans to raise around US$3bn in its secondary listing in Hong Kong. The company is said to have filed confidentially in Jan 2021 and is...
429 Views
New Oriental Hong Kong Secondary Trading - Largest ADR/HK Listing Premium Yet
New Oriental Education (EDU US) raised US$1.5bn in its secondary listing. I have covered the background of the deal in my earlier note. In this...
281 Views
GDS Holdings HK Secondary Trading- Strong Coverage but No Discount and Volatile Markets Won't Help
Gds Holdings (Adr) (GDS US) raised around US$1.6bn in its secondary listing in Hong Kong. In this note, I'll talk about the deal dynamics and...
371 Views
New Oriental Hong Kong Secondary - Might Be Relatively Small
New Oriental Education (EDU US) plans to raise around US$1bn in its secondary listing in Hong Kong. While the company has filed its PHIP, the exact...
276 Views
GDS Holdings Hong Kong Secondary - Going Big. Will Almost Become Net Cash, for a While.
Gds Holdings (Adr) (GDS US) plans to raise around US$1.6bn in its secondary listing in Hong Kong. I had covered the background of the deal in my...
297 Views