Smart Share Global IPO: Valuation Insights
The net proceeds are $183.6m at the mid-point of the IPO price range. Hillhouse, Apax Master and Xiaomi will subscribe for $110m. Overall, the...
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Bairong IPO Trading - Strong Overall Demand but Comes with Large Retail Allocation
Bairong raised around US$508m in its Hong Kong IPO. We have covered various aspects of the deal in our earlier notes. In this note, we will talk...
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China ADRs- Blocks, Liquidation, Buyback - Implications
On 25th Mar 2021, we wrote about the knee jerk correction in some of the China ADRs. Since then the ADRs have corrected further. In this note, we...
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China Internet Weekly (Mar 29): Margin Call Punched Chinese Equities, Alibaba Plans Store on Tencent
Chinese equities plunged, because a Chinese equity holder had to meet a margin call.Alibaba's Taotao Deals is planning a store on Tencent's WeChat.
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Tencent Holdings – Living By The Sword
TENCENT HOLDINGS: Tencent 4Q20 results were basically in line with consensus, increasing 7% linked quarter. Tencent will be required to create a...
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