Pinduoduo: Key Takeaways from Our Discussion with the IR Team (Part I) – Cooked Books?
We reached out to Pinduoduo (PDD US)’s IR team for comment about the concerns we had in our previous note, Pinduoduo: Inflated Top Line, Inflated...
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JD.com Secondary Listing: Capital Allocation and Balance Sheet Efficiency Views
JD.com Inc (ADR) (JD US) has covered its Hong Kong secondary listing, according to press reports. JD.com will price its Hong Kong offer on 11 June....
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NetEase Secondary Listing: Trading Debut
NetEase (9999 HK) will commence trading in Hong Kong on Thursday, 11 June. NetEase priced its Hong Kong secondary listing at HK$123 per share....
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JD Secondary Listing - Behaving Better than NetEase, so Far
JD.com Inc (ADR) (JD US) ADR is now trading 4% above their undisturbed price, as of 3rd Jun 2020. This is nearly half the increase in share price...
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NetEase Secondary Trading Update - Index Flows to Provide near Term Support
NetEase Inc (NTES US) raised US$3.1bn (including over-allocation) via its secondary listing in Hong Kong. I've covered various aspects of the deal...
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