男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Finance

Big-ticket IPOs to drum up investor interest

By Jing Shuiyu in Beijing and Shi Jing in Shanghai | China Daily | Updated: 2018-03-23 13:17
Share
Share - WeChat

Bourses look to attract more listings by innovative companies from tech sector

A fresh batch of Chinese technology companies are seeking to raise funds through initial public offerings this year, with several mega deals on the horizon.

Industry experts said tech firms have a renewed appetite for IPOs at home and abroad, partly in order to enable their shareholders to cash out of investments.

iQiyi Inc, a video streaming unit of search engine giant Baidu Inc, filed for an IPO in New York worth up to $2.4 billion, according to a filing with the US Securities and Exchange Commission.

Meanwhile, Lufax, one of the mainland's largest financial technology companies owned by Ping An Insurance (Group) Co, plans to list on the Hong Kong Stock Exchange in April, according to sources quoted by the South China Morning Post.

Another much-talked-about potential mega IPO is Xiaomi Corp. The smartphone maker is reportedly hoping for a valuation of about $200 billion.

Such deals would easily overshadow the full-year totals for 2017. According to Thomson Reuters, 88 Chinese tech firms raised a combined $7.6 billion worldwide last year.

This year could be a big year for tech IPOs, as investors are looking to cash out their investments and stock exchanges want to attract more new economy companies, an industry expert said.

Li Jian, a director of the central business development department at Deloitte China, said the number of IPO filings on the Chinese mainland and Hong Kong bourses this year is expected to be similar to the high levels of 2017.

IPOs are seen as a traditional method of fundraising, as well as enhancing a company's reputation and its market influence, said Wu Hao, managing director of venture capital relationship management, at SPD Silicon Valley Bank.

But for companies in the science and innovation sector, IPOs are not always necessary, given the availability of rich capital from private equity and venture capital firms, Wu added.

One interesting phenomenon is that these tech firms are so keen on IPOs in order to create liquidity for existing shareholders.

IPOs are one of the two main strategies that entrepreneurs and venture capitalists use to exit deals. Mergers and acquisitions is the other.

"The earlier a startup was founded, the more urgent it is to file for an IPO as some investors have held shares for a long time," Wu said.

In addition, stock exchanges around the world, including those in the Chinese mainland and Hong Kong, are realizing the significance of attracting companies in emerging sectors, he added.

"As the number of IPO-ready companies in traditional sectors is bound to decline, stock exchanges around the world need to attract more innovative companies," he said.

Hong Kong is expected to see an increase in technology listings due to the strong performance of recently listed companies and government support, according to a report from global accounting firm Ernst& Young.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 军事| 北票市| 大足县| 休宁县| 田阳县| 巴里| 宜兰县| 南开区| 嘉荫县| 兴隆县| 涞源县| 和平县| 扶绥县| 保康县| 忻城县| 英山县| 垦利县| 张家港市| 桓台县| 宣化县| 沙湾县| 长寿区| 宁德市| 临城县| 南江县| 杭州市| 昂仁县| 句容市| 织金县| 淮南市| 宜兰市| 桦甸市| 迁安市| 淅川县| 衡阳市| 松桃| 襄樊市| 边坝县| 江陵县| 昆明市| 特克斯县|