By Jonathan Breen
09.00 AM
Chinese financial technology platform Futu Holdings has raised $1.24bn from a follow-on offering of its American depository shares (ADS). The issuer was able to navigate volatile markets thanks to support from a large global fund. Bookrunners Bank of America and Haitong International priced the ADS sale on Wednesday morning in Hong Kong, with Futu settling at $130 a share, said a source close to the deal. The Nasdaq-listed company sold 9.5m ADS in the follow-on; each represents eight of its class A ordinary
. Already a subscriber? Login
By Jonathan Breen
08.00 AM
Food delivery giant Meituan has raised close to $10bn from an overnight sale of shares and convertible bonds, getting solid interest from investors and raising money to ramp up its investment into the technology part of its business.
The issuer, one of China’s leading internet companies, came to the market in need of cash to invest in new delivery technologies. It pocketed HK$51.2bn ($6.6bn) from a placement of new shares and sold a $2.9bn dual-tranche CB to capitalise on enticing terms available in the equity-linked market.
. Already a subscriber? Login
By Jonathan Breen
08.00 AM
A South Korean state-backed insurer pared its stake in Woori Financial Group this week, selling a chunk of shares for W149.3bn ($133.2m), according to a source familiar with the matter.
Korea Deposit Insurance Corp (KDIC) turned to investors on Thursday, offering 14.4m of its shares in Seoul-based banking and finance giant Woori Financial.
The block represented 2% of the group’s share capital.Bookrunners JP Morgan, Mirae Asset Securities and Samsung Securities held an accelerated bookbuild for the deal
. Already a subscriber? Login
By Jonathan Breen
09 Apr 2021
Anjuke Group, a Chinese real estate services platform that is backed by high profile investors like Tencent Holdings, Warburg Pincus and General Atlantic, is seeking approval for a Hong Kong IPO.
The Shanghai-headquartered company was founded in 2007 and has grown to be the Mainland’s leading real estate listing platform. The firm counts China s Tencent among its largest shareholders, with the internet giant holding the second largest pre-IPO stake in the issuer. The largest shareholder is Anjuke’s chairman Jinbo Yao,
. Already a subscriber? Login
Electric vehicle maker Li Auto charges $750m CB globalcapital.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from globalcapital.com Daily Mail and Mail on Sunday newspapers.