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CICC IPO Hits New Hiccup With Chairman Exit
CICC Chairman Jin Liqun resigns What previously looked like an exciting Hong Kong IPO by CICC, China’s earliest homegrown investment bank, is rapidly losing its luster, with word that the company’s...
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IPOs: SNS Firm Momo Kicks Off Year-End Listing Rush
Bottom line: Mobile SNS firm Momo is likely to raise far less than the $300 million it has targeted for its IPO, as it kicks of a mini-surge of loss-making Chinese tech firms racing to list in New York...
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FINANCE: CICC Looks For Story To Sell In IPO Run-Up
Bottom line: CICC’s IPO later this year will attract lukewarm investor interest due to its fading prospects, forcing it to scale back its plan to raise up to $1 billion. CICC to get lukewarm reception...
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IPOs: E-Commerce Services Provider Baozun In Intriguing IPO Play
Bottom line: Baozun’s IPO should achieve its $200 million fund-raising target and the stock could perform relatively well for the rest of the year if it can show that it will become profitable for all...
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IPOs: Baozun Downsizes, Jumei Jumps on Buyout Talk
Bottom line: Baozun’s IPO is likely to price in the middle of its range and debut flat despite its strong credentials, as waning sentiment towards Chinese Internet companies may prompt other recently...
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TRAVEL: Ctrip Raises $1 Bln, Invests in Homegrown Airbnb
Bottom line: New fund raising by Ctrip and Tujia looks like far more than either company needs, and is part of a broader wave seeing Chinese Internet sites raise big funds to take advantage of strong...
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INTERNET: Jack Ma Eyes Alibaba Stake Draw-Down — Sort Of
Bottom line: A plan by Alibaba’s chairman and vice chairman to borrow $2 billion using their company stock as collateral is a simple diversification move, and doesn’t represent any change in the...
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IPOs: CICC Surges in HK, Jiuxian Bubbles Up on China OTC
Bottom line: CICC and Jiuxian are benefiting from a growing number of domestic listing options for private Chinese companies, but both will still need to show they can be profitable industry leaders...
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BUYOUTS: SouFun, Baidu, Alibaba Rewarded for Staying in NY
Bottom line: Alibaba and Baidu’s inclusion in MSCI indexes and SouFun’s new dual listing in China highlight reasons why overseas markets are still an attractive place for leading private Chinese...
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E-COMMERCE: All Eyes on Demand, Purpose for Alibaba Mega-Loan
Bottom line: Alibaba will come close to meeting the top end of its target of raising $3-$4 billion with a new bank loan, and chances are as much as 50-50 that it will use the funds to make bids for...
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IPOs: Lufax Kicks Off HK Listing, Xinhuanet Eyes Shanghai
Bottom line: Lufax’s Hong Kong IPO could launch by the end of this year and will get a strong reception, while Xinhuanet’s Shanghai IPO will get a similarly positive reception due to strong support...
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