Stock Listings – Page 2

China’s Latest EV Stocks Face Uncertain Reception in New York

29Nov

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World

China’s Latest EV Stocks Face Uncertain Reception in New York

Electric vehicles have really taken off in China, but so has competition. That is the conundrum investors face as they size up the latest EV brands pitching their growth prospects in New York.Lotus Technology is in the final stages of a merger with a Nasdaq-listed special-purpose acquisition company that values it at $5.5 billion. This week it said investors had committed $870 million to the deal, a step toward closure. Zeekr Intelligent Technology Holding, which raised money in February at a $13 billion valuation, filed its registration statement earlier this month for a U.S. initial public offering.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Shein Still Needs to Prove It’s a Bargain

28Nov

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Money

Shein Still Needs to Prove It’s a Bargain

Built-in-China online fashion company Shein has swept the world with its fast-to-market, hip designs. It now needs to show investors that its breakneck growth can convert into bigger profit, too.Shein, now based in Singapore after moving its headquarters from China in 2021, has filed for an initial public offering in the U.S. that could take place next year. The company is probably looking for a valuation higher than the $66 billion implied by a fundraising round in May. That would put Shein’s market value comfortably above H&M’s $27 billion but below Zara’s parent Inditex’s $127 billion.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Fast-Fashion Giant Shein Files to Go Public

28Nov

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Money

Fast-Fashion Giant Shein Files to Go Public

Updated Nov. 27, 2023 7:11 pm ETShein, the China-founded online fashion company that won over hundreds of millions of shoppers around the world, has confidentially filed to go public in the U.S. in what could be one of the biggest IPOs in years. Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, which could happen in 2024, people familiar with the matter said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

27Nov

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World

Fast-Fashion Giant Shein Files to Go Public

Shein, the China-founded online fashion company that won over hundreds of millions of shoppers around the world, has confidentially filed to go public in the U.S. in what could be one of biggest IPOs in years. Goldman Sachs, JPMorgan Chase and Morgan Stanley have been hired as lead underwriters on the offering, which could happen in 2024, people familiar with the matter said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Tata Technologies Plans Over $300 Million India IPO

16Nov

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World

Tata Technologies Plans Over $300 Million India IPO

Nov. 15, 2023 10:11 pm ETIndian conglomerate Tata Group’s technology company will start testing investors’ appetite for its shares in a bid to raise up to 30.43 billion Indian rupees ($366.1 million) through an initial public offering.Tata Technologies plans to sell up to 60.85 million shares in a price range of INR475-INR500, according to a term sheet seen by The Wall Street Journal Thursday.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Talent Agency CAA and Michael Klein Launch Sports and Media Investment Bank

13Nov

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Money

Talent Agency CAA and Michael Klein Launch Sports and Media Investment Bank

Hollywood talent agency Creative Artists Agency and longtime deal maker Michael Klein are launching a new investment bank focused on sports, media and entertainment deals.CAA’s merchant bank, known as Evolution Media Capital, and advisory firm M. Klein & Co. are joining to form CAA Evolution, the companies told The Wall Street Journal. The combined firm aims to work on large media companies’ deals, sell sports teams and advise on capital raises including initial public offerings, little of which Evolution does currently. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Wuxi Biologics Unit’s Hong Kong IPO Closes Order Book a Day Early, Sources Say

9Nov

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World

Wuxi Biologics Unit’s Hong Kong IPO Closes Order Book a Day Early, Sources Say

A unit of Chinese contract drugmaker Wuxi Biologics closed its order book a day early for its initial public offering and is likely to price the deal at the top of its marketed range, people familiar with the matter said, a rare instance of hot demand in a choppy year for listings in Hong Kong.Wuxi XDC Cayman is set to raise the equivalent of about US$470 million if it prices the IPO at the top end of its marketed price range, at 20.60 Hong Kong dollars (US$2.64) a share, the people said. The Wuxi, China-based company does research, development and manufacturing with a focus on antibody-drug conjugate, a type of medicine for cancer treatment.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

1Nov

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World

CVC Drops Planned IPO

The buyout giant was planning to list its shares in Amsterdam, in a deal aiming to value the firm at more than $12 billion.

Waystar IPO Delayed Until December or 2024

1Nov

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Money

Waystar IPO Delayed Until December or 2024

Updated Oct. 31, 2023 3:40 pm ETOne of the last big IPOs of the year just got delayed as the short-lived rebound in the new-issue market unravels.Waystar was set to launch its roadshow to pitch investors this week, but now is not expected to do so until December at the earliest, people familiar with the matter said. The healthcare-payments company, which at one point was expected to fetch a valuation in the high-single-digit billions, will likely wait until 2024, some of the people said. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

Chinese Laser Sensor Maker Targeted as Tech Trade War Spreads

31Oct

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Technology

Chinese Laser Sensor Maker Targeted as Tech Trade War Spreads

Oct. 31, 2023 10:00 am ETHesai Group, a Shanghai-based maker of laser sensors used for next-generation vehicles, celebrated a Nasdaq stock offering in February that was heralded by some as a comeback for Chinese listings in the U.S.Less than nine months later, Hesai has become an example of how the U.S.-China battle over technology is roiling the business world. Its stock is down more than 50%, and the company is on the back foot, hiring lobbyists and defending its reputation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8