China has been the main source of big-ticket listings in Asia this year, with eight of the top 10 taking place in the country. IPOs in mainland China have raised $53 billion in 2023, down 37.6% from the same period in 2022, according to data compiled by Bloomberg. That’s in line with the nearly 40% ...
The Year’s Biggest Prospective IPO Is Postponed
Syngenta, the giant seed and pesticide specialist, said a listing in Shanghai won’t happen this year, the latest delay in its long pursuit of a blockbuster initial public offering. The Swiss company blamed weak market conditions. ( read original story ...)
Exclusive-Geely’s Zeekr edges closer to US IPO, to make filing public this week – sources
Zeekr, Chinese automaker Geely's premium electric car brand, will this week publicly release some details of its plans to list shares in New York, according to two sources with direct knowledge of the matter, ( read original story ...)
Stock market today: : Asian shares fall after bond market stress hits Wall Street
The Hang Seng in Hong Kong dropped 1.5% to 17,245.07 and the the Shanghai Composite index slipped 0.7% to ... High rates and yields have been the main driver for the stock market for months because they hurt prices for investments, slow the economy and ... ( read original story ...)
Shanghai Global Reinsurance Platform Scores First Inward Deal at CIIE
AXA Hong Kong Property & Casualty Insurance was the original insurer, while AXA Tianping Property & Casualty Insurance was the reinsurer, and the trade involved the cross-border motor insurance ... ( read original story ...)
Agricultural Giant Syngenta Delays $9 Bln IPO Amid Chinese Market Volatility
Agricultural company Syngenta Group said its listing on Shanghai’s main market won’t happen this year due to weak market conditions, the latest delay in its yearslong pursuit of a blockbuster initial ... ( read original story ...)
Agrochemicals group Syngenta indicates US$10 billion Shanghai IPO likely next year
Syngenta, which recently announced a change of chief executive and chief financial officer, has been pursuing an IPO for nearly two and half years. Its application passed a review by the listing committee of the Shanghai Stock Exchange in June, but still ... ( read original story ...)