IPO - TechWire

IPO

19:15

                            Sources: CARRO, Southeast Asia's largest online used car trading platform, plans to conduct an initial public offering (IPO) in the United States as early as 2026. CARRO is targeting a valuation of more than US$3 billion and could raise up to US$500 million.
                        
18:22

                            SMIC: China Asset Management reduced its holdings by 651,800 shares
                        
                            SMIC announced that China Asset Management's China AMC SSE STAR Market 50 Exchange Traded Open-End Index Securities Investment Fund recently reduced its holdings of SMIC's domestic shares by 651,800 shares, a 0.03% decrease, through stock exchange transactions. Following the reduction, the fund now holds 98,827,900 shares of SMIC, representing 4.97% of the company's total domestic share capital and 1.24% of its total share capital. This shareholding change is a normal adjustment based on the fund's investment strategy and does not affect the company's status as the controlling shareholder or actual controller.
                        
12:43

                            Many leading Shenzhen A-share companies are preparing for secondary offerings in Hong Kong
                        
                            Since the beginning of this year, Hong Kong stocks have set off an investment boom. As of the close of last Friday, the Hang Seng Index has risen by more than 23% this year. Active southbound funds have poured in through the Hong Kong Stock Connect, significantly improving market valuations. Supported by abundant liquidity, mainland companies are increasingly enthusiastic about going to Hong Kong for IPOs, and many leading A-share manufacturing companies in Shenzhen are preparing for secondary issuance of Hong Kong stocks. The reporter sorted out the announcements of Shenzhen companies going to Hong Kong for listing and found that "overseas business development" and "international brand image" have become high-frequency words. By expanding financing channels and introducing more international investors, these Shenzhen companies hope to further expand their global layout and enhance their competitiveness. Since the beginning of this year, at least eight companies in Shenzhen, including Dongpeng Beverage, Jiangbolong, Fibercom, Fengqi Technology, Zhaowei Electromechanical, Luxshare Precision, Xinwanda, and Yuntian Lifei, have announced their H-share issuance plans, and their willingness to go public in Hong Kong has increased significantly compared with last year.
                        
11:00

                            MH Markets attends Waton Financial's NASDAQ bell-ringing ceremony, officially announces IPO schedule
                        
12:35

                            WTF rings Nasdaq bell, preparing to provide brokerage services to AIs
                        
                            Waton Financial Limited (NASDAQ: WTF) , a holding company registered in the British Virgin Islands and engaged primarily in securities brokerage and fintech services through its Hong Kong subsidiaries, Waton Securities International Limited and Waton Technology International Limited, on Monday commemorated its recent initial public offering by ringing the opening bell at the Nasdaq Stock Market in New York.
                        
21:26

                            GAC Group responds to Hong Kong IPO: Waiting for the right time
                        
                            In response to the question "Does GAC Aion plan to go public in Hong Kong through an IPO?", GAC Group said on the interactive platform: "GAC Aion will fully consider factors such as business operations, capital market trends, regulatory environment, and market valuation, follow the trend, and wait for the right time to advance the capitalization process to ensure the maximization of shareholder interests."
                        
23:16

                            Chinese stocks strengthened, with the Nasdaq China Golden Dragon Index rising nearly 3%
                        
                            Chinese stocks strengthened, with the Nasdaq China Golden Dragon Index rising nearly 3%, Pony.ai rising more than 13%, New Oriental rising more than 12.7%, Hesai rising 12.4%, and Kingsoft Cloud rising 6.7%.
                        
07:40

                            Lens Technology passes listing hearing of Hong Kong Stock Exchange
                        
                            On June 22, Lens Technology Co., Ltd. passed the listing hearing of the Hong Kong Stock Exchange, and its exclusive sponsor was CITIC Securities.
                        
08:09

                            AI company Unisound seeks to raise up to HK$320 million in Hong Kong IPO
                        
                            According to the application documents published on the Hong Kong Stock Exchange, AI solution provider Unisound Intelligent Technology Co., Ltd. plans to issue 1.56 million shares in its Hong Kong initial public offering (IPO), with a promotion price range of HK$165 to HK$205 per share. The company seeks to raise up to HK$320 million (US$40.8 million) and is expected to be listed on June 30. CICC and Haitong International are joint sponsors.
                        
15:28

                            Wood Sister once again sells more than $44 million of Circle, the first stablecoin stock
                        
                            Cathie Wood's Ark Invest sold another $44.76 million of Circle shares on Tuesday, as the stock price of stablecoin issuer Circle Internet Group continued to be far higher than the recent IPO price. The day before, the institution had just sold $51.7 million of shares. According to the latest filings by Ark Invest, its three exchange-traded funds (ETFs) completed the reduction on Tuesday: Ark Innovation ETF (ARKK) sold 208,700 shares of Circle, Ark Next Generation Internet ETF (ARKW) sold 65,320 shares, and Ark Fintech Innovation ETF (ARKF) also reduced its holdings by 26,134 shares.
                        
06:48

                            The Hong Kong IPO market is hot, and the A+H listing model continues to heat up
                        
                            Data shows that as of press time on June 10, a total of 190 companies were queuing up at the Hong Kong Stock Exchange, most of which were from mainland China. Among the companies queuing up for Hong Kong IPOs, nearly 30 companies, including Dongpeng Beverage, Sany Heavy Industry, and Will Group, have already been listed on the A-share market. Recently, several A-share listed companies, including Stone Technology, BlueFocus, and EVE Energy, have announced plans to issue H-shares and list on the Hong Kong Stock Exchange, adding more heat to the wave of A-share companies going public in Hong Kong. Institutional sources said that driven by factors such as the listing of multiple large IPOs, improved liquidity, and favorable policies, the Hong Kong stock IPO market is expected to accelerate its recovery this year, and the listing of high-quality companies in Hong Kong will further enhance the attractiveness of Hong Kong stocks in major global markets.
                        
03:57

                            AI can now handle up to 95% of drafting an IPO prospectus, Goldman Sachs, GS, CEO has said
                        
22:37

                            Honor CFO Peng Qiuen: The listing process will be initiated in due course
                        
                            Regarding the progress of the IPO, Honor CFO Peng Qiuen said in an interview that the company will complete the shareholding reform by the end of 2024, and has currently hired securities firms, law firms, accountants, etc., and all preparatory work is being actively carried out. However, listing is a combination and mutual choice between enterprises and the capital market. On the one hand, Honor is undergoing various changes and business transformations. On the other hand, listing has high requirements for corporate governance, transparency, and compliance operations. Honor also hopes to improve its corporate governance level through the listing opportunity. In the future, it will choose the right time to go public in combination with the development of the company.
                        
15:11

                            Sources: Xiyin plans to submit a prospectus for a Hong Kong listing in the coming weeks after its IPO plans in London encountered obstacles.
                        
11:10

                            Zhu Xiaokang, founder of Longqi Technology: Using AI investment to feed back technological progress
                        
                            On May 16, Zhu Xiaokang, founder of Longcheer Technology Co., Ltd., said that AI has a significant enabling effect on the investment field, and investment can in turn promote technological development. He believes that quantitative investment is expected to become the "DeepSeek moment" in China's financial sector. Zhu Xiaokang believes that the A-share technology innovation sector already has considerable investment scale and attractiveness. Currently, there are more than 1,900 listed companies on the Science and Technology Innovation Board and the ChiNext, and their market value accounts for about 21% of the total market value of A-shares. This ratio has remained generally stable in recent years. In terms of return performance, from January 2020 to the end of April 2025, the weighted average return of the Science and Technology Innovation Board and ChiNext stocks reached 11.3%, close to the 13.9% performance of Nasdaq during the same period. "This is a track with considerable investment value." Zhu Xiaokang said that this year, Longqi Technology responded to market trends and regulatory calls and specially developed an investment strategy for the science and technology innovation sector. In just over four months, it has achieved an excellent return of more than 20%.
                        
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