IPO - TechWire

IPO

15:43

                            U.S. lawmaker urges JPMorgan, BofA to pull out of CATL IPO
                        
                            JPMorgan Chase and Bank of America (BofA) should pull out of the IPO of Chinese battery giant CATL, a U.S. Republican lawmaker said on Thursday.
                        
17:37

                            Wuhan Xinxin IPO review status updated to "Inquiry"
                        
                            On March 31, Wuhan Xinxin's IPO review status was updated to inquiry, and the prospectus was updated. The latest performance shows that from January to September 2024, the company's total operating income was 3.146 billion yuan, and the net profit attributable to the parent company's owners was 138 million yuan. Yangtze Memory Technologies Holdings Co., Ltd. is the company's largest shareholder, holding 68.19% of the shares.
                        
04:09

                            Nasdaq Golden Dragon China Index initially closed down 3.1%
                        
                            The Nasdaq Golden Dragon China Index initially closed down 3.1%. Popular Chinese concept stocks generally fell, with Hesai Technology falling about 12%.
                        
20:55

                            Market news: AI startup CoreWeave plans to reduce its IPO size to $1.5 billion and price to $40 per share. The company is expected to announce new IPO terms later Thursday.
                        
18:02

                            Sources: AI startup Cerebras' IPO faces further delays due to extended U.S. national security review.
                        
15:49

                            Insider: Lens Technology's Hong Kong IPO is expected to be completed in July or August this year
                        
                            Lens Technology's IPO in Hong Kong has attracted market attention. A person familiar with the company revealed, "The company announced that the number of H shares to be issued will not exceed 7% of the total share capital after issuance. This is taking into account the situation of oversubscription, and it is expected to be issued at a ratio of about 5%. The listing time is expected to be July or August this year."
                        
17:06

                            Aiguo Holdings' US IPO is registered with China Securities Regulatory Commission
                        
                            The International Cooperation Department of the China Securities Regulatory Commission issued a registration notice on the overseas issuance and listing of AIGO HOLDING LIMITED. The company has received the overseas issuance and listing registration materials submitted by Fuzhou Patriot Star Optoelectronics Technology Co., Ltd. The company plans to issue no more than 3.5525 million common shares and list on the Nasdaq Stock Exchange in the United States.
                        
22:32

                            The Nasdaq China Golden Dragon Index's decline widened to 3%, with component stocks Bilibili (BILI.O) plummeting 7.6%, NetEase Youdao (DAO.N) falling 6.5%, and Kingsoft Cloud (KC.O) falling more than 5%.
                        
17:35

                            China Merchants Securities: Consumption may temporarily take over and technology will outperform
                        
                            According to a research report by China Merchants Securities, judging from the performance bulletins and reports that have been disclosed so far, the overall profitability of the Science and Technology Innovation Board is still under pressure, with revenue outperforming profits, and large-cap companies performing better. Profits of AI hardware, overseas pharmaceuticals, and some mid-to-high-end manufacturing industries have recovered first. According to the latest data, downward pressure on exports has initially emerged, and the need to expand domestic demand has become increasingly prominent; the recent two sessions have expressed positive views on consumption, and the growth rate of fiscal expenditure in 2025 has hit a five-year high. Subsequent special plans to boost consumption are expected to be introduced to further boost demand, and consumption may temporarily take over from technology.
                        
17:36

                            Irish health tech firm EveryBaby aims for IPO in Hong Kong
                        
                            Irish health tech company EveryBaby intends to launch an IPO in Hong Kong, according to a Hong Kong media report.
                        
17:57

                            The president of Tianhe Fujia was revealed to have resigned
                        
                            Trina Solar's distributed business, Trina Fujia, has fallen into a turbulent adjustment period after the termination of its IPO. According to multiple sources, Trina Fujia's president Zhang Bing has resigned. An unnamed source pointed out that Trina Fujia has recently made a series of adjustments, probably because of the termination of the spin-off listing. Fujia's management has some ideas, but they are still in the process of negotiation and negotiation. 
                        
16:07

                            Singapore AI startup AI Assets files for US IPO, plans to raise US$9 million
                        
                            Singapore AI startup AI Assets has submitted an IPO application on the US stock market, aiming to raise US$9 million.
                        
09:44

                            The sudden reduction of SMIC's holdings was due to the reduction in the size of Hua Xia SSE STAR Market 50 ETF
                        
                            On February 21, SMIC announced that Huaxia SSE STAR 50 ETF reduced its holdings of the company's domestic stocks by 2.8103 million shares. Reporters found that this reduction was mainly due to the reduction in the scale of Huaxia SSE STAR 50 ETF. Since the beginning of this year, Huaxia SSE STAR 50 ETF has suffered a net redemption of nearly 13 billion yuan. In the view of industry insiders, due to the large scale of some ETFs, they have had a great impact on listed companies.
                        
18:50

                            SMIC: Hua Xia SSE STAR Market 50 Component Exchange Traded Open Index Securities Investment Fund holds 2.8103 million shares of the company
                        
                            SMIC announced that the Hua Xia SSE Star 50 Exchange Traded Open-End Index Securities Investment Fund's holdings of the company's shares changed by 2.8103 million shares. After the change, it held 98.5991 million shares of the company, accounting for 4.96% of the company's total domestic share capital and 1.24% of the company's total share capital.
                        
19:30

                            Huitong Holdings, a supplier to Chery, BYD and other automakers, is about to list on the Shanghai Stock Exchange main board
                        
                            Hefei Huitong Holdings Co., Ltd. is about to be listed on the Shanghai Stock Exchange Main Board. The company will hold an online roadshow for this IPO at 9:00 a.m. on February 20. In this public offering, Huitong Holdings plans to issue 31.5077 million shares and intends to raise a total of 810 million yuan. The subscription will be opened on February 21, and the sponsor is Bank of China International Securities Co., Ltd.
                        
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