Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
IPO in China
World exchanges

Tech giants prepare for IPO in China

16.07.2023
2 min read

Analysts: IPO in China could raise about US$5bn

After a lull in 2022, this year promises to be quite active for the PRC market. At least three significant IPOs are expected in 2023. After the reorganization, divisions of IT giant Alibaba are due to go public. In addition, two subsidiaries of JD.com Corporation are planned to be listed on the Hong Kong site. Bloomberg estimates that these stock offerings will raise about US$5 billion.
Alibaba’s new unit Cainiao Network Technology, responsible for the corporation’s logistics operations, has already begun preparations for the IPO. Representatives of the company are in talks with a number of banks. Bids for a public offering have also been received from units of JD.com.
In March, Alibaba Technology Corporation announced reorganizing its business into a holding company with six separate divisions. The giant’s management said each new company would independently raise funds and conduct an IPO. The first unit to list will be Cainiao Network.IPO in China could raise US$5bnAs for JD.com, shares in Jingdong Property, which operates industrial parks, will trade on the Hong Kong Stock Exchange. Also listed will be the Jingdong Industrials division, which is responsible for supplying products and services to the industrial sector. According to official information from the corporation, JD.com will own more than 50 percent of the shares in one and the other divisions after the separation of the subsidiaries into separate entities is completed.
Analysts say listing subsidiaries will allow the parent corporation to increase shareholder returns significantly. In addition, unbundling into independent entities is currently one of the best solutions in China’s current situation. In the past few years, the Chinese authorities have tightened their policy on prominent representatives of the technology sector. The IPO will circumvent some rules related to anti-trust law.
The IPO sector was fragile in 2022. Investor demand declined due to market uncertainty. Since the beginning of 2023, China’s business climate has improved due to the relaxation of COVID-19 regulations. So far, interest in IPOs has been shown by large IT businesses looking for an influx of new capital.
In addition to Alibaba and JD.com, IT corporations Lalatech and Soulgate are planning initial or secondary offerings. Keep, a fitness app developer, has applied. Analysts predict an IPO of the company that owns the TikTok app and the DiDi taxi ordering service. According to Bloomberg experts, increased activity from major players will improve local and foreign investor sentiment.

Tags: World exchanges
0
Previous Post EU digital wallet could replace plastic cards and paper documents Next Post Saudi Arabia invests US$38bn in the gaming market

You Might Also Like

Moscow Exchange has launched
World exchanges
Moscow Exchange has launched the possibility of transactions in the credit market
04.02.2022
Freedom Holding Corp
World exchanges
Freedom Holding Corp listing on the popular NASDAQ exchange
13.08.2020
World exchanges
Morning trades in foreign stocks were introduced on the St. Petersburg Stock Exchange
16.11.2021
The St. Petersburg International Mercantile Exchange
World exchanges
The St. Petersburg International Commodity Exchange has shown significant growth for 2020
27.10.2021
Crypto exchange Coinbase
World exchanges
Crypto exchange Coinbase plans to scale business in Europe
22.09.2022
algorithm for submitting orders
World exchanges
Moscow Exchange has changed the algorithm for submitting orders: details of the new system
08.08.2021

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Analysts: Egypt’s economy to continue falling in 2023
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics