China Tower, the world's biggest operator of mobile phone towers, has applied to list its shares in Hong Kong in what could become the city's second $10 billion offering this year.
Biotech firms without revenue can apply to list in Hong Kong under new rules aimed at attracting listings, mostly from China's fast-developing market. The move is part of a bold effort to rival New York's Nasdaq, the biggest and best-known finance hub for biotech companies.
KKR & Co. is weighing a sale or an initial public offering for Cognita Schools Ltd., people with knowledge of the matter said. The asset could be valued at about $2.8 billion in a disposal.
Dropbox filed its S-1, making it the first among Silicon Valley incubator Y Combinator's companies to ever file for an IPO. Y Combinator accepted Dropbox founder Drew Houston's application for Dropbox in 2007.
The calendar of initial public offerings is off to a strong start to the year with about 10 more deals expected to come by the end of the month to mark the busiest January for deals since 2014, according to Renaissance Capital, a manager of IPO exchange-traded funds.
Initial public offerings by Canadian companies are expected to increase in 2018, driven by activity in industrials, alternative energy and base metals sectors, banking advisers said.
Australian IPO fundraising could double this year to around $7.84 billion from five-year lows in 2017, with firms such as Deutsche Bank-backed Latitude Financial poised to capitalize on rallying markets and investor craving for big deals.
Best, a Chinese logistics company backed by Alibaba, is launching a U.S. IPO that is seeking as much as $932 million to fund an expansion of its logistics and supply chain network, develop new technology and open more convenience stores.
Introducing Trusted Insight's Venture Capital Recap, a compilation of the most important venture capital news from this week. Here are the stories you may have missed: