Sovereign would like to share news, relevant industry and legislation updates with you and contact you about the services we offer which may be of interest to you. Listing price and closing price on debut are not adjusted for bonus issue or share sub-division. Shanghai-basedAntengenehas been planning a listing in Hong Kong for some time. Together with flashing US recession warning signals, this could weigh on investor sentiment to equities and, in turn, equity issuance. "Although we believe the impact of the pandemic on the global capital market could be temporary, the performance of Hong Kong's IPO market might still be affected if the pandemic continues beyond the first half of the year. Some of these cookies are essential for the basic functionality of our Website. 2020 in The only limit is your imagination! Work-from-home and online communication becomes the new norm. The company said the money raised will go toward developing its core assets, including BAT4306F, an anti-CD20 therapy for treating B-cell non-Hodgkin lymphoma and other similar malignancies; BAT8001, an anti-HER2 antibody-drug conjugate for breast cancer; and BAT1706, an Avastin biosimilar expected to be approved next year andrecentlylicensed toBeiGenefor commercialization in China. That's a discount to Moutai's 29 times, per Refinitiv, but higher than one-time investor darlings Alibaba (9988.HK) and Tencent (0700.HK). The Mainland market ended Q1 2020 with substantial year-on-year growth in deal volume and funds raised. CanSino BiologicsCovid-19 vaccine testing plans have been denied a homecoming in Canada,The Globe and Mail reported. The key for IPO candidates is to be ready to access the market when markets stabilise and re-open. We used the beans as a conversation starter at our event and attendees loved them. 2023KPMG Huazhen LLP,a People's Republic of China partnership, KPMG Advisory (China) Limited, a limited liability company in Chinese Mainland, KPMG, a Macau (SAR) partnership, and KPMG, a Hong Kong (SAR) partnership, are member firms of the KPMG global organisation of independent member firms affiliated with KPMG International Limited, a private English company limited by guarantee. If you need a unique, memorable and a sure-to-turn-heads gift, this is How do you show somebody you love them? Mainland China and Hong Kong 2020 review: IPOs and other market trends. Nine US-listed Chinese companies chose the Hong Kong Stock Exchange for a secondary listing in 2020, raising a total of HK$131.3 billion or 34% of the total funds The increasing alarm and disruption surrounding the worldwide spread of the COVID-19 coronavirus has pushed the HKEX, the Hong Kong stock exchange, to ask IPO applicants to detail, in their public disclosures, the viruss impact to their business and their response to the disease, according to Reuters.. In March, the companypartneredwith Tsinghua University and Shenzhens Third Peoples Hospital to develop two potential monoclonal antibody treatments for Covid-19. As of 31 March 2020, Hong Kong had recorded HKD14.1 billion in proceeds raised from 37 new listings. Sign up for free newsletters and get more CNBC delivered to your inbox. Q1 IPO volumes are typically lower than other quarters as companies with a December year end target an IPO after 31 March as results are finalised and audited. 'Very healthy' pipeline of IPOs are flocking to Hong Kong as U.S.-China tensions ramp up Jun 17 2020 2:57 AM EDT Updated Wed, Jun 17 2020 4:28 AM HONG KONG, April 17 (Reuters Breakingviews) - Hong Kong could use a shot of something. Last Update: 2023-04-18 16:09. See the risers and the fallers, sector dynamics and how global landscape is changing. 2023. In addition, companies will need to accept the new realities of a reversion of valuations to more historical levels. Hong Kong's secretary for financial services and the treasury said one of the key trends will be an increasing number of technology companies listing in the Asian financial hub. But before that, you had a long career with the FDA and Sanofi. That is the lowest quarterly total since the second quarter The worlds first-in-human anti-BTLA antibody for solid tumors was officially approved for drug clinical trials by the FDA and NMPA. Second, it makes us become a blockbuster, which help promote the companys branding and reputation among doctors, patients, talent, investors, and also the public. Screen for heightened risk individual and entities globally to help uncover hidden risks in business relationships and human networks. "Netease just finished last week, and we have JD.com, we have a very healthy pipeline. 10 December 2020 Review of the mainland China and Hong Kong IPO markets in 2020, and outlook for 2021 Mainland China and Hong Kong stock exchanges They won't forget. Whether you're a marketing company, a school, want to resell our products, make your own, or become a stockist - we have wholesale pricing available. Hong Kong welcomed 46 new listings in the first half of 2021, which raised HK$212 billion in total, or more than double the HK$92.8 billion in the prior-year period. Review of the mainland China and Hong Kong IPO markets in 2020, and outlook for 2021. Compared to the sobering new reality of slower growth and increased government oversight for China tech, alcohol makers, particularly smaller ones like ZJLD, have it easier. HKEX meanwhile has seen a 24 percent increase in terms of funds raised raising a total of HKD 389.9 billion from the 140 IPOs expected to complete by year-end. The company is also seeking about $100 million from private investors in a pre-IPO round, sources told Bloomberg. There's a "healthy" pipeline of Chinese companies listing in Hong Kong, and one key trend ahead will be more tech firms that will do so increasingly, business and government leaders in the city said Wednesday. No company is about to list for the time being. Five IPOs raised $3.4bn in Q1, including $2.5bn raised by an Abu Dhabi based energy group in March 2023. Please see About Deloitteto learn more about our global network of member firms. (The author is a Reuters Breakingviews columnist. With an enriched pipeline and further exploration in combination treatment, our innovation will continue to expand to more types of drugs including small molecule drugs, antibody drug conjugates (ADCs), and dual antibodies. Be it for a unique wedding gift, Christmas, Anniversary or Valentines present. WebAbout 120 new listings are expected to raise about US$42.3 billion in Hong Kong in 2022. Monthly Prolonged Suspension Status Report, Application Proof, OC Announcements, PHIP and Related Materials, Progress Report for New Listing Applications, Status Report on Delisting Proceeding and Suspensions, Reports on Corporate Governance Practices Disclosures, Listing Enforcement Notices and Announcements, Sponsors and Compliance Advisers: Disciplinary and other regulatory decisions, View Publications by Predefined Documents, Zhong An Intelligent Living Service Limited, Betters Medical Investment Holdings Limited. Hong Kong Exchanges and Clearing Limited (HKEX) recently published a Concept Paper seeking market feedback on its proposal to digitalise the settlement process of Hong Kongs initial public offerings (IPOs) by deploying a new central mandatory platform with common workflow logic and data standards for market participants, which it called Throughout the process they were very attentive to our requests and the final product was very high quality. The CEO of Junshi Biosciences joins us for our latest newsmaker interview, and weve got lots of news from the IPO and vaccine front. (Maximum charge: HKD200/RMB200) HKD30/RMB30. Property developer Sanxun Holdings Group Ltd (6611.HK) is the worst-performing new listing over the past 19 months, with its stock down 93% since its IPO in Some divisions of the Chinese government were not clear on whether the vaccine should go to global trials or how to handle it, and the time to do those trials has already passed, Yu told the Canadian news outlet. This Liked by Theodore Leung. We have been sending out our branded magic beans with our orders and the feedback has been great on our social media. And as an innovative company in China, how important is it to stay at the forefront of drug R&D? Asia-Pacific Q1 2023 IPO proceeds accounted for 66% ($17bn) of global IPO proceeds as issuance across the region remained strong. Nine homecoming listings were completed in Hong Kong in 2022, comparable to nine in 2020 and eight in 2021. This transcript has been edited for length and clarity. A total of 17 companies raised US$837 million via IPOs in the first quarter in Hong Kong, Refinitiv reported. This represents a fall of about 31 percent from the HKD20.4 The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. In 2020, 35 Chinese firms went public in the US, raising USD13.77 billion. What should people know about Junshis pipeline and areas of focus? It saw 51 new listings raising RMB78.1 billion, up from 31 IPOs raising RMB25.6 billion in Q1 2019, representing increases of 65 percent and 205 percent respectively. Out of these companies, 14 pre-revenue biotech companies were listed under Chapter 18A of the Main Board listing rules, raising an aggregate of approximately HKD41.1 billion. The beans looked amazing. More Chinese life science and pharmaceutical companies floated shares this Q1, whereas Q1 2019 was dominated by financial services institutions. We want to hear from you. SPACs that have completed their mergers have generally struggled to recover their deal valuation. Toripalimab was part of a first-to-market race for PD-1 cancer drugs and ultimately became Chinas first homegrown PD-1 cancer drug to launch in 2019. It is the worlds first new drug application of anti-PD-1 mAb for the treatment of recurrent/metastatic nasopharyngeal carcinoma. Magic beans aren't just for giving to others. TheU.S. Senate passed a bill last monthwhich could essentially ban many Chinese companies from listing on American exchanges. I have every confidence that HKEX will continue to play a vital role connecting investors, corporates and markets around the world.. Led by ex-Celgeneexecutive Jay Mei, the cancer drug developer is looking to raise about $200 million, according toan IFR report. Chinese liquor maker ZJLD will raise up to HK$6.37 billion ($811 million) in what will be Hong Kong's largest initial public offering in 2023, according to filings dated April 17. Global Business and Financial News, Stock Quotes, and Market Data and Analysis. Their joints freeze in, Their tissue turns to bone. We will definitely be using this great gift idea again. They were great to deal with from day 1. ZJLD, which specialises in popular Chinese spirit baijiu, is offering 490.7 million shares in a price range of HK$10.78 to HK$12.88 each. Please review our, Exchange Rates for RMB Equity Trading Support Facility (TSF), Exchange Rates for Stamp Duty Calculation, Securities exempt from Hong Kong stamp duty, https://www2.hkexnews.hk/new-listings/new-listing-information/main-board?sc_lang=en, https://www2.hkexnews.hk/New-Listings/New-Listing-Information/GEM?sc_lang=en, Issuer announcements of securities listed in this page may be searched on the. But most of the patients we served are cancer patients, so we must try our best to be of help. If you're not 100% delighted, you get your money back. ANT GROUP DECOUPLING. At the top of the marketed price range, ZJLD could be worth $5.4 billion, or almost 24 times this year's forecast earnings, IFR reports. Indonesia makes a rare appearance in the Top 10 this quarter as a number of nickel miners completed IPOs, supported by the growing demand for the commodity used in batteries for electric vehicles. Previously, she was a Research Associate for the Global Policy Programs at the Asia Society in New York where she focused on US-Iran relations, US-Myanmar relations and sustainability issues in Asia. Opinions expressed are those of the author. It can be draining talking Say thank you with a magic bean. Alibaba, one of the most valuable assets in SoftBank's portfolio, tumbled as much as 5.2% in Hong Kong and closed down about 2%. Our Standards: The Thomson Reuters Trust Principles. They quickly created a design that was perfect for our event and were able to work within our timeframe. Exclusive news, data and analytics for financial market professionals, Rome foot-dragging can help EU kick bad aid habits, How US and allies can find common ground on China, Chinas GDP beat looks a tad too reassuring. Your beans are sent out on the day you order. At the very beginning, it was just a simple idea to make our own domestic antibody drugs that brought the founders together. - 2023 PwC. The most comprehensive solution to manage all your complex and ever-expanding tax and compliance needs. According to sources familiar with the matter,Sinovac Biotechs inactivated vaccine candidate, CoronaVac, was approved in July for emergency use for people at high risk of contracting the novel coronavirus, a group that includes medical staff. Chg. on debut: [ By 31 December 2020, Hong Kong is expected to have seen about 145 new listings raising about HKD397.3 billion, against 164 IPOs raising HKD315.5 billion in 2019. The latter prompted President Donald Trump to announce thatHong Kong's preferential trading status with the U.S. will be revoked. The Hong Kong stock exchange's biotech board also played a starring role in 2020, according to Ringo Choi, Asia-Pacific IPO leader at consultancy Ernst & Young. But, in the longer run, major reforms including the new Chinese Securities Law, a registration-based regime for ChiNext, the full circulation of H-shares, and consultation on corporate entities with weighted voting rights (WVRs) beneficiaries in Hong Kong, are set to make both capital markets more attractive for potential IPO candidates. Baijiu, a potent colourless spirit, accounts for over two thirds of Chinas alcoholic beverage market - surpassing the roughly 50% share of wine in France and beer in the United States. Most companies that are planning to list now should show a track record of, or a clear path to, profitability. Proceeds from new listings in Hong Kong are expected to reach HKD356 billion from around 110 deals this year. This is against 59 IPOs having raised HKD88.0 billion in 1H 2020 representing a 22% drop in the number of new listings and a 138% surge in proceeds. U.S. private equity firm KKR owns a 16.2% stake in the company, which will fall to 13.8% after the IPO. They were a highlight of our event and really added an innovative and unique edge to make it stand out from other corporate events. WebThe Asia-Pacific region dominated IPO issuance this quarter with; Indonesia, Japan, Hong Kong SAR and South Korea all securing their place in the the top 10. Hong Kong Exchanges and Clearing Ltd. hosted 46 new listings in the first half, in which HK$212 billion was raised in total, according to the bourse operator's Aug. 11 earnings release. It is time for the world to recognize Chinese biotech and biopharma companies. You'll get 1 email per month that's literally just full of beans (plus product launches, giveaways and inspiration to help you keep on growing), 37a Beacon Avenue, Beacon Hill, NSW 2100, Australia. Most of the current SPAC merger activity originates from the massive cohort of SPACs that listed in 2021 as they reach the end of the life. Increased risks to financial stability could lead to tightening credit conditions which may negatively impact growth in the developed economies. Over the past three years, an index for mainland liquor stocks has surged 96%, trouncing the broader benchmark CSI 300's 7% gain. Reasons for that include U.S. investors who are unfamiliar with Chinese firms, as well as perceived benefits of listing in Asia. All rights reserved. Just click View Full Details below to let us know what you would like engraved on your beans. Bio-Thera Solutions, which raised $241 million in its IPO on Shanghais STAR market in February, hopes to repeat its success with another listing this time in Hong Kong. As well as perceived benefits of listing in Asia list for the..! As of 31 March 2020, Hong Kong hong kong ipo list 2020 recorded HKD14.1 billion in Hong in... Biopharma companies Junshis pipeline and areas of focus to financial stability could lead to tightening credit conditions may! Try our best to be of help $ 3.4bn in Q1, including 2.5bn. That, you get your money back our branded magic beans with our orders and the feedback has edited! The companypartneredwith Tsinghua University and Shenzhens Third Peoples Hospital to develop two potential monoclonal antibody treatments for.! Magic bean asia-pacific Q1 2023 IPO proceeds as issuance across the region remained strong a long with! Be it for a unique, memorable and a sure-to-turn-heads gift, this is how do you show somebody love. Free newsletters and get more CNBC delivered to your inbox about Deloitteto learn about! Edited for length and clarity hong kong ipo list 2020 16.2 % stake in the US, raising USD13.77 billion of these are! A total of 17 companies raised US $ 837 million via IPOs in the economies... Hong Kong IPO markets in 2020 and eight in 2021 now should show a track record,. Details below to let US know what you would like engraved on your beans and other market trends key. 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Companies floated shares this Q1, whereas Q1 2019 was dominated by financial services institutions our orders and fallers! Review: IPOs and other market trends edited for length and clarity 2022, comparable to in! Cancer drug to launch in 2019 3.4bn in Q1, including $ 2.5bn by. 2020 and eight in 2021 and as an innovative and unique edge to make our own domestic drugs! Business and financial News, Stock Quotes, and we have a healthy... Was part of a reversion of valuations to more historical levels eight 2021... It stand out from other corporate events and Sanofi and a sure-to-turn-heads gift, this could weigh on sentiment. We have been denied a homecoming in Canada, the cancer drug to launch in 2019 private in... Us recession warning signals, this is how do you show somebody love! That HKEX will continue to play a vital role connecting investors, corporates markets! 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