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Top 10 IPOs
(chinadaily.com.cn)
Updated: 2011-01-06 10:49
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Editor's note: Chinese mainland companies dominate the global initial public offering (IPO) market in terms of the funds raised and the number of deals in 2010. While the Hong Kong market remains the more attractive choice for companies planning IPO, and American bourses win the favor of information technology companies, the domestic capital markets are also becoming more attractive.
Here we list global IPOs conducted by ten mainland companies in 2010, covering industries like banking, e-commerce, green energy and advanced technology. Most of these companies are the "lead horse"in their fields.
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1.ABC raises $22b in HK and Shanghai dual listing
2.China Everbright Bank's IPO shines
3.China's Dangdang raises $272m in US IPO
4.Youku raises $203m in US IPO
5.Datang Renewable raises $643m in HK IPO
6.Goldwind restarts IPO in Hong Kong
7.China's Bona film group issues IPO on NASDAQ
8.ChinaCache posts the biggest 1st-day rally in US
9.Hepalink creates Chinese stocks'highest IPO price
10.China's Jihua raised $590m in Shanghai IPO
1.ABC raises $22b in HK and Shanghai dual listing
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Agricultural Bank of China Chairman Xiang Junbo (second from right) and Yu Zhengsheng (right), secretary of the Shanghai Municipal Party Committee, hit a gong to mark the listing of the lender's shares in Shanghai. [Photo/Agencies] |
Agricultural Bank of China (ABC), the nation's third-largest lender by assets and the last of the big four State-owned banks to go public, sold 25.4 billion shares in Hong Kong and 22.2 billion shares in Shanghai in July. The deal came to $22.1 billion when adding in over-allotment shares.
ABC’s IPO exceeded the record $21.9 billion, which was set by Industrial & Commercial Bank of China Ltd in October 2006, and became the world’s largest IPO. [Full story]
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2.China Everbright Bank's IPO shines
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China Everbright Bank is scheduled to unveil the indicative IPO price range on Aug 6, 2010. [Photo/China Daily] |
China Everbright Bank, which had been planning an IPO since June 2008, floated its shares to Shanghai on Aug 18. The bank's initial public offering (IPO) marked the country's second-largest in 2010.
Everbright shares soared 18 percent from the IPO price of 3.1 yuan on the first trading day, a better-than-expected performance for the roughly $3-billion IPO that underlines continued interest in banking stocks. [Full story]
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3.China's Dangdang raises $272m in US IPO
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A receptionist works at a dangdang.com office. Dangdang and fellow Chinese Internet company, Youku, launched IPOs in the United States in December, 2010. [Photo/China Daily] |
On Dec 6, e-Commerce site China Dangdang Inc, the country's largest Internet book retailer, raised the expected price range of its IPO from $11-$13 per share to $13-$15 per share. The company sold 17 million American Depositary Shares for $16 each in US stock market, totaling $272 million -- 14.3 percent more than expected. [Full story]
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4.Youku raises $203m in US IPO
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The majority of online video companies in China, including Youku, depend on venture capital funding to float their operations. [Photo/China Daily] |
Youku.com Inc, China's largest online video company, raised $203 million on Dec 8 after seeking $169 million in its initial public offering in the United States. The company was only expected to earn $150 million.
Youku offered 15.4 million shares at $9-$11 each, and it sold 15.85 million American Depositary Shares (ADRs) for $12.80 each, SEC data and Bloomberg data showed. [Full story]
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5.Datang Renewable raises $643m in HK IPO
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A woman passes by China Dangtang Corp’s Beijing headquarters on Jan 28, 2007.[Photo/Asiannewsphoto] |
China Datang Corp Renewable Power Co, the nation's second-largest wind-power producer by capacity, raised $643 million in December selling shares in Hong Kong at the bottom of its price range as investors shun renewable energy companies.
The unit of China Datang Corp sold 2.14 billion shares at HK$2.33 ($0.3) each, after offering them at HK$2.33 to HK$3.18 each. [Full story]
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6.Goldwind restarts IPO in Hong Kong
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Visitors looking at a Goldwind turbine at a wind power exhibition in Beijing. [Photo /China Daily] |
Xinjiang Goldwind, China's leading wind turbine maker listed in the Shenzhen stock exchange, restarted the IPO in Hong Kong in September, seeking to raise up to $916 million.
Goldwind set a price range of HK$15.98 ($2.06) to HK$17.98 for the new H shares. The IPO has an over-allotment option of 15 percent of the IPO shares, namely 59.29 million shares. [Full story]
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7.China's Bona film group issues IPO on NASDAQ
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Bona Film Group's CEO Yu Dong (third from right) and some China's famous actors cheer for the company’s listing on NASDAQ Dec 9. [Photo/sina.com.cn] |
China's Bona Film Group Ltd, the largest privately owned film distributor in China, issued its initial public offerings on NASDAQ Dec 9, raising approximately $100 million.
Bona offered 11.7 million American depositary shares (ADSs) in its US IPO, and priced its shares at $8.50 per ADS. [Full story]
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8.ChinaCache posts the biggest 1st-day rally in US
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Shares of ChinaCache International Holdings surge as much as 95 percent during its US initial public offering on Oct 1, posting the largest first-day rally on US exchanges in three years. [Photo/chinacache.com] |
ChinaCache International Holdings, China’s top Internet service provider company, made its United States market debut on Oct 1, raising $84 million on the Nasdaq.
Shares of the Beijing-based provider, whose clients include China Mobile, Sina and Alibaba Group, surged as much as 95 percent during the initial public offering, posting the biggest first-day rally on US exchanges in three years. [Full story]
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9.Hepalink creates Chinese stocks' highest IPO price
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Li Li, Chairman of Shenzhen Hepalink Pharmaceutical Co, becomes China's richest man as the company's shares gained as much as 27 percent on China's Nasdaq-style market for start-up stocks. [Photo/Xinhua] |
Shares of Shenzhen Hepalink Pharmaceutical Co Ltd, the world's largest maker of the blood-thinner heparin, soared on the company's trading debut May 6 against the backdrop of a sharp plunge of the overall A-share market.
The price of Hepalink surged 18.36 percent and closed at 175.17 yuan ($25.66). It climbed to the midday high of 188 yuan from its IPO price of 148 yuan, the highest on record for a Chinese stock. [Full story]
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10.China's Jihua raised $590m in Shanghai IPO
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Jihua Group Corp raised 4.05 billion yuan ($597 million) in its Shanghai initial public offering (IPO) in August.[Photo/jihuachina.com] |
Jihua Group Corp, China's biggest provider of military supplies, sold 1.16 billion shares Aug 16 on the Shanghai stock exchange at a price of 3.5 yuan per share. It raised 4.05 billion yuan ($597 million) in its initial public offering.
Shares in the Bejing-based Jihua Group had surged nearly 82 percent to 6.36 yuan (93 cents) per share at midday of its debut day. [Full story]
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