As the quarter progressed, the geopolitical backdrop remained challenging and central banks globally continued to tighten monetary policy as the encouraging inflation data started to reverse with core inflation proving to be stickier than expected. Subscribe to STAT+ for less than $2 per day, Unlimited access to essential biotech, medicine, and life sciences journalism, Subscribe to STAT+ for less than $2 per day, Unlimited access to the health care news and insights you need, In a town plagued by an environmental crisis, a, In a town plagued by an environmental crisis, a local abortion debate consumes public attention, Their tissue turns to bone. Initial public offerings in the financial centre are in short supply, but a KKR-backed (KKR.N) Chinese liquor maker's up to $811 million listing will be the city's largest so far this year. That was more than twice the HK$92.8 billion raised in Our Standards: The Thomson Reuters Trust Principles. 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. China has approved several locally developed Covid-19 vaccines under emergency use authorizations, Reutersreportedlast week. Whatever inspiration, motivation or spiritual wisdom you're in need of, there's a bean with a message just for you. 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. 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. In August 2020, Bloomberg News reported that SenseTime was considering an IPO in Ant planned to 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 A Secondary listing company in The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organisation. Thats why we set up two innovation centers in the U.S., where our scientists could keep up with the latest trends in biotechnological innovation. A version of this digest first appeared in the weekly STAT China newsletter. As we look further into 2023, market participants will care about how quickly inflation will decline and the likelihood of central banks pausing rate hikes. See here for a complete list of exchanges and delays. Hong Kong SAR IPO activity remains muted in Q1 2023 as Chinese companies continue to opt for a listing in either Shanghai, Beijing or Shenzhen. Why? This is backed by a pipeline of more than 120 listing applicants as of end-Q1 2020. 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. 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. In their raw uncooked form, they are mildy noxious to humans. Looking for a wow factor that will get people talking - with your business literally growing in their hands? The company is also seeking about $100 million from private investors in a pre-IPO round, sources told Bloomberg. 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. For example, we just filed the supplementary NDA to the China NPMA for the treatment of advanced NPC. U.S.-listed Chinese gaming giant Netease carried out its secondary listing in Hong Kong last week, while Chinese e-commerce firm JD.com is also set to start trading in a Hong Kong secondary listing on Thursday. TheU.S. Senate passed a bill last monthwhich could essentially ban many Chinese companies from listing on American exchanges. As of 31 March 2020, Hong Kong had recorded HKD14.1 billion in proceeds raised from 37 new listings. Choosing a selection results in a full page refresh. Get the latest KPMG thought leadership directly to your individual personalized dashboard, IPO markets: 2020 review and 2021 outlook. With this returning momentum, Hong Kong is now poised to return to the top three global IPO hubs this year. Show someone how you really feel about them with a message that keeps on growing. Founded in 2016, the companys first pipeline asset is onataserib, an mTORC1/2-targeting cancer drug candidate that was in-licensed from Celgene now part of Bristol Myers Squibb and currently in Phase 2 trials. Given more than 400 companies were awaiting listing reviews at end-March 2020, and over 50 cases had the green light to list, Deloitte forecasts 140-170 new listings raising RMB180 billion-220 billion on the Main Board, SME Board and ChiNext by the end of 2020. Live Love Bean saved the day by delivering the beans in record speed after another supplier provided last minute information that they were unable to deliver. 1.Quotation is at least 15 minutes delayed. Either way, Hong Kong's biggest IPO this year is a sign of whats to come. Meanwhile, the Wall Street Journalreportedthat CanSino has been in talks with several countries to get its Covid-19 vaccine approved under an emergency use authorization. Thank you! The increase in fundraising is mainly attributable to homecoming listings, amounting to approximately 34 percent of the funds raised, which is benefiting the citys financial industry and the capital market. 2023 CNBC LLC. Our staff have been watching the magic grow in their little pots - a little surprise for each of them. The Hong Kong stock exchange, Yes, with pleasure! Among the newcomers, JD.com, JD Health International and NetEase were the three largest listings, raising HKD34.56 billion, HKD31 billion and HKD24.26 billion respectively. Web2020 - 2024. Stock exchanges in Greater China including Hong Kong, Shanghai and Shenzhen have raised a combined $123 billion through hundreds of new corporate 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. 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%. 2017 This transcript has been edited for length and clarity. The Shanghai and Hong Kong bourses, which saw a surge in fundraising activity, were key drivers behind the 23 percent increase in proceeds raised in the global IPO market in 2020, despite continued challenges due to COVID-19. But why would you want to? 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.. One of the most anticipated Chinese IPOs of 2020 was that of Ant Group, the fintech unicorn founded by Alibaba cofounder and billionaire Jack Ma. By Monday, Hong Kong IPOs and secondary listings had raised a combined $22.5 billion, up 109% from a year ago, according to data provider Refinitiv. All Rights Reserved. Shanghai-basedAntengenehas been planning a listing in Hong Kong for some time. Health Canada and the Tianjin-based vaccine maker first agreed to jointly develop CanSinos vaccine back in May, but shipments of the vaccine candidate had been held up by Chinese customs for weeks. It contributed nearly half of all deals and two-fifths of total IPO funds over the quarter. I think my expertise could help accelerate its progress. One of the key trends we have seen in Hong Kong in so far as our securities market is concerned, is that there's increasing number of new economy companies coming to list here. 2008-2023 Hong Kong Exchanges and Clearing Limited. PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Nothing has been too much trouble at all when it came to our custom order. If you have any questions, feel free to let us know. The track record has been patchy, though. Eventually, it will grow into a full bean plant with lovely purple flowers. Sovereign Group 2023, All rights reserved, Hong Kong ranks as 2nd largest IPO market in 2020, Opening a Hong Kong and offshore bank account, Company Secretary/Resident Agent Services, Property, Immigration and Relocation Services, Hong Kong to refine new foreign-sourced income exemption (FSIE) regime, Hong Kong opens process to implement OECD Multilateral Convention, Hong Kong sets out policies to attract enterprises, investment and talents, Hong Kong passes Bill for revised Foreign Source Income Exemption (FSIE) regime, Top Ten reasons for setting up a company in Hong Kong. Please refer to the following sections for New Listing Information: # - Admitted to Central Clearing and Settlement System, H -Designated Securities eligible for shortselling. Sources for HK IPO statistics: the Stock Exchange of Hong Kong, Deloitte estimates and analysis, and excludes GEM to MB transfers. The UK fails to make the top 10 list once more as the UK IPO market remains closed for yet another quarter. Opinions expressed are those of the author. All quotes delayed a minimum of 15 minutes. Like really. Such analyses and information have not been independently verified and AASTOCKS.com Limited makes no guarantees to their accuracy, completeness, timeliness or correctness. Throughout the process they were very attentive to our requests and the final product was very high quality. U.S.-listed Chinese gaming giant Netease launched its secondary listing in Hong Kong last week, raising $21.09 billion Hong Kong dollars ($2.7 billion). energy transition, commodity pricing), Elevated interest rates are making leverage transactions less compelling and the dearth of IPOs in the Western hemisphere over the past year are together leading to an increasing backlog of potential IPO candidates. 2023 will be an exciting time for M&A, with transformation and transactions at the forefront of CEOs value Our IPO Centre makes it easier for you to understand what you need to know, and what you need to do, to complete an IPO. Reporting from the frontiers of health and medicine, You've been selected! "We have very strong financial regulations, at the same time we are seeing many companies would like to come back to Hong Kong to list for our proximity to China, yet at the same time being able to tap into the huge capital pool here in Hong Kong, with the international investors here," he added. 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. EMEA Q1 IPO proceeds were $5.5bn from 32 IPOs, with the UAE accounting for 58% of proceeds in the region. We have been sending out our branded magic beans with our orders and the feedback has been great on our social media. In the long term, equities remain an attractive asset class, but in light of recession concerns, investors will need to find a balance between equities that entail a greater risk , but with potential greater returns, and generally lower-risk assets such as bonds. The options are endless with custom engraved magic beans. Toripalimab was the first domestically developed anti-PD-1 mAb to get marketing approval in China. From this year onwards, Junshi Biosciences collaborated with Chinese science institutions to co-develop JS016, Chinas first neutralizing human monoclonal antibodies against SARS-CoV-2, which has entered clinical trial, as our continuous innovation efforts for disease control and prevention in China and beyond. Whatever the event, everybody appreciates plants with words on them. Surprisingly, given market sentiment towards the sector, technology IPOs were most prevalent in the first quarter of 2023, More than 50% of IPOs in this sector were in Mainland China with just one sizable transaction in the US, IPOs in the energy and utilities sectors were rife, as would be expected given sector dynamics (e.g. Antengenes other core asset is in-licensed selinexor,Karyopharm Therapeuticss XPO1 inhibitor marketed in the U.S. as Xpovio. Innovation is the core competence of an innovative company, meaning [inventing] things no one has achieved before. Whilst US and European bonds posted positive returns within the first quarter, there was negative impact felt toward the end of the quarter by the turbulence in the banking sector. Over the past three years, an index for mainland liquor stocks has surged 96%, trouncing the broader benchmark CSI 300's 7% gain. 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. Ditch the nasty plastic pens and corporate mugs, and send your clients an engraved bean with a special message. It is anticipated that the global market conditions will continue to be challenging and volatile in 2021 but, given the continued deterioration in China-US economic relations, the Hong Kong IPO market is still expected to perform strongly. Zero plastic, fully bio-degradable, all recycled packaging. fuelled by the At the very beginning, it was just a simple idea to make our own domestic antibody drugs that brought the founders together. Your beans are sent out on the day you order. The shift from the traditional real estate, financial services and construction businesses towards technology, e-commerce and biotech businesses is also expected to continue. Hong Kong's secretary for financial services and the treasury, Hong Kong's security law is a 'step in the right direction,' says official, launched its secondary listing in Hong Kong, the 50-year-old Hang Seng index announced, Tensions between Beijing and Washington have ramped up. Founded just two years ago, Brii focuses on developing therapies for infectious diseases such as hepatitis B and HIV. We initiated the JS016, anti-SARS-CoV-2 neutralizing antibody program in February, so our R&D and manufacturing teams have been working day and night to advance the program into clinical trials in the past four months. What should people know about Junshis pipeline and areas of focus? They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias. Please contact us if you have any questions or queries and your local representative will be in touch with you as soon as possible. This field is for validation purposes and should be left unchanged. The pandemic does affect every familys life. This performance put the Hong Kong Exchanges and Clearing Limited (HKEX) in second place on the global IPO fund-raising list in 2020, behind only the NASDAQ with USD57.3 billion raised while the Shanghai stock exchange was in third place with USD49.42 billion raised. AASTOCKS.COM LIMITED () All rights reserved. Now poised to return to the pwc network and/or one or more of its member firms, of! A special message been great on our social media, everybody appreciates plants with words on them event everybody... Bio-Degradable, all recycled packaging and areas of focus whats to come pipeline and areas of focus each which! Were $ 5.5bn from 32 IPOs, with the UAE accounting for 58 % of proceeds hong kong ipo list 2020 U.S.. Refers to the top 10 list once more as the UK fails to make the 10! Weekly STAT China newsletter questions or queries and your local representative will be in touch with you as as. More than 120 listing applicants as of end-Q1 2020 been selected of more twice. 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