HON HAI Subsidiary Apply for IPO in Shanghai
HON HAI PRECISION has passed resolution that its subsidiary FII, Foxconn Industrial Internet Co., Ltd. will apply for A Share IPO in Shanghai Stock Exchange. The shares to be offered will be around 10% of the Company’s share capital.
US Court Renew Lawsuit Against Alibaba
Dec 6th, an appeal court in the US renewed the lawsuit against Alibaba for hiding warnings from the authorities on its selling of counterfeit products during IPO, which may constitute a fraud against investors.
Nov 10th, Sogou started trading in New York Stock Exchange by the code “SOGO”. IPO price is USD13 and closed at USD13.5. Its market value is USD5.29 billion.
Oct 31st, Razer started IPO in Hong Kong. According to the Company, it is to issue around 1.06 billion shares at a price range of HKD2.93-4.00 to raise HKD3.691 billion.
August 7th, Yononbike has started IPO subscription, which is the first among all bike sharing companies. In total, 24 million shares will be offered, in which 9.60 million will be offered on-line. The PER will be 22.99 and price is RMB26.85.
Mar 12th, SF-Express released its first annual report since IPO. According to the report, the Company received a net profit RMB4.180 billion, increased by 112.51% over Year 2015.