Millet beauty regiment drops... Chinese science and technology unicorn is on the market

category:Internet
 Millet beauty regiment drops... Chinese science and technology unicorn is on the market


In recent months, at least a dozen Chinese technology companies have negotiated with bankers and potential investors on the first public offerings (IPO) in the second half of this year or early 2019, according to people familiar with the matter. The private valuations of these companies are about $500 billion. If all of these transactions are planned, at least 50 billion dollars worth of new shares may hit the stock market, which will test investors interest in Chinas expanding Internet consumer economy. When choosing to go public, the company usually sells 10% to 20% of the shares. Chinas technology companies are eager to go public to reflect a shift in their strategies. Last year, many of the worlds most valuable technology unicorns ((the Private Companies valued at more than $1 billion)) had little demand for capital markets because they had plenty of cash and plenty of private financing options. Now, several factors are promoting such a shift, including a loosening of the rules of China and Hongkong, the intensification of competition in China Mobile and the Internet industry, stock market valuations and rising shareholder pressure. RockyLee, partner of King&WoodMallesons, a law firm, said: this is a herd mentality. If your competitors decide to go public, you must also consider listing. The Wall Street Journal reported last week that DidiChuxing, a Chinese car giant, accelerated its listing plan in recent weeks. Earlier this year, a large online service platform in China began offering competitive car service. GloriaLiu, a partner at the Hongkong law firm DLAPiper, said that several Chinese private enterprises have become the main participants in their industry after the merger or acquisition with other technology companies. She added that listing is the next natural step. Other Chinese technology companies involved in the IPO program include smartphone maker millet, music streaming media company Tencent music and entertainment group and online bank Lufax, which has been supported by the Chinese financial giants safety insurance. Ma Yun (JackMa)s financial technology giant, Alibaba (Alibaba), the ant financial services group, is currently in a $9 billion financing, and it is widely expected that the company will follow the approach. Many big companies have begun to make a profit. Several companies are seeking to go public in Hongkong, as Hongkongs regulatory reform has encouraged more IPO. RichardJi, chief investment officer of Hongkong All-StarsInvestment, says it allows tech entrepreneurs to keep control of their own companies and can be listed near local places. (small) source of this article: NetEase science and technology report editor: Wang Fengzhi _NT2541 Other Chinese technology companies involved in the IPO program include smartphone maker millet, music streaming media company Tencent music and entertainment group and online bank Lufax, which has been supported by the Chinese financial giants safety insurance. Several companies are seeking to go public in Hongkong, as Hongkongs regulatory reform has encouraged more IPO. RichardJi, chief investment officer of Hongkong All-StarsInvestment, says it allows tech entrepreneurs to keep control of their own companies and can be listed near local places. (small)