Market watchers are hailing the modest success of the new listing by online cosmetics seller Jumei International (NYSE: JMEI), which managed a respectable pricing and trading debut in New York despite waning sentiment towards Chinese Internet IPOs. I would agree with that view somewhat, since the company’s shares could have easily fallen in their trading debut but instead ended up rising a solid 10 percent on their first trading day. But I’d also advise market watchers to check the bottom line, which saw Jumei slash the size of its original offering by nearly two-thirds due to weak demand. Read Full Post…
Tag Archives: Cheetah Mobile
IPOs: JD Sets Range, Tuniu Lumbers Up
Just when it looked like the New York market for Chinese IPOs was running out of steam, we’re seeing new positive signs with the modestly successful trading debut of online travel site Tuniu (Nasdaq: TOUR) and the setting of a relatively upbeat price range for JD.com, China’s second largest e-commerce firm. Both signals continue a current trend of softening sentiment in the market, as investors tire of giving billions of dollars in new money to Chinese Internet firms. But they also show there may still be some life left in the market, leading me to return to a prediction I made early this year that the current IPO window could last through the end of June. Read Full Post…
News Digest: May 9, 2014
The following press releases and media reports about Chinese companies were carried on May 9. To view a full article or story, click on the link next to the headline.
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- Cheetah Mobile (NYSE: CMCM) Gains in Trading Debut After $168 Million IPO (English article)
- AgBank (HKEx: 1288) Plans to Raise $12.8 Bln In Capital (English article)
- Apple (Nasdaq: AAPL) Says In Talks For Phone Recycling Program In China (Chinese article)
- TCL (HKEx: 2618) Says Smartphone Sales Tripled To 8.83 Mln Units In Jan-April (Chinese article)
- Yingli (NYSE: YGE) To Supply 30 MW PV Modules to Turkey’s Tekno Ray Solar (PRNewswire)
- Latest calendar for Q1 earnings reports (Earnings calendar)
News Digest: May 6, 2014
The following press releases and media reports about Chinese companies were carried on May 6. To view a full article or story, click on the link next to the headline.
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- Cheetah Mobile Makes Additional IPO Filing, Discloses Q1 Results (Chinese article)
- Baosteel, Aurizon (Sydney: AZJ) Bid For Aquila In $1.3 Bln Iron Deal (English article)
- Tencent Buys 11.28 Pct Of NavInfo (Shenzhen: 002405) For 1.1.7 Bln Yuan (Chinese article)
- Dianping Invests in Food Ordering Site Ele.me (English article)
- YY (Nasdaq: YY) Reports Q1 Unaudited Financial Results (Globe Newswire)
- Latest calendar for Q1 earnings reports (Earnings calendar)
IPOs: Spring In Shanghai, Cheetah In NY, Football In London
A flurry of IPO news is in the headlines as we start this new week, including more troublesome signs from New York for an upcoming tech IPO, and a potentially exciting new offering in Shanghai from China’s leading budget airline. Meantime, another quirky piece of IPO news is making headlines with word that a Sichuan-based soccer club is aiming for an eventual listing in London. The 3 companies involved in these news bits, respectively, are security software maker Cheetah Mobile, budget carrier Spring Airlines and the Sichuan Leaders soccer club. Read Full Post…
News Digest: April 26-28, 2014
The following press releases and media reports about Chinese companies were carried on April 26-28. To view a full article or story, click on the link next to the headline.
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- China Budget Airline Spring Plans $400m IPO In Shanghai (English article)
- Cheetah Mobile Announces IPO Price Range, To Raise Up To $200 Mln (Chinese article)
- Yingli (NYSE: YGE) Announces Pricing Of Offering of 25 Mln ADSs (PRNewswire)
- Suning (Shenzhen: 002024) To Exhibit Google (Nasdaq: GOOG) Glass In China (English article)
- Many Return To Work After Yue Yuen (HKEx: 551) Offer In China Strike (English article)
- Latest calendar for Q1 earnings reports (Earnings calendar)
IPO Fever Cools With Sina Pricing, Tarena Debut
The booming market for Chinese IPOs in New York got some worrisome signals last week after investors shunned 2 new listing candidates, raising the very real possibility that the current wave of enthusiasm is quickly ebbing. That could mean a new period of stagnation or even a downturn is looming for the sector, which suffered for 2 years before rebounding sharply in the second half of 2013. Read Full Post…
Tarena Sputters As Year’s First China IPO In NY
Educational services provider Tarena (Nasdaq: TEDU) has become the first Chinese company to list in New York this year, posting a disappointing debut hinting that US investor enthusiasm towards China stocks may be starting to cool. But truth be told, Tarena hardly looks like the vast majority of Chinese companies rushing to list in New York, most of which are in the Internet space. By comparison, Tarena is a relatively niche provider of education services for software engineers that is growing quickly enough but is still quite small. Read Full Post…
IPOs: E-House Decorates Leju, Cheetah Chases $300 Mln
The tide of Chinese firms rushing to list in the US continues, with big new moves coming from security software specialist Cheetah Mobile and Leju, a unit of online real estate agent E-House (NYSE: EJ). Cheetah has filed for a New York listing to raise a hefty $300 million, in what would have been considered a major deal just a half year ago but now looks rather routine in the current wave of new offers by Chinese tech firms. Meantime, E-House is continuing its own IPO drive for Leju, which has just announced a new tie-up that will allow its users to invest in US real estate. Read Full Post…
News Digest: April 3, 2014
The following press releases and media reports about Chinese companies were carried on April 3. To view a full article or story, click on the link next to the headline.
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- ICBC (HKEx: 1398) Considers Bid For Unicredit’s Pioneer Fund Arm: Source (English article)
- Security Software Maker Cheetah Mobile Files For $300 Mln US IPO (English article)
- 51job (Nasdaq: JOBS) Announces Proposed $150 Mln Convertible Note Offer (PRNewswire)
- Intel (Nasdaq: INTC) Announces $100 Mln Smart Device Fund For China (Businesswire)
- New Virtual Network Operators Confronted With High Wholesale Prices (Chinese article)
