New signs are emerging that many Chinese firms waiting to make offshore IPOs won’t be able to take advantage of a sudden window of positive sentiment that has suddenly appeared, and instead will have to target the late first quarter or second quarter of 2013. This sudden window of opportunity has caught nearly everyone by surprise, and few if any companies have completed the necessary preparations needed to make offerings before mid-December. The period from Christmas to Chinese New Year is typically dormant for new offerings due to all the holidays, meaning most new offerings will have to wait until March to try their luck if investor sentiment remains positive for that long.
Tag Archives: Vancl
News Digest: November 29 报摘： 2012年11月29日
The following press releases and media reports about Chinese companies were carried on November 29. To view a full article or story, click on the link next to the headline.
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- CNOOC (HKEx: 883), Nexen (Toronto: NXY) Reapply For US Deal Approval (English article)
- Yingli (NYSE: YGE) Announces Largest Module Supply Contract in Company History (PRNewswire)
- Vancl Reduces Workforce Ahead of IPO (English article)
- Jingdong Mall Obtains 5 Bln Yuan in Credit for Supplier Financing (English article)
- Shanda Cloudary Aims For April 2013 IPO, Hires Merrill As Underwriter (Chinese article)
YY Opens Way For Chinese US IPOs YY为中国企业赴美上市破冰
The prolonged winter for Chinese IPOs in New York may finally be nearing an end, following the modestly successful listing of commercially-focused social media site YY (Nasdaq: YY). I am calling this listing “modestly successful” because it priced at the low end of its range and rose a modest 8 percent on its trading debut, which would be a good but not a great result under most circumstances. But against the broader background of a deep freeze in US investor sentiment towards Chinese companies over the last year and a half, this kind of performance could actually be considered a major breakthrough and triumph for the battered sector.
YY Marches To Market YY开赴市场
The latest signs of a thaw in overseas sentiment toward Chinese stocks is coming today with news that online networking site YY has set a price range for its New York IPO, in what would become only the second major US offering by a Chinese firm this year. At the same time, media are reporting that the US securities regulator is moving closer to a deal with its Chinese peers that will give it better access to the auditing records of US-listed Chinese firms, another major development that should further boost investor confidence.
Fund Raising: Maps, Milk and Vancl 丁丁网与华夏畜牧获得新融资 凡客或很快赴美上市
A flurry of fund-raising news is making the headlines today, showing that private equity and venture capitalists are still hard at work investing in China, even as many of their traditional favorites in the overheated Internet space are getting the cold shoulder. At the same time, the inevitable has finally happened with the first concrete report that cash-challenged clothing retailer Vancl has re-started its long-delayed IPO process, with an aim of making a public listing in New York potentially by the end of this year.
News Digest: November 2 报摘： 2012年11月2日
The following press releases and media reports about Chinese companies were carried on November 2. To view a full article or story, click on the link next to the headline.
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- Vancl Restarts IPO Process, Aims For Profitability By Year End (Chinese article)
- Qihoo 360 (NYSE: QIHU) Looks for 15-20 Pct Search Market Share (English article)
- China Telecom’s (HKEx: 728) Mobile Reading Base Aims for Future IPO (English article)
- Huaxia Dairy Creates New CEO Position, Raises Additional $50 Million (Businesswire)
- China Launches Trade Probes on EU Solar Products (English article)
- Latest calendar for Q3 earnings reports (Earnings calendar)
Qunar Joins Year-End IPO Queue 去哪儿网有望年底赴美上市
We’re seeing growing signs that a mini-parade of Chinese IPOs could march through New York in the last 2 months of 2012, with word that online travel site Qunar hopes to list in the US by the end of the year. (Chinese article) If the reports are true, Qunar would join a small but growing list of Chinese companies that could make US listings by year end, with video sharing sites operated by Xunlei and Sohu (Nasdaq: SOHU) also sending similar signals. (previous post) If these listings go well, we could even see one of the shakier companies that has been waiting patiently to make a listing quickly move forward with an IPO, with online clothing retailer Vancl the most likely candidate in this category.
Suning Links With Vancl, 24Quan Shutters 苏宁易购联手凡客诚品 24券暂时停业
New signs of consolidation are appearing in the overheated in e-commerce and group buying spaces, with Suning.com (Shenzhen: 002024) again emerging as a potential major consolidator in e-commerce as a mid-sized group buying site named 24Quan closes up shop. The e-commerce news is easily the more interesting of these 2 bits, as China’s group buying sector has largely run out of cash by now and most players are tottering on the brink of insolvency. By comparison, the e-commerce field is backed by a big number of cash-rich companies like Suning, Alibaba and Amazon (Nasdaq: AMZN), which have indicated they are prepared to lose big money for a long time to defend and build their positions in a country likely to become the world’s biggest e-commerce market in the next 5-10 years.
News Digest: October 23 报摘： 2012年10月23日
The following press releases and media reports about Chinese companies were carried on October 23. To view a full article or story, click on the link next to the headline.
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- China Mobile (HKEx: 941) Announces Q3 Results (HKEx announcement)
- CNOOC (HKEx: 883) Says Sued in US Over False Statements on Penglai Spill (HKEx announcement)
- LDK (NYSE: LDK) Solar Signs Share Purchase Agreement with Heng Rui Xin Energy (PRNewswire)
- Vancl Sets Up Shop on Suning.com (Shenzhen: 002024) Website (Chinese article)
- Group Buying Site 24Quan Temporarily Halts Business (Chinese article)
- Latest calendar for Q3 earnings reports (Earnings calendar)
E-Commerce: Jingdong, Suning, Alibaba 电商：京东商城、苏宁易购、阿里巴巴
After a brief quiet spell, e-commerce is suddenly splashing back into the headlines on several fronts, with big news coming from the sector’s top 3 players, Alibaba, Jingdong Mall and Suning.com (Shenzhen: 002024), as each chases new business. Alibaba leads off the headlines with word that it’s preparing to launch a major new promotion on its popular TMall platform; while Jingdong is getting ready to launch a major overseas foray; and last but perhaps most interesting is Suning.com, which is chasing a new acquisition.
News Digest: September 15-17, 2012 报摘： 2012年9月15-17日
The following press releases and media reports about Chinese companies were carried on September 15-17. To view a full article or story, click on the link next to the headline.
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- China’s Sany (Shanghai: 600031) Seeks Covenant Waiver on $510 Mln Debt (English article)
- Home Depot’s (NYSE: HD) Do-It-Yourself Model Fails in China’s Do-It-For-Me Market (English article)
- Huawei, ZTE (HKEx: 763) Deny Threat to US Security (English article)
- Vancl Tests Out Vietnam Market (Chinese article)
- China Telecom’s (HKEx: 728) Anhui Unit Begins Accepting iPhone 5 Pre-Orders (English article)
