Chinese IPOs surge in Hong Kong as Minieye, Guming line up listings [Yahoo! Finance]
Alibaba Group Holding Limited American Depositary Shares each representing eight Ordinary share (BABA)
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Source: Yahoo! Finance
shares and bubble tea giant Guming revives its initial public offering (IPO) plans. Shenzhen-based Minieye will sell 39 million shares in the range of HK$17 to HK$20.20 next week, which would allow it to raise up to HK$783 million (US$100 million), the company said in an exchange filing on Tuesday. Guming, which has roughly 9,000 shops in mainland China, aimed to raise US$300 million to US$500 million when it first made a move to list earlier this year. The growing momentum from Chinese companies is expected to bolster Hong Kong's exchange in 2025, according to recent forecasts by EY and KPMG. Do you have questions about the biggest topics and trends from around the world? Get the answers with SCMP Knowledge , our new platform of curated content with explainers, FAQs, analyses and infographics brought to you by our award-winning team. Fundraising reached HK$83.4 billion in the year to November, according to data compiled by EY, an increase of 80 per cent from a year earlier. T
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