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Shanghai Stock Exchange

All articles tagged with #shanghai stock exchange

markets2 hours ago•3 min saved

Unitree’s humanoid-robot IPO rockets in Shanghai debut

Shares in Unitree Robotics surged about 600% on its Shanghai IPO debut, after pricing at RMB 150.8 per share and valuing the company around $9 billion; intraday gains peaked near 629% before settling about 578% higher as onshore retail demand overwhelmed supply. The listing made Unitree a rare pure‑play humanoid robotics stock in China, aided by strong brand recognition from festive robot performances and an oversubscribed retail tranche (over 5,500 times). Overseas revenue is a meaningful portion of earnings, and investors are pricing in steep growth amid China’s tech rally even as US restrictions on humanoid robots pose a backdrop.

via Financial Times|

#chinese-technology-stocks #ipo #markets

finance3 years ago•1 min saved

"Shanghai Exchange Urges Bankers to Closely Vet Chinese Medical Firms IPOs Amid Anti-Corruption Storm in Healthcare Sector"

The Shanghai Stock Exchange has advised investment bankers and lawyers to closely scrutinize the marketing practices of Chinese drug and medical equipment companies seeking IPOs, in light of an ongoing anti-corruption campaign in the sector. The exchange has urged them to ensure compliance and legitimacy in sales and marketing activities, as well as examine the possibility of bribery. This guidance comes as China intensifies its crackdown on the practice of salespeople bribing doctors. As a result, several healthcare companies have postponed their IPO plans, and listed medical firms have seen a decline in their share prices.

via Reuters|

#anti-corruption-drive #chinese-medical-firms #compliance

business3 years ago•1 min saved

"Hua Hong's Shanghai Debut Sees 13% Surge in Chip Foundry Shares"

Shares of Hua Hong, China's second-largest chip foundry, jumped 13% during its market debut on the Shanghai Stock Exchange's Star Market. However, the gains were quickly given up, and the shares were trading lower in the afternoon. Hua Hong raised 21.2 billion yuan ($2.95 billion) in its IPO, making it the largest IPO in mainland China this year. The company produces semiconductors used in various industries and aims to ramp up on advanced chip technology as China seeks self-reliance in the face of US efforts to restrict access to advanced chip tech.

via CNBC|

#business #chip-foundry #hua-hong