Jianzhi Bets on Education Stock Renaissance with New York IPO
Key Takeaways
A year after first filing for a New York IPO, Jianzhi Education has set a price range of $5 to $7 and a $34.5 million fundraising target for the listing
Bad Cryptocurrency Investments Take Shine Off Meitu
Key Takeaways:
Beauty software maker Meitu said its $100 million bet on Bitcoin and Ether cryptocurrencies last year has lost nearly half its value
Despite the losses, company says it remains “positive on the long-term prospects of the acquired cryptocurrencies”
By Doug Young
Beauty Products Maker Imeik Makes Second Try at Hong Kong IPO
Key Takeaways:
Started in 2004, Imeik is the largest provider of hyaluronic acid-based skin fillers in China
The firm’s products lack variety and tighter government regulations could throw a wrench in ambitious plans
By Tina Yip
Stretched to the Max, Shandong Ruyi Loses Control of Lycra
Key Takeaways:
Three and a half years after spending $2.6 billion to buy 53% of Lycra, Shandong Ruyi has lost control of the fashion brand after creditors seized a majority of the company last week
Wego’s Dialysis Business Seeks Hong Kong IPO in MedTech Boom
Key Takeaways:
Weigao Blood Purification filed for a Hong Kong IPO soon after bringing in well-known institutional investors
The company is a domestic leader in China’s blood purification industry across a range of products, including blood filters and dialysis tubing
By Molly Wen
Wealth Manager Noah Banks on Hong Kong to Revive Fortunes
Key Takeaways:
Noah Holdings was approved for a secondary listing in Hong Kong, offsetting the risk of its shares being ousted from New York
The company posted record profits last year from a super-rich client base, but revenues and profits fell more than 30% in the first quarter in a choppy investment market
By Lau Ming
Latest Bitcoin Meltdown Pressures Chinese Crypto Companies
Key Takeaways:
Ebang, a maker of cryptocurrency mining machines, has been warned about potential delisting from the Nasdaq after its stock remained below $1 for a prolonged period
Rival crypto mining equipment maker Canaan repurchased warrants it issued last year after its stock plunged to levels well below the exercise price
With Zero Revenue, Laekna Plays Chicken-And-Egg Game With Investors
Key Takeaways:
Laekna is seeking a Hong Kong IPO to raise funds to accelerate the commercialize two core products licensed from Novartis
The company currently is not generating any sale, with most of its products in early stages of development
By Tina Yip
Energy Monster Expands Its Reach, But Gets Bitten by Covid
Key Takeaways:
• Leading power bank provider Smart Share Global’s revenue fell 13% in the first quarter as it suffered from pandemic lockdowns
• Company hopes to improve performance with more efficient new power bank cabinet set to launch by the end of this year