Initial Public Offerings (IPO) are fascinating in the world of trading. Let’s take a look at some of Hong Kong’s finest IPOs.
Alibaba Group
Alibaba Group is a multinational Chinese holding company specializing in e-commerce, retail, Internet, and technology. Jack Ma founded the company in 1999.
It is one of the largest companies in China, with over US$485 billion in assets as of 2020. Alibaba’s IPO on the Hong Kong Stock Exchange in 2014 was the largest ever at the time, raising over US$25 billion.
Baidu
Baidu is a Chinese multinational technological business specializing in Internet-related services and products. Robin Li and Eric Xu founded the company in 2000 and went public on the Nasdaq Stock Exchange in 2005.
Baidu’s IPO raised over US$1.5 billion, making it the largest ever for a Chinese company at the time.
Ctrip
Neil Shen established Tridip, a Chinese online travel agency, in 1999. The firm offers air tickets, hotels, and vacation packages. It also offers services such as insurance and visa processing related to other forms of transportation.
Ctrip went public on NASDAQ in 2003, raising over US$60 million.
DJI
DJI is a Chinese technology company specializing in manufacturing drones and camera gimbals for aerial photography and videography. The company was founded in 2006 by Frank Wang and has since become the world’s largest drone manufacturer with over 70% market share.
DJI’s IPO on the Hong Kong Stock Exchange in 2019 was the largest ever for a Chinese drone company, raising over US$2 billion.
Tencent Holdings
Tencent Holdings is a Chinese multinational technology company specializing in Internet services and products. The company was founded in 1998 by Ma Huateng, Pony Ma, and Zhang Zhidong and went public on the Hong Kong Stock Exchange in 2004.
Tencent’s IPO raised over US$1.8 billion, making it the largest ever for a Chinese internet company at the time.
Xunlei
Xunlei is a Chinese technology company specializing in cloud computing and online streaming services. The company was founded in 2003 by Lei Chen and has since become one of China’s largest cloud computing providers. Xunlei’s IPO on the NASDAQ Stock Exchange in 2010 was the largest ever for a Chinese technology company, raising over US$350 million.
BOC Hong Kong Holdings
BOC Hong Kong Holdings is a banking and financial services company headquartered in Hong Kong. The company was founded in 2002 as a subsidiary of the Bank of China. In 2007 it went public on the Hong Kong Stock Exchange.
BOC Hong Kong’s IPO raised over US$4.5 billion, making it the largest ever for a banking or financial services company at the time.
CNOOC
CNOOC is a Chinese state-owned oil and gas company headquartered in Beijing. The company was established in 1982 and went public on the Hong Kong Stock Exchange in 2001.
CNOOC’s IPO raised over US$2 billion, making it the largest ever for a Chinese state-owned enterprise at the time.
China Evergrande Group
China Evergrande Group is a Chinese conglomerate headquartered in Guangzhou. The company was established in 1996 and went public on the Hong Kong Stock Exchange in 2009.
China Evergrande’s IPO raised over US$3 billion, making it the largest ever for a Chinese real estate developer at the time.
Galaxy Entertainment Group
Galaxy Entertainment Group is a gaming and resort operator headquartered in Hong Kong. The company was established in 1988 and went public on the Hong Kong Stock Exchange in 2007.
Galaxy Entertainment’s IPO raised over US$4.5 billion, making it the largest ever for a gaming or hospitality company at the time.
China Resources Land
China Resources Land is a Chinese property developer headquartered in Shenzhen. The company was founded in 1992 and went public on the Hong Kong Stock Exchange in 2004. China Resources Land’s IPO raised over US$2 billion, making it the largest ever for a Chinese real estate developer at the time.
These are only a few of the IPOs Hong Kong has to offer. Take your time and do your research before you jump into trading.