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Top 10 Chinese Internet firms eyeing IPOs in US [China Daily: Hong Kong Edition](China Daily: Hong Kong Edition Via Acquire Media NewsEdge) Fever of listing companies in the United States has spread to China's Internet sector this year as more e-commerce firms, online travel agencies, mobile game companies, and social media firms have joined the game to launch initial public offering on US bourses. Although some of them have not confirmed plans to list in the US, rumors are swirling all over China's online media. This is not the first time that Chinese companies are planning to go public. The early pioneers, China.com, Sina.com, NetEase Inc and Sohu.com, all launched their IPO filing around new millennium. Around 2005, another wave came when Baidu, Tencent, Ctrip.com, KongZhong and SNDA all took part in the race. The latest IPO boom started at the end of last year with online firms such as Qunar.com, 58.com and autohome.com. Let's take a look 10 most-anticipated IPOs. The list is ranked in random order. Weibo Weibo Corp, China's version of Twitter Inc, raises $286 million in an initial public offering in New York on Thursday, falling short of expectations because of a reduced offering size, in a big test of demand for Chinese Internet stocks ahead of a hotly anticipated Alibaba Group Holding Ltd. listing. At the IPO price, Weibo, which is growing fast but posted a net loss last year, is valued at about $3.4 billion. The $17-a-share price, which was at the bottom of the projected range of $17 to $19. The company sold 16.8 million shares, fewer than the 20 million expected. Weibo Corporation Chairman Charles Chao rings the opening bell at the NASDAQ MarketSite in Times Square in celebration of Weibo's initial public offering (IPO) on The NASDAQ Stock Market in New York April 17, 2014. [Photo / Agencies] Top 10 trading partners of the Chinese mainland Top 10 picks for global travelers Top 10 regions with highest GDP in China JD.com JD.com Inc, China's second-largest e-commerce company, will be split into four different business units: two groups, a subsidiary and a business division as it prepares to launch an initial public offering in the US. A pedestrian walks past an advertisement for online shopping site JD.com, formerly called jingdong.com or 360buy.com, in Shanghai, China, 25 May 2013. [Photo / dfic.cn] Top 10 trading partners of the Chinese mainland Top 10 picks for global travelers Top 10 regions with highest GDP in China Tuniu.com To compete with its listed rivals, such as Ctrip, Qunar and eLong, Tuniu.com handed out its registration statement to the Securities and Exchange Commission of the US at the beginning of April as it seeks to raise $120 million through its IPO. Employees talk with visitors at the stand of online travel agency Tuniu.com at a fair in Nanjing city, east Chinas Jiangsu province, 5 September 2013. [Photo / dfic.cn] Top 10 trading partners of the Chinese mainland Top 10 picks for global travelers Top 10 regions with highest GDP in China Alibaba According to online media reports, Chinese e-commerce giant Alibaba Group Holding Ltd is expected to file the prospectus for its IPO next week, although there has been no official comment by Alibaba itself. The IPO could be worth more than $16 billion, surpassing the previous record for a technology listing set by Facebook Inc in 2012, according to media reports. Employees are seen at the stand of Alibaba.com during an exhibition in Shanghai, China, 5 March 2011. [Photo / dfic.cn] Top 10 trading partners of the Chinese mainland Top 10 picks for global travelers Top 10 regions with highest GDP in China Jumei Jumei.com, an e-commerce company that sells cosmetics, is planning an initial public offering in the US and will seek to raise about $500 million. The China-based company will join JD.com, in seeking capital in the US. A Chinese netizen browses the website of online cosmetics retailer site Jumei.com in Tianjin, China, 13 February 2014. [Photo / dfic.cn] Top 10 trading partners of the Chinese mainland Top 10 picks for global travelers Top 10 regions with highest GDP in China Xunlei Wang Ying, vice president of xunlei.com, reportedly claimed at a forum held in Shenzhen that the story about xunlei's imminent IPO is not a fabricated rumor, and the company is prepared for listing, according to the website of Securities Times. Employees are seen at the stand of www.kankan.com during the 20th China International Advertising Festival in Nanjing city, east Chinas Jiangsu province, 26 October 2013.[Photo / dfic.cn] Top 10 trading partners of the Chinese mainland Top 10 picks for global travelers Top 10 regions with highest GDP in China Zhaopin.com Zhaopin.com, a Chinese online job-market operator controlled by Australia's Seek Ltd, has selected Credit Suisse Group AG and UBS AG to work on an IPO as early as the first half, according to a Bloomberg report in January. The IPO may raise more than $200 million, the source said. A photo taken on April 8, 2014 shows an office of zhaopin.com in Shanghai. [Photo / dfic.cn] Top 10 trading partners of the Chinese mainland Top 10 picks for global travelers Top 10 regions with highest GDP in China Vancl According to techinasia.com, Vancl, the Chinese clothing e-tailor, has wrapped up its seventh round of venture capital funding. The newest tranche is worth $100 million. Some in media have questioned the possibility that the company will launch an IPO in 2014 since the latest funding didn't match their expectation. A Chinese netizen browses the website of online retailer site vancl.com in Shanghai, China, 11 February 2014. [Photo / dfic.cn] Top 10 trading partners of the Chinese mainland Top 10 picks for global travelers Top 10 regions with highest GDP in China Meituan Online media revealed that Chinese group-buying site Meituan is nearing completion on a new round of funding of more than $100 million led by Sequoia Capital. Rumors said Meituan will seek an IPO in the half year of 2014. A file photo taken on March 23, 2013 shows the logo of meituan.com. [Photo / dfic.cn] Top 10 trading partners of the Chinese mainland Top 10 picks for global travelers Top 10 regions with highest GDP in China CHUKONG Technology Beijing CHUKONG Technology Co Ltd, a China-based mobile-gaming company, will deliver its prospectus to the Securities and Exchange Commission of the US in the second quarter of 2014, according to China Business News. Another source told the newspaper that Morgan Stanley, Deutsche Bank and China Renaissance Partners will be its underwriter. People visit the stand of Chukong Technology during the 11th China Digital Entertainment Expo and Conference, known as ChinaJoy 2013, in Shanghai, China, 25 July 2013. [Photo / dfic.cn] Top 10 trading partners of the Chinese mainland Top 10 picks for global travelers Top 10 regions with highest GDP in China (c) 2014 China Daily Information Company. All Rights Reserved. Provided by Syndigate.info, an Albawaba.com company |