Tokyo Metro's IPO, which has raised 348.6 billion yen ($2.3 billion), is pricing shares at 1,200 yen per share, at the upper end of the market pricing range, according to people familiar with the matter, indicating strong demand for Japan's biggest IPO in six years. The issue price of the shares ranges from 1,100 yen to 1,200 yen per share. The company is expected to list in Tokyo on October 23. This is Japan's largest IPO since SoftBank's $21 billion IPO in December 2018, according to agency data. Japan's IPO has raised $1.6 billion this year, and the Tokyo Metro listing, along with other deals, could bring that figure close to the $4.4 billion for all of 2023. (Sina)
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Hyundai Motor India launched a US$3.3 billion IPO, which could become the largest IPO in India's history
Korea's Hyundai Motor Group India branch said in regulatory filings that it will begin accepting orders for its $3.3 billion initial public offering (IPO) in Mumbai on Monday, which would be the largest equity offering ever in India and the second-largest in the world in 2024. Hyundai Motor will not issue new shares in the IPO, and its parent company in Korea will sell up to 17.5% of its stake in a wholly-owned subsidiary for a value of up to $19 billion. (Sina Finance)
Foreign media: SHEIN has become the second largest clothing fashion brand in France
36Kr learned that according to foreign media reports, SHEIN has become the second largest clothing and fashion brand in France, almost equal to ZARA. According to the ranking of the France professional consumer journal LSA, SHEIN's sales in France in 2023 surpassed H&M, Primark and even Kiabi, and slightly lower than the Zara brand owned by the Inditex group in Spain. Based on SHEIN's continued high annual growth rate, the agency expects the SHEIN brand to surpass Zara in sales in France in 2024.
TSMC plans to build more chip factories in Europe
TSMC is reportedly planning to build more factories in Europe, focusing on the AI chip market, to expand its global footprint. According to sources, TSMC has begun to build its first wafer fab in Dresden, Germany, and plans to build several fabs for different market sectors in the future. (Interface)
Gong Xin, CEO of Cao Cao Mobility: Launch a fully customized Robotaxi model within two years
On October 14, Gong Xin, CEO of Cao Cao Mobility, was invited to attend the summit and deliver a keynote speech at the Suzhou Intelligent Connected Vehicle "Vehicle-Road-Cloud Integration" Application Pilot Promotion Conference and the 6th Global Intelligent Driving Conference. In his speech, Gong Xin revealed Cao Cao's Robotaxi strategic plan for the next five years: launch fully customized Robotaxi models within two years; At the same time, combined with the travel operation experience accumulated in the past 9 years, Cao Cao Travel will build an automated operation system covering all scenarios, and the application will be launched in 2025 and officially opened in 2026. (Interface)
Ziguang Guowei: The chairman and vice chairman resigned, and Chen Jie was elected as the chairman
36Kr learned that Ziguang Guowei announced that due to work adjustments, Ma Daojie applied for resignation as chairman of the company and member of the nomination committee, and after resigning from the above positions, Ma Daojie continued to serve as a director of the company; Xie Wengang applied for resignation as vice chairman of the company, and after resigning from the above positions, Xie Wengang continued to serve as the company's director and president. The company held a board meeting on October 14 to elect Chen Jie as the chairman of the company and Ma Daojie as the vice chairman of the company.
Alibaba will be included in the Hang Seng Hong Kong Stock Connect Index after the market closes on October 25
36Kr learned that the Hang Seng Index issued an announcement that because Alibaba has been included in the Hong Kong Stock Connect and meets the requirements of the fast-track inclusion rules of the relevant index, Alibaba will be included in the following indices after the market closes on October 25, 2024 (Friday), and will take effect on October 28, 2024 (Monday).
NIO Technology Mobile Co., Ltd. added mobile terminal equipment manufacturing business
36Kr learned that the Aiqicha App showed that recently, Weilai Mobile Technology Co., Ltd. has undergone industrial and commercial changes, and its business scope has added mobile terminal equipment manufacturing business. The company was established in August 2022 with Qin Lihong as its legal representative, with a registered capital of US$100 million and is wholly owned by NIO Smart Technology Limited, a subsidiary of NIO. According to media reports, in August 2023, Li Bin, founder, chairman and CEO of NIO, revealed that the launch of mobile phones will help increase the competitiveness of cars, and recently, the new generation of NIO Phone was officially released.
Liang Jun, the former executive general manager of the investment banking division of Minsheng Securities, joined Orient Securities as the managing director of the investment banking department
After the merger of Orient Securities Underwriting and Sponsorship Co., Ltd. into Orient Securities, the investment banking department of Orient Securities welcomed a new managing director. It is learned from the industry that Liang Jun, the former executive general manager of the investment banking division of Minsheng Securities, has joined Orient Securities as the managing director of Orient Securities Investment Bank. According to the website of the China Securities Association, at present, Liang Jun's practice information has been registered as Orient Securities. A person familiar with the matter said that Liang Jun will focus on customer financial services and other business lines in Orient Securities Investment Bank. Liang Jun joined the investment banking department of Minsheng Securities in November 2007 and has worked in Minsheng Securities for 17 years. (Interface)
Xpeng Motors established a new technology company, including a number of AI businesses
36Kr learned that the Qichacha App showed that recently, Guangzhou Pengxiao Technology Co., Ltd. was established, the legal representative is Chen Zhiyuan, with a registered capital of 5 million yuan, and its business scope includes artificial intelligence application software development, artificial intelligence public service platform technical consulting services, artificial intelligence basic software development, artificial intelligence general application system, artificial intelligence public data platform, artificial intelligence industry application system integration services, etc. According to the equity penetration of the enterprise investigation, the company is wholly owned by Guangzhou Zhipeng Internet of Vehicles Technology Co., Ltd., which is 50% owned by Guangzhou Xiaopeng Automobile Technology Co., Ltd. and Chen Zhiyuan.
AutoNavi Hitchhiker was officially launched
36Kr learned that AutoNavi hitchhiking business was officially launched, from now on, users can select "hitchhiking" in the "taxi" service on AutoNavi map APP, and then set the starting and ending points on the page, and fill in the information such as shared/exclusive, departure time, number of people, etc., and call the vehicle along the way; Conversely, you can also choose to register as a rideshare driver and match the corresponding passengers with a shared trip before the start of the daily trip.
According to the news, Oaktree Capital acquired a subsidiary of B. Riley for $400 million
United States troubled broker-dealer and investment firm B. Riley Financial has agreed to sell its appraisal and valuation subsidiary, Great American, to Oaktree Capital for about $400 million, with the deal expected to close by the end of the year, according to people familiar with the matter. According to the source, B. Riley will receive approximately $203 million in cash, a preferred interest worth approximately $183 million in a new holding company of Great American, and a minority common interest in the holding company. (Sina Finance)
In the first half of next year, the Hong Kong Stock Exchange will discuss whether to switch to T+1 settlement for securities trading
According to reports, the Hong Kong Stock Exchange will publish a white paper in the first half of next year to discuss whether to implement T+1 settlement for securities transactions, in response to the market's demand for rapid capital inflows and outflows. HKEX's current stock and currency trades are settled two business days after the trade day, i.e. T+2. (Finance Associated Press)
"Lanjiang Technology" announced the completion of a round of financing of tens of millions of yuan
36Kr learned that Jiangsu Lanjiang Intelligent Technology Co., Ltd. announced that it has completed a round of financing of tens of millions of yuan. This round of financing is led by ELIX Capital, followed by Microlight Ventures, and Yibai Capital serves as the exclusive financial advisor, and the funds will be mainly used to further expand the global market layout of production capacity and products.
China Literature Group invested in Hitcard, a card company
36Kr exclusively learned that Hitcard, a card trend culture brand, has recently received a new round of financing, led by China Literature. After the completion of the equity change, China Literature is expected to own a 10% stake in Hitcard. According to sources, investing in Hitcard is part of the acceleration of the commercialization of the "China Literature Good Things" business.
"Aurora Starcom" completed hundreds of millions of yuan in A+ round of financing
36Kr learned that recently, "Aurora Starcom" announced the completion of hundreds of millions of yuan in A+ round of financing. This round of financing was jointly invested by Furong Capital, Changjiang Capital, Yarong Capital, Venture Dark Horse, Optics Valley Industrial Investment, Puhua Capital, Rongdao Capital, Huazhen Capital, and Yarui Capital, and Index Capital continued to serve as financial advisors. The funds will be mainly used for product research and development, manufacturing, equipment procurement and operating costs.
"Annaji" completed tens of millions of yuan in financing
36Kr learned that recently, "Annaji" completed tens of millions of yuan in Series A financing. This round of financing is exclusively invested by Innovation Factory, and the seed round is exclusively invested by Nanshan Capital. The company's current round of financing funds will be mainly used for the expansion of the R&D team, and comprehensively cover the custody services of the whole scene, the whole link and the whole process of charging.
At the Paris Motor Show, Leapmotor unveiled the all-new B Series and the B10, the first global model of the B Series
On October 14, Zhu Jiangming, founder, chairman and CEO of Leapmotor, unveiled the all-new B series and the first global model of the B series, the B10, at the Paris Motor Show. Zhu Jiangming said that the new B series of Leapmotor is an important part of Leapmotor's globalization strategy. According to reports, the series is based on the latest LEAP3.5 technical architecture of Leapmotor, using 8295 chip intelligent cockpit, 8650 intelligent driving chip + LiDAR high-end intelligent driving, and working with the Maserati team of Stellantis Group to carry out chassis tuning. The whole car is designed and developed according to leading European standards, aiming to fully meet the needs of young people around the world for intelligence, fashion, fun and quality.