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Alibaba-backed Best seeks last-mile logistics growth after IPO -CEO

China's Best Inc (BSTI), flush with $450 million from a U.S. initial public offering, is broadening its scope in so-called last-mile logistics in China as a key strand of its growth strategy, its chief executive told Reuters.
[ Fidelity at 2017-09-21 01:45:38 ]


Alibaba-backed Best jumps in debut after slashing IPO price

Shares of Best Inc (BSTI), a Chinese logistics firm backed by Alibaba Group Holding Ltd (BABA), jumped in their market debut on Wednesday, a day after the company slashed its expected pricing range to stoke investor interest. Best's shares rose as much as 17.4 percent to a high of $11.74 in early trading, giving the company a market capitalization of about $4.33 billion.
[ Fidelity at 2017-09-20 07:25:07 ]


Alibaba-backed Best Inc jumps in debut

Shares of Best Inc (BSTI), a Chinese logistics firm backed by Alibaba Group Holding Ltd (BABA), rose 15 percent in market debut on Wednesday, a day after the company slashed its expected price range to stoke investor demand. Shares rose as much as 17.4 percent to a high of $11.71 in early trading, giving the company a market capitalization of about $4.30 billion.
[ Fidelity at 2017-09-20 06:55:26 ]


Alibaba-backed Best Inc raises $450 million in IPO after slashing terms

Chinese logistics firm Best Inc priced its U.S. initial public offering at the bottom of expectations, raising $450 million after it revised terms of the deal to cope with tepid investor demand.
[ Fidelity at 2017-09-19 20:03:21 ]


Alibaba-backed Best Inc raises $450 mln in IPO after slashing terms

* Best prices 45 mln ADSs at $10 each - IFR. * Company had expected to raise up to $932 mln originally. * Biggest U.S. IPO by Chinese firm since ZTO October listing. Chinese logistics firm Best Inc priced its U.S. initial public offering at the bottom of expectations, raising $450 million after it revised terms of the deal to cope with tepid investor demand.
[ Fidelity at 2017-09-19 20:01:20 ]


Alibaba-backed Best raises $450 mln after pricing US IPO at bottom-IFR

Chinese logistics firm Best Inc priced its U.S. initial public offering at $10 per share, raising $450 million, IFR reported on Wednesday, citing people familiar with the deal. The company, backed by Alibaba Group (BABA), priced the 45 million American depositary shares at the bottom of a revised range of $10 to $11 each, added IFR, a Thomson Reuters publication.
[ Fidelity at 2017-09-19 19:10:49 ]


Pirelli IPO: Are Expensive Tires Worth It?

Car tires can be surprisingly glamorous. But investors may be better off waiting before buying into Italian tire-maker Pirelli. The Milanese manufacturer is due to relist its shares early next month, less than two years after Chinese state-owned chemical group ChemChina took it private for EUR7.1 billion.
[ Fidelity at 2017-09-19 08:08:55 ]


Alibaba-backed Best Inc cuts expected price range for U.S. IPO

Alibaba Group-backed Chinese logistics firm Best Inc on Tuesday slashed the expected price range of its U.S. initial public offering, one day before its market debut, suggesting tepid investor enthusiasm. Best expects its offering of 45 million American depository shares to be priced at $10 to $11 per ADS, it said in a filing with U.S. securities regulators.
[ Fidelity at 2017-09-19 07:42:45 ]


Alibaba-backed logistics firm Best slashes proposed US IPO-IFR

Best Inc, a Chinese logistics company backed by Alibaba Group (BABA), slashed its proposed U.S. initial public offering after receiving tepid response from investors to its initial valuation, IFR reported on Tuesday, citing people close to the deal.
[ Fidelity at 2017-09-18 21:59:31 ]


Chinese micro-lender Qudian files for U.S. initial public offering

Qudian Inc. has filed for its U.S. initial public offering Monday, according to Securities and Exchange Commission documents. The documents say the micro-lending company will list stock on the New York Stock Exchange via American Depository Shares under the symbol "QD." The Chinese company offers small loans that average between $134 and $184 and is targeting young, mobile-active customers who desire access to credit for discretionary spending, much of which is tied to...
[ Fidelity at 2017-09-18 16:17:29 ]


China-based Qudian Inc files for IPO

China-based online credit provider Qudian Inc said on Monday it has filed for an initial public offering of up to $750 million of class A ordinary shares represented by American Depository Shares, according to an SEC filing. The shares will trade on the New York Stock Exchange under the symbol "QD", according to the regulatory filing.
[ Fidelity at 2017-09-18 15:30:21 ]


Alibaba-backed online insurer plans IPO that could set its value at $10 billion

ZhongAn Online, founded by billionaire Jack Ma, sold a record 13,000 policies per second at' Black Friday' type event. HONG KONG--China's first online-only insurer said Sunday it plans to raise up to $1.5 billion in an initial public offering that could value the company at around $10 billion, tapping into rising investor interest in the region's financial-technology sector. ZhongAn Online Property& Casualty Insurance Ltd., a Shanghai-based company co-founded in 2013 by...
[ Fidelity at 2017-09-18 09:19:25 ]


ZhongAn to offer life insurance after Hong Kong IPO worth up to $1.5 bln

* IPO to open on Monday, final pricing on Thursday. * Indicative pricing range of HK$53.70 to HK$59.70/share. By Elzio Barreto. China's ZhongAn Online Property and Casualty Insurance Co Ltd, the nation's first internet-only insurer, said it plans to add life insurance and other healthcare products to its range of policies after going public in Hong Kong.
[ Fidelity at 2017-09-17 19:27:48 ]


Online Insurer ZhongAn Plans IPO That Could Set Its Value at $10 Billion

China’s first online-only insurer said it plans to raise up to $1.5 billion in an initial public offering that could value the company at around $10 billion.
[ WSJ.com at 2017-09-17 08:22:18 ]


SoftBank's Vision Fund considers $500 million investment in ZhongAn IPO: IFR

SoftBank Vision Fund, the world's largest private equity fund, is considering a $500 million investment in the Hong Kong initial public offering of ZhongAn Online Property and Casualty Insurance Co Ltd, China's first internet-only insurer, IFR reported on Thursday, citing people close to the deal.
[ Fidelity at 2017-09-13 23:40:57 ]


Chinese logistics firm Best, backed by Alibaba, launches $930 mln U.S. IPO

* Shares offered in range of $13-$15 apiece. * IPO pricing set for Sept 19, debut set for following day. By Elzio Barreto. Best Inc, a Chinese logistics company backed by Alibaba Group (BABA), is launching a U.S. IPO that is seeking about $930 million to fund an expansion of its supply chain network, develop new technology and open more convenience stores.
[ Fidelity at 2017-09-07 01:52:21 ]


Chinese logistics firm Best, backed by Alibaba, launches $932 million U.S. IPO

Best Inc, a Chinese logistics company backed by Alibaba Group (BABA) , is launching a U.S. IPO that is seeking as much as $932 million to fund an expansion of its logistics and supply chain network, develop new technology and open more convenience stores.
[ Fidelity at 2017-09-06 22:28:12 ]


Chinese logistics firm Best, backed by Alibaba, launches $932 mln U.S. IPO

Best Inc, a Chinese logistics company backed by Alibaba Group (BABA), has launched an up to $932 million initial public offering, seeking funds to expand its logistics and supply chain network, develop new technology and open more of its convenience stores.
[ Fidelity at 2017-09-06 19:57:26 ]


Goldman suspends work on U.S. IPO of HNA's Pactera unit - sources

Goldman Sachs(GS) has suspended work on a planned U.S. IPO for Chinese conglomerate HNA Group's IT outsourcing unit Pactera, four people with familiar with the matter told Reuters. The Wall Street bank has shelved work on the planned listing for now as the deal failed to meet the bank's internal due diligence requirements, termed as know-your-customer checks, one of the people said.
[ Fidelity at 2017-09-06 02:19:44 ]


Guotai Junan Published First Semi-Annual Report after Its H-Share IPO: Significant Growth Achieved in Institutional Finance and International Business

SHANGHAI, Aug. 31, 2017 /PRNewswire/ -- On August 25, Guotai Junan Securities CO., Ltd. released the first semi-annual report after its IPO at Hongkong Stock Exchange. According to the report, in the first half of 2017, the operating income of Guotai Junan (Group) reached RMB 11.104 billion, ranking
[ PR Newswire at 2017-08-31 01:41:00 ]


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