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Mobvoi, a Google-backed Chinese smartwatch and AI company, fell as much as 22% in its first day of trading, after raising $41M in its Hong Kong IPO
Filipe Pacheco / Bloomberg :
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Bloomberg
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Shanghai-based Hua Hong Semiconductor raises ~$2.96B in its Shanghai IPO, the Asia Pacific region's largest in 2023; the company is already listed in Hong Kong
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The shares of South Korean e-commerce giant Coupang are down 46% since its $4.6B US IPO one year ago
Filipe Pacheco / Bloomberg :
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China's investigation into Didi suggests Beijing is trying to chill investor sentiment towards US IPOs by Chinese companies, with 34 pending filings this year
Filipe Pacheco / Bloomberg :
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