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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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