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By Jonathan Breen 11 Mar 2021 Secondary listings in Hong Kong got a fresh boost this week with online car marketplace Autohome pricing its deal and internet giant Baidu getting ready to roll out its transaction. More homecomings by US-listed Chinese companies are in the pipeline, but the number of viable candidates is shrinking, writes Jonathan Breen. Ping An Group-backed Autohome wrapped up its Hong Kong listing on Tuesday, raising HK$5.34bn ($688.1m). The company already has American depository shares (ADS) trading on the New York Stock Exchange.Baidu, meanwhile, uploaded its post-hearing i...

Chinese internet company Baidu has filed updated offer documents for its Hong Kong secondary listing, the final step before it launches its potential multi-billion-dollar deal.

US-listed Autohome, an online car marketplace, has wrapped up its HK$5.34bn ($687.8m) secondary offering in Hong Kong, pricing the deal even as its US stock dived amid a market rout.

By Jonathan Breen 03 Mar 2021 Online car marketplace Autohome has launched the roadshow for a secondary listing in Hong Kong. The float of new and existing stock could raise up to HK$7.6bn ($983.2m). The Chinese company, which already trades on the New York Stock Exchange, is floating 30.3m ordinary shares on the HKEX. The firm’s largest shareholder is Yun Chen — a Cayman Islands-based special purpose vehicle and subsidiary of Ping An Group — which is selling 10.1m shares in the ... Already a subscriber? Login

Hong Kong is exploring the possibility of getting in on the craze around special purpose acquisition companies (Spac), which has begun to gain ground in Asia this year.