After Alibaba's second listing in Hong Kong in November 2019, the rumor that zhonggai shares will go back to Hong Kong has never been broken. The latest developments are Baidu, Ctrip and Jingdong. On April 29, it was said,Baidu and Ctrip are making rapid progress in the secondary listing process in Hong Kong, and will formally deliver their forms to the Hong Kong Stock Exchange in the near future.In addition, according to the report of IFR, a subsidiary of Reuters, which is aided by Hong Kong media, Jingdong has submitted an application for listing in Hong Kong in a confidential form and intends to go public again.
Reporter: Wu Yuxin, Chen Yuxi, Yao Xiaolan
According to Hong Kong letter, JD may sell up to about 5% of its shares, which is expected to be listed as early as June. Based on the market value of JD's listing on NASDAQ of US $67 billion, the capital raising scale of JD in Hong Kong may reach US $3.4 billion, with Bank of America, CITIC Lyon and UBS as the main arrangers.
Baidu, Ctrip, and Jingdong all responded to the comments: no comment.
For the rumor that JD, Baidu and Ctrip went to Hong Kong for secondary listing, the Hong Kong Stock Exchange gave the surging news that "we never comment on individual stocks. The Hong Kong Stock Exchange welcomes all companies complying with the listing rules to come to Hong Kong for listing. "
In January this year, baidu was announced that it intended to go to Hong Kong for a second listing and conducted an internal evaluation, but Baidu has not responded to the relevant news.
In August 2005, baidu was successfully listed on Nasdaq, with an offering price of 27 US dollars and an opening price of 66 US dollars.
JD was listed on NASDAQ in May 2014, Ctrip was listed earlier in the US, and it landed on NASDAQ in December 2003.
At the beginning of this year, PricewaterhouseCoopers released a report that the IPO market in Hong Kong will continue to be active in 2020, and more new economy enterprises will choose to go public in Hong Kong due to the change of listing rules. It is estimated that the total amount of capital raised in the whole year will reach HK $230-260 billion. Hong Kong will continue to consolidate its position as the region's leading IPO Funding Center. Due to Alibaba's return, many Chinese stocks are also waiting for the opportunity of listing in both places, which is expected to bring more IPO projects to Hong Kong market.