IPOs & Markets

China unveils reform measures for tech-focused STAR Market

CSRC will support "hard tech" companies to list on the board.

IPOs & Markets

China tightens IPO rules for STAR Market hopefuls

CSRC seeks to improve the quality of listed companies amid a stock market rout.

Venture Capital

Tencent, Guoxin co-lead $97m Series E round in Chinese biopharma Evopoint

Evopoint said it has collected over $278m in total financing since its inception.

IPOs & Markets

At $34b, China’s STAR market was the world’s top bourse by IPO proceeds in 2022

IPOs on Shenzhen’s startup board ChiNext raised $26b last year, the second highest globally.

Analysis

PSX’s GEM Board sees slow start as low investor base and depth of market hit prospects

The STAR Market-style GEM Board was set up in Pak in 2021 but has seen only three listings so far.

Deals

China’s STAR Market IPOs raise $102b in first 3 years — 40% of local A-share listings

Companies that listed on China’s domestic stock market topped 5,000, up more than 30% from the end of 2019.

IPOs & Markets

Xiaomi-backed Chinese EV battery maker SVOLT files for $2.1b STAR Market IPO

In 2021, SVOLT completed three rounds including 6 billion yuan ($838m) in its Series B+ round.

IPOs & Markets

China to launch market-making on tech-focused STAR Market on Monday

The move is expected to cut investors' trading costs, and improve pricing efficiency.

Analysis

Deal count soars in Q3, but fundraising falls YoY in Greater China

Deals worth at least $15.1b were sealed in Q3 — down 34.7% from the same period last year.

Analysis

Valuation reset likely as STAR Market emerges as top global IPO venue

STAR Market is seen to sustain its momentum in Q4 and 2023 with a strong IPO pipeline.