HONG KONG (Reuters) – Chinese tech group Netease Inc aims to raise between $2 and $3 billion in one of the largest equity deals so far this year when it launches a secondary listing in Hong Kong on Monday, said three people familiar with the transaction.
The offering from the Chinese online gaming company is expected to be one of several large secondary listings in the city this year, as rising tension between the United States and China have led Washington to question whether Chinese companies should be able to list in New York.
Netease will start the institutional book build on Monday and the retail offering will run until the end of the week, the sources told Reuters. They asked not to be named as the information has not been made public.
Netease declined to comment on the listing process.
In its filings to the Hong Kong Stock Exchange, Netease said one potential risk for investors was proposed U.S. legislation that could force some Chinese companies to delist if their auditor…
Source Reuters Tech News
Source link
