Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
  1. Homepage
  2. Equities
  3. Hong Kong
  4. Hong Kong Stock Exchange
  5. China Renaissance Holdings Limited
  6. News
  7. Summary
    1911   KYG212151016

CHINA RENAISSANCE HOLDINGS LIMITED

(1911)
  Report
SummaryChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

China's Didi adds banks to work on mega U.S. IPO, sources say

06/17/2021 | 08:53am EDT
FILE PHOTO: Didi headquarters in Beijing

(Corrects spelling of company name in paragraph 1)

By Scott Murdoch

HONG KONG (Reuters) - China's biggest ride-hailing company Didi Chuxing has appointed five more investment banks to work as book runners on its U.S initial public offering (IPO) worth up to $10 billion, sources with direct knowledge of the matter said.

Didi, whose IPO could be the largest by a Chinese firm in the United States in seven years, has given mandates to Bank of America , Barclays, China International Capital Corp (CICC) Citigroup and HSBC Holdings as book runners on the deal, the sources said.

Didi not respond to a request for comment from Reuters. Bank of America, Barclays, CICC, Citigroup and HSBC declined to comment on the appointment.

Reuters reported on Thursday that China's market regulator had begun an antitrust probe into Didi, three people with knowledge of the matter said.

The company said of that issue that it would not comment on "unsubstantiated speculation" from unnamed sources.

The syndicate expansion was first reported by IFR.

The bank have been appointed in junior roles, which means they will work alongside Goldman Sachs, Morgan Stanley and JPMorgan leading the deal, according to the firm's filings with the U.S. Securities and Exchange Commission (SEC).

China Renaissance is listed on the filing as a co-manager of the IPO.

Reuters previously reported Didi could raise up to $10 billion in an IPO that would value the firm at up to $100 billion. [nL1N2LM0V7.

At that size, it would be the largest IPO by a Chinese company in the United States since Alibaba raised $25 billion 2014.

(Reporting by Scott Murdoch in Hong Kong; Editing by Edmund Blair)


ę Reuters 2021
Stocks mentioned in the article
ChangeLast1st jan.
ALIBABA GROUP HOLDING LIMITED 1.53% 191.9 End-of-day quote.-17.50%
BANK OF AMERICA CORPORATION -1.04% 37.96 Delayed Quote.25.24%
BARCLAYS PLC 1.28% 178.28 Delayed Quote.19.92%
CHINA INTERNATIONAL CAPITAL CORPORATION LIMITED 4.36% 18.66 End-of-day quote.-11.14%
CHINA RENAISSANCE HOLDINGS LIMITED 2.73% 18.08 End-of-day quote.14.00%
CITIGROUP INC. 0.16% 67.73 Delayed Quote.9.84%
DIDI GLOBAL INC. 0.68% 10.38 Delayed Quote.0.00%
HSBC HOLDINGS PLC 0.83% 399.6 Delayed Quote.4.57%
JPMORGAN CHASE & CO. -0.40% 151.17 Delayed Quote.18.97%
MORGAN STANLEY 0.26% 96.23 Delayed Quote.40.06%
THE GOLDMAN SACHS GROUP, INC. 0.88% 378.19 Delayed Quote.43.41%
All news about CHINA RENAISSANCE HOLDINGS LIMITED
08/02FULL TRUCK ALLIANCE : China Renaissance Starts Full Truck Alliance at Buy with $..
MT
07/29CHINA RENAISSANCE : Forecasts 194% Profit Jump in H1; Shares Rally Over 11%
MT
07/28CHINA RENAISSANCE : Announces Positive Profit Update
PR
07/28Shanghai shares edge lower, yuan firm as state media urges calm
RE
07/28China health stocks slammed as investors fear regulators' diagnosis
RE
07/28China Renaissance Holdings Limited Provides Earnings Guidance for the Six Mon..
CI
07/26NEW ORIENTAL EDUCATION & TECHNOLOGY : Chinese tutoring firms could spin-off unit..
RE
07/26KANZHUN : China Renaissance Initiates Kanzhun at Buy Rating, $43.90 Price Target
MT
07/22MISSFRESH : China Renaissance Starts Missfresh at Buy With $17.59 Price Target
MT
07/13SECTOR UPDATE : Technology Stocks Holding Gains in Weak Tape Tuesday
MT
More news
Financials (USD)
Sales 2021 310 M - -
Net income 2021 191 M - -
Net Debt 2021 - - -
P/E ratio 2021 6,36x
Yield 2021 3,40%
Capitalization 1 277 M 1 277 M -
Capi. / Sales 2021 4,12x
Capi. / Sales 2022 2,82x
Nbr of Employees 653
Free-Float 36,9%
Chart CHINA RENAISSANCE HOLDINGS LIMITED
Duration : Period :
China Renaissance Holdings Limited Technical Analysis Chart | 1911 | KYG212151016 | MarketScreener
Technical analysis trends CHINA RENAISSANCE HOLDINGS LIMITED
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Last Close Price 2,33 $
Average target price 3,88 $
Spread / Average Target 66,9%
EPS Revisions
Managers and Directors
Fan Bao Chairman & Chief Executive Officer
Lin Cong President
Xin Wei Wang Co-Chief Financial Officer
Qiang Cui Co-Chief Financial Officer
Ye Ren Xu Chief Technology Officer & Managing Director