IPOs & Markets
The stock opened at HK$87.55 versus a listing price of HK$77.70.
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Blackstone's Q1 profit gets a boost from investment gains, new assets
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CapitaLand wins $1.9b mandate to manage Income Insurance's real estate portfolio
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ADB commits $417m to funds, private firms in 2025 in equity push
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Norway wealth fund reports $68b loss, negative returns in Q1 as tech stocks fall
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EQT explores takeover of Japanese price comparison website Kakaku.com: report
More Stories
EQT draws on exit record to drive $15.6b Asia fundraise in tough market
Temasek’s Azalea plans evergreen private equity fund
Stockbit, Ajaib log strong earnings in 2025 but volatility clouds outlook
Alpha JWC in the market to raise fifth fund; looks to sharpen global, late-stage focus
Portfolio management emerges as key differentiator in Asia’s PE market: StepStone
Private Equity
It is raising $7b for an Asia-focused PE fund and at least $1b for a growth strategy.
The selldown comes as CATL’s HK-listed shares have nearly tripled from since listing in May 2025.
Deals
Bitfire will buy the investment team and trading systems of Avenir Group for $1.6m.
The company is offering 5.9 million Hong Kong shares.
Analysis
Navigating a household requires a much more sophisticated AI “brain”.
The strong debut adds to signs that investor appetite for large Hong Kong listings.
The fund will acquire two of ESR’s assets in Shanghai and Suzhou.
Policy & Regulations
The move builds on the SFC’s tokenisation scheme introduced in November 2023.
Hong Kong will roll out cyber resilience testing to boost banks’ response and recovery.
