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IPO News | The Securities Regulatory Commission issued feedback on the listing of Hong Kong stocks to Qiniu Intelligence to explain issues such as the control structure of the agreement
On September 1, the China Securities Regulatory Commission announced the requirements for supplementary materials for overseas issuance and listing registration (August 25, 2023 to August 31, 2023). The International Department of the Securities Regulatory Commission issued supplementary material requirements for a total of 7 companies. Among them, Qiniu Intelligence was required to provide additional explanations on matters such as the agreement control structure and shareholder information holding 5% or more of the shares, and requested lawyers to conduct inspections and issue clear legal opinions. According to reports, the Hong Kong Stock Exchange revealed on June 29 that Qiniu Intelligent Technology Co., Ltd. submitted a listing application to the main board of the Hong Kong Stock Exchange, and that Shen Wan Hongyuan Hong Kong and BOB International are its joint sponsors.
Qiniuyun abandoned the US IPO in Hong Kong, lost more than 300 million dollars in three years, and relied on the top five suppliers
It is expected to be profitable in 2025
IPO outlook | Qiniuyun abandons US to Hong Kong: is the second growth curve clear?
After going public in the US to no avail, Qiniuyun turned back into the “arms” of the Hong Kong Stock Exchange. The Zhitong Finance App learned that Qiniuyun submitted a prospectus to the US SEC on April 30, 2021, applying for listing on the NASDAQ, but it ultimately came to an end with the US SEC agreeing to withdraw the F-1 registration documents and all revisions. Recently, Qiniuyun went public hoping to switch to the Hong Kong Stock Exchange. According to the Hong Kong Stock Exchange's disclosure on June 29, Qiniu Intelligent Technology Co., Ltd. (hereinafter referred to as “Qiniuyun”) submitted a listing application to the main board of the Hong Kong Stock Exchange. Shen Wan Hongyuan Hong Kong and BOC International are its co-sponsors. According to the prospectus,
Cloud computing competition is becoming increasingly fierce, and Qiniuyun wants to go public and raise capital to expand market share
“Investor Network” Ding Wanping On June 29, Qiniu Intelligent Technology Co., Ltd. (hereinafter referred to as “Qiniuyun”) submitted a prospectus to the Hong Kong Stock Exchange to be listed on the Hong Kong Main Board. Shen Wan Hongyuan Hong Kong and BOC International are co-sponsors. It is worth mentioning that this is not the first time the company is seeking to go public. In 2021, Qiniuyun submitted a prospectus to the SEC and plans to go public in the US. However, in September 2022, the company withdrew its application to go public in the US and moved to Hong Kong stocks. According to the data, Qiniuyun's income has fluctuated over the past three years, and “the more you lose, the more you lose.” According to the official website information behind the transition to H shares, Qiniuyun was founded in 2011,
[IPO] Qiniu Intelligent Technology submits listing application to Hong Kong Stock Exchange
According to the Hong Kong Stock Exchange's disclosure on June 29, Qiniu Intelligent Technology submitted a listing application to the Hong Kong Stock Exchange. The co-sponsors are Shen Wan Hongyuan, Hong Kong, and CBI International. According to iResearch, based on revenue in 2022, the company is the third largest audio and video PaaS service provider in China, second only to the audio and video PaaS business of the two largest Internet companies in China, with a market share of 5.7%. According to iResearch, based on revenue from APaaS in 2022, the company is also the second largest audio and video APaaS service provider in China, second only to the audio and video APaaS business, which is one of the largest Internet companies in China, with a market share of 1
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