The South China Morning Post has reported that Hong Kong Airlines is planning an initial public offering (IPO) worth $500 million denominated in both the Chinese Yuan (USDCNY) and the Hong Kong Dollar (USDHKD).
So the Facebook (FB) IPO is now complete. Zuckerberg has collected his billions, the underwriters took their (discounted) selling commission, investors have taken a bath, and the class action suits are already being filed.
The transaction was a disappointment by any objective measure.
Rocket Internet, the German startup incubator, is looking to go public to raise around 750 million euros, about a billion US dollars. The IPO would value the Berlin-based company at around €5 billion.
Although the company did not disclose the percentage of shares it is willing to float, sources claim that Rocket will float only 10-15% of its total shares. Current shareholders of the company will not be selling their stake in the IPO, which will consist exclusively of new shares through a capital increase.