Bottom line: China Reading's IPO should be well received when it launches its road show as soon next week, and the shares should price and debut strongly on its good profit margins and growth prospects.
Another hot IPO with ties to one of China's leading Internet firms is nearing the starting line, with word that the highly anticipated listing for Tencent's (HKEx: 700) online literature unit is finally going to kick off shortly. ...
Bottom line: Best Inc.'s IPO is likely to price and debut weakly due to its loss-making status and concerns about China's economy, which could also weigh on an upcoming flurry of fintech offerings in Hong Kong and New York.
After waiting months for this year's first major New York IPO by a Chinese company, I was surprised to read the distinction looks set to go to a logistics firm backed by e-commerce giant Alibaba (NYSE: BABA). In this ca...