Lots of IPO action is going on this year, with several new listings getting off the ground. Read
for a preview: China tech unicorns going public.
China has fast-tracked approval of an IPO of by
Apple iPhone maker
Foxconn. The Shanghai public listing of a business unit of the Taiwan company drew criticism for jumping the queue of Chinese companies seeking a listing. Foxconn's regulatory approval came in 36 days versus an average of nearly two years. China is favoring strategically important industries but the approval was hit for conflict of interest charges.
Chinese video streaming app
is planning a $300 million IPO in Hong Kong after failing with an attempt for a back-door A share listing. Inke was initially funded by
Another Chinese live video streaming startup,
Sequoia Capital and
is aiming to go public in Hong Kong, sometime this year. The latest fund raising for Kuaishou valued the company at $18 billion.
Chinese smartphone maker
is reportedly weighing a dual listing in Hong Kong and New York and gearing up for a $50 billion plus IPO valuation. The Xiaomi IPO could be a home run for such early backers as
Qiming Venture Capital
and Jack Ma's
Dropbox, heading toward a $648 million IPO Nasdaq, saw IPO pricing on Monday that put Dropbox valuation at about one-third its peak in 2014 when Blackrock bought into the company. Dropbox's valuation cut suggests decreases for other companies that similarly raised a lot of money at high valuations but remain unprofitable.
Chalk one up for
Huang Bao Che Trip, a Beijing-based online service to book chauffeur and tourist guide service, for raising $50 million from
Sequoia Capital China,
Matrix Partners and others.
Chinese biotech firm
JW Therapeutics pulled in $90 million from Singapore's
Sequoia Capital China to further its work on cancer therapies.
has pumped $632 million in Chinese online games streaming platform
. Tencent followed up quickly by also leading a $461 million funding round in rival platform
You really gotta love the creative, far-out logos of these Chinese startups!