Autohome Inc. (ATHM)
| Previous close | 94.08 |
| Open | 94.56 |
| Bid | 0.00 x 800 |
| Ask | 0.00 x 800 |
| Day's range | 93.26 - 95.15 |
| 52-week range | 72.38 - 147.67 |
| Volume | 513,596 |
| Avg. volume | 877,450 |
| Market cap | 11.717B |
| Beta (5Y monthly) | 0.53 |
| PE ratio (TTM) | 21.62 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 0.87 (0.92%) |
| Ex-dividend date | 24 Feb 2021 |
| 1y target est | N/A |
- Bloomberg
Trip.com Seeks Up to $1.4 Billion Hong Kong Second Listing
(Bloomberg) -- Online travel platform Trip.com Group Ltd. is seeking to raise as much as HK$10.5 billion ($1.4 billion) in a Hong Kong second listing, adding to the growing cohort of U.S.-traded Chinese companies selling shares in the Asian financial hub.Nasdaq-listed Trip.com is offering 31.6 million shares, according to a statement Wednesday. It has set a maximum price of HK$333 for the portion of the deal reserved for Hong Kong retail investors. That price translates into more than a 6% premium to the company’s closing price in New York on Tuesday, prior to the announcement.Trip.com’s American depositary shares closed 3.4% lower on Wednesday, giving the firm a market value of $23.3 billion.The company plans to price the offering April 13 Hong Kong time, the statement shows. One of Trip.com’s ADS is equivalent to one ordinary share.Trip.com is the fourth U.S.-listed Chinese firm to seek a trading foothold in Hong Kong this year. Search giant Baidu Inc., video streaming service Bilibili Inc. and car sales website Autohome Inc. raised a combined $6.4 billion in the first quarter, according to data compiled by Bloomberg.The companies have been flocking to Hong Kong as a way to hedge against the risk of being kicked off U.S. exchanges as a result of rising Sino-U.S. tensions, as well as to bring in more Asia-based investors. Last year, such second listings raised $17 billion.Still, Trip.com’s share sale in the city comes as tech shares globally are losing their shine. Investors are rotating out of richly valued growth stocks into ones that are expected to benefit from a recovery of the global economy.Baidu has dropped 12% from its listing price in Hong Kong, while Bilibili’s second-listing shares have risen 8.2% after a lackluster debut which saw them close below their offer price.Trip.com, which owns travel search website Skyscanner, reported revenue of 18.3 billion yuan ($2.8 billion) last year, a 49% drop year-on-year due to the coronavirus pandemic, according to its prospectus. It lost 3.27 billion yuan in 2020 after making a profit of almost 7 billion yuan in 2019. While a recovery in international travel has been slow as the pandemic eases, travel within China has rebounded thanks to its relative success in containing Covid-19.The company plans to use the proceeds from the listing to fund the expansion of its travel offerings, improve user experience and invest in technology.JPMorgan Chase & Co., China International Capital Corp. and Goldman Sachs Group Inc. are joint sponsors for Trip.com’s listing. HSBC Holdings Plc and CMB International Capital Ltd. are also helping lead the deal as joint global coordinators, according to a regulatory filing Wednesday.ICBC International Securities Ltd., BOC International Holdings Ltd., CCB International Holdings Ltd., ABC International Holdings Ltd., DBS Group Holdings Ltd., Mizuho Financial Group Inc., Haitong International Securities Group Ltd. and Nomura Holdings Inc. are joint bookrunners, the filing shows.(Updates with ADS closing price in third paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- Bloomberg
Baidu Raises $3.1 Billion From Second Listing in Hong Kong
(Bloomberg) -- Chinese search engine Baidu Inc. raised HK$23.9 billion ($3.1 billion) in its Hong Kong share sale, sealing the latest in a string of blockbuster equity offerings in the financial hub.The company priced its sale of 95 million shares at HK$252 each, according to a filing Wednesday. That represents a nearly 3% discount to Baidu’s Tuesday closing price in New York of $266.78.One of Baidu’s American depositary shares is equal to eight of the ordinary shares being listed in Hong Kong.Nasdaq-listed Baidu follows online car-sales website Autohome Inc. in seeking a trading foothold in Hong Kong, after a wave of such share sales in 2020 which saw some $17 billion raised. Other companies looking at selling shares in the city include Tencent Music Entertainment Group and video site Bilibili Inc.At $3.1 billion, Baidu’s listing is the biggest such homecoming of a U.S.-traded Chinese company in Hong Kong since NetEase Inc.’s June 2020 offering, which raised HK$24.3 billion. A growing cohort of Chinese firms have been seeking to expand their investor bases closer to home amid deteriorating relations between the world’s two biggest economies.The trend has boosted the listing volumes for Hong Kong’s bourse, which now has a growing contingent of technology firms trading in the city. Globally, initial public offerings are on track for a record first quarter, thanks to a U.S.-led boom in blank-check companies, even as volatility has increased in markets following concerns about rising inflation.Once one of China’s tech leaders, Baidu is now playing catch-up as the country’s internet users increasingly shift from desktop to mobile. In recent years the company has spent billions of dollars in areas such as language learning and autonomous driving, betting on smart devices and vehicles of the future.Bank of America Corp., CLSA Ltd. and Goldman Sachs Group Inc. are joint sponsors of the offering, while China International Capital Corp., UBS Group AG and CCB International Holdings Ltd. are joint global coordinators. Baidu’s shares are due to start trading in Hong Kong on March 23, according to Wednesday’s statement.For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
- Bloomberg
Bilibili Wins Nod for $3 Billion Hong Kong Second Listing
(Bloomberg) -- Chinese video streaming platform Bilibili Inc. has received the green light from the Hong Kong stock exchange for its proposed second listing, people familiar with the matter said.The U.S.-listed technology firm could raise about $3 billion from the share sale, the people said, asking not to be identified as the information is private.Details of the offering are not final and could change, the people said. A representative for Bilibili didn’t immediately respond to requests for comment.The approval was previously reported by IFR, which said the share sale could launch as soon as next week.Bilibili would join a rapidly expanding group of Chinese companies seeking a trading foothold in Hong Kong, pressured by tensions between China and the U.S. and beckoned by the Asian financial center’s increasingly hot market for new listings.Prospective entrants include online car-sales website Autohome Inc. and search giant Baidu Inc. after a wave of such share sales in 2020 which saw some $17 billion raised. Tencent Music Entertainment Group. is also looking at selling shares in the city.Bilibili, whose backers include Tencent Holdings Ltd., Alibaba Group Holding Ltd. and Sony Corp., started in 2009 as a website serving up Japanese animation to eager young viewers in China. It has broadened its offering to become a platform incorporating anime as well as comics and mobile videogames, generating revenue from advertising, live-streaming and premium memberships.Companies like Bilibili benefited in 2020 from consumers trapped in their homes by the coronavirus pandemic. The entertainment platform had 202 million average monthly active users in the fourth quarter of 2020, a 55% increase over the same period in 2019. Mobile device users accounted for over 90% of monthly active users in 2020, Bilibili’s latest annual report shows.Read More: Chinese Video Site Serves Teens Anime With Side of NationalismBilibili’s 2018 initial public offering in New York raised $483 million and made chief executive officer Chen Rui a billionaire, according to the Bloomberg Billionaires Index. Its American depositary shares have risen more than ninefold from their original offer price of $11.50, closing at $110.44 each on Thursday and giving the firm a market value of $39 billion.In the last quarter of 2020, the company posted a net loss of 827.8 million yuan ($127.6 million), widening from 382.8 million yuan in the same period a year earlier. Meanwhile its sales jumped 91% to 3.8 billion yuan.Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley and UBS Group AG are leading the deal.(Updates with mobile device figures in eighth paragraph. A previous version of this article corrected the year the website was started in the seventh paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2021 Bloomberg L.P.
