Chinese video platform Bilibili has made confidential filings for a Hong Kong secondary listing to raise up to US$3 billion (HK$23.3 billion), IFR reported.
The company is said to be planning to launch an IPO in March and has Goldman Sachs, JP Morgan, Morgan Stanley and UBS arranging it.
Bilibili, backed by Tencent (0700) and Alibaba (9988), saw its net revenues rise 74 percent to 3.23 billion yuan (HK$3.86 billion) in the third quarter.
Also moving for action in Hong Kong, IFR reports, mainland online travel giant Trip.com wants a secondary listing to raise at least US$1 billion.
Trip.com had approached China International Capital Corp, JPMorgan and Morgan Stanley for its planned share sale in the SAR.
Co-founded in 1999 by Chinese businessman Liang Jianzhang, Trip.com went public on Nasdaq in 2003.
Meanwhile, Yidu Tech, a software company providing health care services, is pricing its Hong Kong IPO at HK$26.3 - the top end of the indicative price range, while mainland TV drama producer Strawbear Entertainment Group, priced its deal at HK$5.88 apiece, higher than the midpoint of the marketed price range.
And Cheshi Holdings, a mainland online automobile new media platform, aims to raise HK$251 million after pricing its IPO at HK$1.23 after its retail portion was 1,300 times oversubscribed.
