YIN News

Even as the 2016 IPO market lags the prior year by deal count (34 IPOs; -53%), proceeds ($5.5B raised; -58%) and filings (49 submissions; -54%), US IPO activity of China-based companies has kept pace with 2015. Including Thursday's China Online Education (51Talk; COE), the three Chinese companies listing in the US have raised more proceeds...read more

Three dividend-producing companies raised $639 million this past week, tying the prior week as the year's most active by deal count. Yet all three IPOs ended their first days down or flat, bringing the number of first-day flops up to 12 of 16 (75%). An active IPO market hinges on investors' comfort with taking on the risk of a new issue. Las Vegas casino operator...read more

Yintech Investment Holdings, which operates an online brokerage for spot trading precious metals in China, raised $101 million by offering 7.5 million ADSs at $13.50, the midpoint of the range of $12.50 to $14.50. Yintech Investment Holdings plans to list on the Nasdaq under the symbol YIN. Jefferies acted as a lead manager on the deal....read more

The IPO market is starting to pick up steam with 13 deals raising $2.3 billion year-to-date. Most importantly, the last four were non-biotechs with a healthy average return of 12%. Three more deals are slated to...read more