Lenovo’s parent plans $2B IPO in Hong Kong

The parent company of Lenovo Group – Legend Holdings — has been given approval by Hong Kong’s stock exchange for an IPO valued at an estimated $2 billion, Reuters reported. Legend will kick off a roadshow later in the month …

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Telecom Italia announces IPO for 40% of tower subsidiary

Telecom Italia (TI) has officially announced its intention to sell up to 40 per cent of its wireless tower unit through an IPO in Milan. TI’s fully owned subsidiary, Infrastrutture Wireless Italiane (INWIT), has been rumoured to be up for …

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Asia Briefs: LINE’s revenue doubles, MobiFone IPO set for mid-2016 & more

In a regular series, Mobile World Live‘s Asia Editor Joseph Waring provides a regional roundup of news snippets: LINE’s revenue doubles Japan’s messaging application provider LINE said its total revenue more than doubled last year to JPY86.3 billion ($731 million) …

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Micromax considering public offering to raise funds — report

Indian smartphone maker Micromax Informatics is reportedly considering an IPO to raise as much as $500 million. Sources told The Economics Times that the company is planning to raise the money by listing a minority stake on stock market from …

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Alibaba set for record IPO and international expansion

The Chinese e-commerce giant is to commence its investor roadshow in the USA this week, ahead of one of the most highly anticipated Initial Public Offerings in the history of the New York Stock Exchange.