According to foreign media,Netease has secretly applied for a secondary listing in Hong Kong, and has made preliminary communication with its consultants. It will issue shares as soon as the second half of this year.
According to people familiar with the matter, no final decision has been made on the size and schedule of the IPO of Netease Hong Kong.
Netease declined to comment.
Netease is currently listed on NASDAQ in the United States. At the time of closing, its stock price was $314.06, with a market value of about $43.8 billion, or about RMB 309 billion. Since this year, its stock price has risen by 7.5% in total, while the Nasdaq composite index fell by 2.9%.
In 2019, Alibaba group went public twice in Hong Kong, raising US $13 billion, and thenCtrip, Netease and other Chinese technology companies have discussed the second listing with the Hong Kong stock exchange.
Allegedly,Jingdong has also secretly submitted documents to apply for a secondary listing in Hong Kong.