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An interesting rumour to share...
A technology listing targeted on SGX, rather than on Nasdaq, or even HKEx? No wonder i saw the WeChat TV advert recently... 
Tencent plans Singapore IPO for WeChat spinoff
Chinese technology giant Tencent Holdings is planning to list its popular messaging app Weixin, or WeChat, as a spinoff company in Singapore, the official China Daily reported on Tuesday, citing an unnamed source.
The source told the paper that Hong Kong-listed Tencent had opened an office in Singapore to deal with the listing, which it had originally planned to hold in Hong Kong. The report did not give a timeframe or other details for the listing.
“We have no idea where this market rumour originates from and will not comment on it,” Tencent spokeswoman Jane Yip told Reuters.
China’s largest online gaming and social networking firm, led by Chief Executive and Chairman Pony Ma, is set to announce its second-quarter earnings on Wednesday.
Tencent, which competes with Alibaba Group and Baidu Inc, has invested heavily in the popular messaging app as it and other Chinese Internet companies try to broaden their revenue streams.
http://www.theedgesingapore.com/the-dail...noff-.html
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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wechat is a very good and popular app, good for guys to know many girls ^^
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Tencent denies report of Singapore IPO for WeChat spin-off
Reuters
2 hours ago
http://news.yahoo.com/tencent-plans-sing...22992.html [Article]
The share price performance of Tencent Holdings over the past 10 years is simply breath-taking !
Disclaimer: Please feel free to correct any error in my post. I am not liable for anything. Do your own research and analysis. I do NOT give buy or sell calls and stock tips. Buy and sell at your risk. I am not a qualified financial adviser so I do not give any advice. The postings reflects my own personal thoughts which may or may not be accurate.
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(13-08-2013, 04:04 PM)Nick Wrote: Tencent denies report of Singapore IPO for WeChat spin-off
Reuters
2 hours ago
http://news.yahoo.com/tencent-plans-sing...22992.html [Article]
The share price performance of Tencent Holdings over the past 10 years is simply breath-taking !
Yes, the share price appreciated 400% since 2009, base on yahoo finance. If dated back to 10 years, it is 9000%...
FYI, Tencent also owned QQ, a chatting apps as popular as mobile phone in China, if not more popular.
There was international version available outside China, in English since 2010. I am using it too. The tool is very up-to-date, and easy to use.
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡
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wow super bagger, never knew it was this successful!
SG needs such epic software compaines!!!
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(13-08-2013, 05:49 PM)felixleong Wrote: wow super bagger, never knew it was this successful!
SG needs such epic software compaines!!!
Raffles Education
Jan 1 2002, Closing Price = $0.0541 Adjusted.
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13-08-2013, 06:47 PM
(This post was last modified: 13-08-2013, 06:48 PM by Some-one.)
(13-08-2013, 04:57 PM)CityFarmer Wrote: (13-08-2013, 04:04 PM)Nick Wrote: Tencent denies report of Singapore IPO for WeChat spin-off
Reuters
2 hours ago
http://news.yahoo.com/tencent-plans-sing...22992.html [Article]
The share price performance of Tencent Holdings over the past 10 years is simply breath-taking !
Yes, the share price appreciated 400% since 2009, base on yahoo finance. If dated back to 10 years, it is 9000%...
FYI, Tencent also owned QQ, a chatting apps as popular as mobile phone in China, if not more popular.
There was international version available outside China, in English since 2010. I am using it too. The tool is very up-to-date, and easy to use.
If it does IPO here, I would definitely subscribe. The world is moving towards mobile technology and there are huge opportunities for mobile apps. This would be an extremely hot IPO if it does list here. I am using wechat as well and I do like it a lot. Never use whatsapp...
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13-08-2013, 10:30 PM
(This post was last modified: 13-08-2013, 10:32 PM by sgd.)
(13-08-2013, 06:47 PM)Some-one Wrote: If it does IPO here, I would definitely subscribe. The world is moving towards mobile technology and there are huge opportunities for mobile apps. This would be an extremely hot IPO if it does list here. I am using wechat as well and I do like it a lot. Never use whatsapp...
I see writing mobile apps to be low barrier of entry business, there are courses in polytechnic today teaching people how to write mobile apps. I've even seen commercial sites that have tools to help just about any newbie write apps for iphones and smart phones. There are so many thousands of apps out there, out of these thousands maybe a handful can become a hit wonders for a while look at where angry birds are today.
I see things like messanging normally will do well. Whatsapp is so popular today but if people need to pay for it will anybody still want to use it or move on to the next best free thing? That's the thing with online users today, they are so spoilt silly they expect good things to be either free, dirt cheap or opensourced. With this kind of expection how then will anybody hope to get rich from selling mobile apps?
So is it any surprise companies try to get their money back by doing IPO to unload to investors?
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(13-08-2013, 10:30 PM)sgd Wrote: (13-08-2013, 06:47 PM)Some-one Wrote: If it does IPO here, I would definitely subscribe. The world is moving towards mobile technology and there are huge opportunities for mobile apps. This would be an extremely hot IPO if it does list here. I am using wechat as well and I do like it a lot. Never use whatsapp...
I see writing mobile apps to be low barrier of entry business, there are courses in polytechnic today teaching people how to write mobile apps. I've even seen commercial sites that have tools to help just about any newbie write apps for iphones and smart phones. There are so many thousands of apps out there, out of these thousands maybe a handful can become a hit wonders for a while look at where angry birds are today.
I see things like messanging normally will do well. Whatsapp is so popular today but if people need to pay for it will anybody still want to use it or move on to the next best free thing? That's the thing with online users today, they are so spoilt silly they expect good things to be either free, dirt cheap or opensourced. With this kind of expection how then will anybody hope to get rich from selling mobile apps?
So is it any surprise companies try to get their money back by doing IPO to unload to investors?
I beg to differ on your point. I am a computer engineer myself. I know that it is easy to write a mobile apps but the main point is how many users are using the app and how user-friendly it is. If there are apps with only 10,000 users compare to one with a few million users, which one is easier to get advertising revenue? Also, who is the backer for the Wechat app as compare to one written by another novice? What is the targeted market for the apps?
I am not sure if you have download Wechat to try it yourself. Yes, it is free now. I have seen a lot of new features been put into it and I certainly do see the potential in it. In any case, Tencent has denied the rumours so there's nothing to talk about now.
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http://www.youngchinabiz.com/en/ipos-wec...c-eyes-hk/
IPOS: WECHAT IN SINGAPORE, CICC EYES HK
IPO Tuesday: WeChat, CICC and 500wan.com
I’m calling today “IPO Tuesday” because there are quite a few interesting news bits involving Chinese listing plans, led by an unexpected report that Internet giant Tencent (HKEx: 700) is eying Singapore for a listing for its popular WeChat mobile messaging service. That same report cites a source saying that Tencent itself eventually aims to complement its existing Hong Kong listing with a dual listing in New York — another unexpected twist for one of China’s most dynamic Internet companies. Meantime, China’s largest investment bank CICC is also making headlines with word of a listing plan, as Internet company 500wan.com moves ahead with its own New York IPO.
It’s hard to find a common theme in all this news, as the listings cover a wide range of markets and timelines. While Tencent and 500wan.com are both eying New York, WeChat is aiming for Singapore and CICC is most likely to list in either Hong Kong, China or both. What’s more, the WeChat plan looks very preliminary and probably wouldn’t happen until late 2014 at earliest. The 500wan.com plan looks set to happen this year, while the CICC plan looks likely in the next year. One of the few common threads is perhaps that premier Chinese names remain attractive IPO candidates, even when they’re money-losing companies like WeChat.
On that note, let’s start with a look at Tencent and WeChat, whose 2 listing plans came as a big surprise to me. Tencent later denied the report, though I suspect that at least some elements of it are true. Both plans were disclosed in a China Daily report citing an unnamed knowledgeable source. The actual fact that WeChat would want to list doesn’t come as a huge surprise, as rumors of a listing plan for the similarly popular Sina (Nasdaq: SINA) Weibo emerged just a year or so after the Twitter-like service exploded in popularity back around 2010.
What does come as a bigger surprise is WeChat’s choice of Singapore for a listing, as the Singapore stock exchange isn’t host to many major Chinese companies and has a much lower profile than New York or Hong Kong. But the unnamed executive explains that Singapore was chosen because Hong Kong would be too complicated, since Tencent’s primary listing is already there. He adds that WeChat is focusing strongly on Southeast Asia as part of its global expansion, which makes Singapore a more natural choice for the listing. And in another big surprise, at least for me, the source also discloses that Tencent would ultimately like to make a second listing for the parent company on the Nasdaq, though that doesn’t look likely anytime too soon.
From Tencent, let’s move quickly to CICC, the former joint venture investment bank with Morgan Stanley (NYSE: MS) and the most active Chinese player outside its home market. The reports say CICC CEO Levin Zhu has commissioned a study to look at the possibility of an IPO, with Hong Kong and Shanghai as the most likely hosts. (English article; Chinese article) It’s clear from the reports that any such listing is still a ways off, though if things move quickly perhaps we could see something within a year. I would expect such a deal to be quite large, seeking to raise $1 billion or more.
Lastly let’s take a look at 500wan.com, a lottery website operator that I wrote about 2 weeks ago after media reported it wants to raise up to $150 million through a New York listing by year end. (previous post) The main update is news that 500wan.com has chosen Deutsche Bank and Stifel to underwrite the deal, indicating that the plan is moving forward. (Chinese article) Look for that one to come to market as soon as October, becoming only the second major Chinese listing in the US this year after a successful offering by e-commerce firm LightInTheBox (NYSE: LITB) in June.
Bottom line: Tencent’s plan to list WeChat in Singapore is a year or more away, while CICC’s plan for a Hong Kong or China listing could happen within a year.
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