HK IPO definition

HK IPO means, in relation to an entity, the first underwritten public offering of equity securities of such entity, pursuant to which Shares become listed on the HKSE, the net proceeds of which are at least the Hong Kong Dollar equivalent of U.S.$100 million and the price of which is based on a U.S.$500 million or greater (pre-IPO) equity valuation of the Company.
View Source

Examples of HK IPO in a sentence

  • After the IPO or HK IPO, subject to applicable Law and listing requirements of any applicable stock exchange or automated securities quotation system, Netcom shall have the right to repurchase at the IPO Price any Shares purchased by the Other Shareholders from Netcom pursuant to this Section 8.04 and not sold in the IPO or HK IPO.

  • At all times prior to any sale of such Shares in an IPO or a HK IPO the Other Shareholders shall exercise all rights in relation to such Shares as directed by Netcom (if permissible under applicable law and listing requirements), and the Other Shareholders shall not incur any Encumbrance on such Shares.

  • Payment for such Shares to Netcom shall be made at the closing of such IPO or HK IPO upon receipt by the Other Shareholders of proceeds of the sale of such Shares in the IPO or HK IPO.

  • CNCHK's obligation to provide any CNC Guarantee shall terminate upon the closing of an IPO or HK IPO of the Company; provided, however, that any CNC Guarantee outstanding at the closing of an IPO or HK IPO shall continue until the credit facility underlying such CNC Guarantee expires or terminates according to its terms.

  • If applicable law or listing requirements require that the purchase occur prior to the closing date to facilitate an IPO or a HK IPO, and if it is permissible under applicable law and listing requirements, the Shares may be placed in escrow pursuant to an escrow agreement reasonably acceptable to the Company.

  • Such Other Shareholders shall purchase such Shares at a price per Share equal to the proceeds per Share received (or to be received) by the Company in the IPO or HK IPO, net of underwriting discounts or commissions (but in no event net of offering expenses or extraordinary fees or payments to the underwriters actually paid by the Company) (the "IPO Price").

  • The Board determination regarding conducting an IPO or HK IPO will be made in a manner consistent with its fiduciary duties to the Company and the shareholders as a whole.

  • If the Shares are transferred prior to closing as contemplated above, and the closing of the IPO or HK IPO is not consummated within thirty (30) days of the scheduled date thereof, all right, title and interest in the Shares shall be immediately transferred back to Netcom.