Sina invested $5m as online financing platform Pintec, which also counts Xiaomi as an investor, went public in a $44.3m initial public offering.

The Brazilian payment and commerce services provider floated above its range and raised an extra $100m from Ant Financial through a private placement.

Bertelsmann Asia Investments owns almost 10% of the Chinese automotive marketplace, which has filed to raise up to $150m in a US offering.

Cloudflare, which has raised more than $180m from investors including Microsoft, Baidu, Qualcomm Ventures and GV, could command a $3.5bn valuation in the offering.

Payment technology provider StoneCo will raise about $1.1bn if it floats at the top of its range, while Ant Financial is investing $100m through a private placement.

The online travel agency is reportedly seeking $1bn from an initial public offering in Hong Kong that would provide exits to Tencent, Ctrip and Dalian Wanda.

Orphan disease drug developer PhaseBio Pharmaceuticals, which is commercialising research from Duke University, cut the price of its shares sharply pre-offering.

Orphan disease drug developer PhaseBio Pharmaceuticals, which counts Johnson & Johnson, Astellas and AstraZeneca as investors, cut the price of its shares sharply pre-offering.

The endpoint security software producer has hired Goldman Sachs for an initial public offering that would enable Alphabet, Rackspace and Telstra to exit.

The Relx-backed data miner could double its valuation to $41bn in the proposed offering, according to prospective underwriters.