bankers-project-another-busy-ecm-year

Bankers project another busy ECM year

Can 2007 match the volumes of 2006?
January 08, 2007
After a very busy December, AsiaÆs IPO market is poised to quieten down somewhat in the coming three months, but placements done through accelerated bookbuilding will continue to soak up investor dollars as secondary markets remain strong, bankers project.

In Hong Kong, where the Hang Seng Index set a record high on the first trading day of the year, the market has already seen a couple of block deals as institutional investors cashed in some of their gains in mobile operator Hutchison Telecommunications International and Chinese property developer Hopson Development last week.

Listed companies are also expected to continue to sell new equity to take advantage of high share prices and the strong liquidity in...
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