China Logistics launches IPO as DFZQ prices

The Hong Kong initial public offering market has continued to stir back to life in the aftermath of the UK’s Brexit vote with the launch of a HK$2.6 billion to HK$3.4 billion $340 million to $433 million IPO for China Logistic Property Holdings CNLP.

The deal follows hard on the heels of the launch of a HK$1.35 billion to HK$1.7 billion IPO for property service provider Greentown on Tuesday and the pricing of a HK$7.79 billion flotation for Orient Securities DFZQ on Wednesday.

However, while the deal flow is back on track, a fully functioning IPO market is not, with...