HK IPO business seen slipping slightly in 2015

Over 100 companies will seek to float their shares in Hong Kong in 2015 and raise HK$200 billion $25.8 billion in the process, global consultancy firm PwC predicted on Monday.

This is just under the amount raised in 2014, which came to HK$227.8 billion, but is still higher than 2013's total of HK$171.3 billion.

PwC forecast that 120 new companies will float shares in Hong Kong this year compared with 122 companies in 2015. It expects small- and medium-sized companies to make up the bulk of new business, with retail, consumer goods and financial services dominating for a second year in a...