HK IPOs continue at breakneck pace

Hong Kong’s IPO market continues at a breakneck pace, with a number of issuers launching IPOs on June 22 amid volatile markets.

Harmonicare Medical Holdings, a private obstetrics and gynaecology hospital group in China, is looking to raise up to HK$1.6 billion $202 million in its flotation.

Futures firm Luzheng Futures Company meanwhile is seeking just over HK$1 billion pre-greenshoe in its IPO, while Golden Throat Holdings, a lozenges manufacturer, began pre-marketing ahead of its own Hong Kong listing.

The IPOs come amid severe turbulence in A-share markets. Last week the Shanghai Stock Exchange Composite Index fell nearly 12%....