Initial public offerings from Hong Kong have begun to pick up speed again following the completion of a string of jumbo offerings over the past month.
Investors receptivity towards deals from China Huarong Asset Management and China Reinsurance shows that demand is reviving after the summer rout, although much of it has come from Chinese cornerstone investors and the deals have generally not performed well in the secondary market with the exception of CICC’s flotation, which has risen 9.1% from its IPO price.
However, at least six IPO candidates have decided to brave the markets before year-end, with four companies embarking on pre-marketing this...
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