With less than six weeks to go before the Christmas holidays kick in, Hong Kong is experiencing a wave of initial public offerings as issuers are rushing to get their deals to market before the end of the year.
It is a familiar pattern and the recent pickup in the deal flow is no real surprise, but with the Hong Kong IPO volume being so thin in the first eight months this year it does seem particularly busy right now.
Companies that are planning a full marketing schedule with two weeks of investor education and close to two weeks of institutional bookbuilding will have to start the...