Ozner and Dynagreen price HK IPOs

Hong Kong’s IPO market has picked up momentum this week after two environmental companies successfully floated their shares.

Ozner Water, one of China’s largest water purification suppliers, secured $147 million in its offering, while Dynagreen Environmental Protection Group, a Chinese waste-to-energy company, raised $133 million.

Ozner’s offering was significant as it was the first Hong Kong IPO to price its shares at the top of the range since Poly Culture, China’s largest auction house, raised $331 million in March, and may represent renewed optimism in Hong Kong after WH Group scrapped its highly anticipated IPO and a series of companies experienced poor aftermarket performance.

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