SITC prices largest HK IPO since Agricultural Bank

China-based SITC International Holdings has raised HK$3.12 billion $400 million from the largest initial public offering in Hong Kong since Agricultural Bank of China’s record-breaking dual-listing in July. But the deal is by no means coming in isolation. Since the beginning of September, seven smaller IPOs have already priced in Hong Kong and currently in the market are another nine offerings ranging from $200 million to $680 million. Add to that AIA Group’s second attempt at a Hong Kong listing, which is expected to raise about $15 billion and is kicking off pre-marketing today following the aborted trade sale earlier this year, and a long list of ongoing and upcoming deals in the...