With six companies set to announce pricing for their Hong Kong initial public offerings over the next few days, this will be an important week for setting the course of the IPO market for the remainder of 2009. If the demand is sufficient enough for the deals to price high, it is likely to boost confidence among other issuers waiting in the wings and kick-off another wave of listings. However, should they price too high, it could trigger another round of weak trading debuts.
Anecdotal evidence suggests that investor appetite for IPOs has returned over the past week or so after a few weeks of poor aftermarket performance. Adding to the optimism, the Hang...
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