Another Monday, another batch of listing candidates hits the road. While investors are still waiting for the first Hong Kong initial public offering this side of summer to start trading, the number of companies in the market continues to grow. Yesterday saw another four companies start bookbuilding with the aim of raising a combined $2.9 billion, which brings the total amount of funds sought by the nine companies currently on the road for a Hong Kong listing to $6.2 billion -- well above the $3.6 billion that was raised in the Hong Kong market in the first eight months of the year.
Since then, pharmaceutical products distributor Sinopharm has raised $1.13 billion and engineering and...
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