The IPOs keep coming…

Phoenix Healthcare is set for a good debut after attracting $5 billion of demand and Qinhuangdao Port is fully covered after three days, while Dongpeng is forced to cut the price and China Everbright hopes to be third time lucky.

Although China Cinda Asset Management stole most of the headlines when it launched its Hong Kong initial public offering on Monday this week, there are a lot of other deals in the works right now both in Hong Kong and elsewhere in the region.

Sure, they are not all the size of Cinda’s offering, which at $2 billion to $2.45 billion looks set to become the largest new listing in Hong Kong this year. And several of the IPOs involving Chinese issuers are close to fully covered by cornerstones or anchor investors even before they officially open their order books to ensure they will be successful amid the...

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