Losing steam? Hong Kong hit by run of lacklustre IPOs amid tepid investor demand

Hong Kong’s initial public offering (IPO) market has endured a tough few days, with all six listings launched this week priced at or near the bottom of their marketed ranges amid tepid institutional interest. Chinese memory product maker Hosin Electronics and Xiaomi-backed chipmaker Zhuhai Amicro Technology became the latest firms to debut on the city’s stock market on Thursday, joining Hong Kong’s busiest week for IPOs in months after a sluggish August-to-October stretch. Both firms trimmed…

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