4 mainland Chinese firms jump into cooling Hong Kong IPO market

Four Chinese companies launched initial public offerings (IPOs) in Hong Kong on Monday, aiming to raise as much as HK$14 billion (US$1.8 billion) in total, with strong backing from cornerstone investors countering apparent weakness in the market so far this month. Automated equipment manufacturer RoboTechnik has the biggest target, planning to raise as much as HK$5.18 billion. The new entrants are braving a market that shows signs of slowing. After a blistering year so far – Hong Kong listings…

Read the full article at the source →