Hong Kong’s Dry Spell for IPOs Set to End With Big China Deals
- City capped slowest semester for new share sales since 2009
- Bankers cite growing pipeline of deals for the second half
This article is for subscribers only.
After a dismal first six months, things are finally looking up for initial public offerings in Hong Kong as several large Chinese firms line up to list in Asia’s financial hub in the second half.
Battery materials producer Tianqi Lithium Corp. just opened its books for what is set to be the city’s first billion-dollar deal this year while China Tourism Group Duty Free Corp. may relaunch an offering of around $2 billion.