Consumer retailers to test IPO market

Philippine supermarket operator Puregold Price Club is aiming to raise at least $177 million, while tea seller Tenfu and restaurant chain Xiao Nan Guo are in the market with slightly smaller deal sizes.

A modest rebound in Asian markets yesterday, when Hong Kong was closed for the mid-autumn festival, and a slightly better tone in European and US markets overnight don’t change the fact that equity markets continue to look weak and vulnerable.

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