Two Chinese companies test Hong Kong IPO appetite after summer lull

Zhengzhou Coal Mining Machinery and Fosun Pharmaceutical — both already listed in Shanghai — seek to raise a combined $1 billion through their offerings.

Two Chinese companies test Hong Kong IPO appetite after summer lull

Bankers started pre-marketing yesterday for Zhengzhou Coal Mining Machinery, which is aiming to raise about $400 million to $500 million from its initial public offering in Hong Kong, a source said.

Separately, Fosun Pharmaceutical is expected to start pre-marketing sometime next week for its IPO of about $500 million to $600 million, according to other sources.

The two companies aim to list their shares in Hong Kong next month and, if successful,...

To continue reading, please login or register for free

Click for more on: ipo | coal | mining | machinery | pharmaceutical | cicc | citic | deutsche bank | jp morgan | ubs

Print Edition

FinanceAsia Print Edition

CONFERENCES

  • 2nd Compliance Summit Southeast Asia

    17 August 2017  |  Singapore
    The 2017 Compliance Summit Southeast Asia will take an in-depth look at the key compliance considerations today with a focus on regulation and new ...