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
Zhengzhou Coal is a leading maker of mining and excavating equipment in China

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,...

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