Shopping for gold? Next two HK IPOs cover popular themes
Intime Department Store seeks up to $300 million, while Australia-listed Sino Gold hopes to raise its valuation with a $125 million secondary listing closer to its operations in China.
Morgan Stanley yesterday kicked off the roadshow for two Hong Kong listings in sectors that have been among the most favoured in the past year û retail consumption and gold mining. And deeming from the early interest, both do look set to once again capture the imagination of investors.
Sino Gold in particular is coming to market at a good time, as the recent pickup in oil prices has led to a return of inflation concerns that has sent gold...
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