Sinoma braves jittery market with $538 million IPO
The company is expected to benefit from China's ongoing construction boom as well as planned consolidation within the cement industry.
The Hong Kong stock market has undoubtedly been getting tougher in recent weeks and more and more investors are putting up the shutters to avoid making an investment that could leave them with a loss-making position at the end of an otherwise strong year. But that isnÆt stopping the last batch of listing hopefuls from trying to complete their initial public offerings before Christmas.
And bankers are adamant that there is still enough demand and liquidity to see them across...
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