sinoma-braves-jittery-market-with-538-million-ipo

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.

Anette Jönsson

December 03, 2007

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 the finishing line û as long as the valuations are reasonable, that is.

Among those lining up is the worldÆs largest cement equipment and engineering service provider, China National Materials Company, also known as Sinoma....

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