phoenix

Phoenix Satellite failed to raise enthusiasm after its debut on Hong Kong''s second board last Friday, but the fact that it listed at all can be seen as a success.

It''s taken just two days on the road, promoting its IPO to investors, for Phoenix Satellite TV to lower its sights for the amount it expects to raise in its IPO.

Braving the choppy waters of a volatile market, Phoenix Satellite Television plans to raise up to HK$1 billion in an IPO on Hong Kong''s Growth Enterprise Market.