Investors say 'ok go' to Hong Kong IPOs

Poor secondary markets are not helping a throng of IPOs coming to the city, with AAG Energy, Red Star Macalline, Legend Holdings and Vital Mobile already in book building.
A commercial for China's Red Star Macalline by US rock band and You Tube music video sensation Ok Go
A commercial for China's Red Star Macalline by US rock band and You Tube music video sensation Ok Go
June 17, 2015

Signs of a rout in Chinese equities are providing an extremely poor backdrop for the large number of Hong Kong initial public offerings currently in the market, with investors consequently pushing for pricing towards the bottom end of indicative ranges.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Related Articles

HK IPO pricing immune to A-share jitters

The IPOs of Legend Holdings and Red Star Macalline last week defied plummeting A-shares to price at the top, as books opened for Universal Medical's HK float.
June 21, 2015