Another three companies launch Hong Kong IPOs

China Polymetallic Mining aims to raise up to $163 million, while confectionary maker China Lifestyle eyes $96 million and BMW dealer Baoxin Auto targets as much as $527 million.

The host of companies that have launched IPOs in Hong Kong in recent weeks with the aim of tapping the market before year-end was joined yesterday by Chow Tai Fook Jewellery see story published on our website yesterday and another three issuers that are seeking to raise a combined $786 million.

China Polymetallic Mining, a Chinese lead, zinc and silver miner, launched an institutional roadshow for an IPO of between HK$1.11 billion and HK$1.27 billion $143 million to $163 million, according to a term sheet seen by FinanceAsia. The company had been expected to raise between $150 million and $250 million.

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