China Logistics launches IPO as DFZQ prices

Chinese corporate investors continue to prop up the Hong Kong IPO market as Orient Securities prices and China Logistics Property launches.
Chinese logistics has come a long way
Chinese logistics has come a long way

The Hong Kong initial public offering market has continued to stir back to life in the aftermath of the UK’s Brexit vote with the launch of a HK$2.6 billion to HK$3.4 billion $340 million to $433 million IPO for China Logistic Property Holdings CNLP.

The deal follows hard on the heels of the launch of a HK$1.35 billion to HK$1.7 billion IPO for property service provider Greentown on Tuesday and the pricing of a HK$7.79 billion flotation for Orient Securities DFZQ on Wednesday.

However, while the deal flow is back on track, a fully functioning IPO market is not, with...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222