More international companies look to Hong Kong for a listing

Started by the likes of Rusal, IRC and L'Occitane last year, this trend is expected to gather pace in 2011 as suggested by the upcoming IPOs of Prada and Glencore.

Hong Kong has been quiet in terms of new listings so far this year. Six companies have completed initial public offerings, but together they have raised only $247 million and the largest deal was only about $90 million. But bankers say they are confident that 2011 will be another blockbuster year for Hong Kong in terms of equity volumes overall and stress that IPO pipelines are looking very similar to those a year ago.

One theme that began last year and is expected to gather pace this year is the listing of international companies in Hong Kong. And while this is perhaps not the trend that will make 2011 another record year for new listings,...

¬ Haymarket Media Limited. All rights reserved.

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