Race to list: more Hong Kong IPOs on way

Datang Environment, FIT Hon Teng and Shanghai Dazhong look to raise over $1 billion from listings in November. For investors, they offer a change after a run of financial IPOs.

Activity in Hong Kong's equity capital markets is set to pick up steam in November, with three more companies this week entering the final stages of preparing to launch deals.

Datang Environment, FIT Hon Teng and Shanghai Dazhong Public Utilities kicked off pre-deal investor education for upcoming initial public offerings this week, joining the likes VPower and Zhou Hei Ya, both of which started the process last week.

They will vie for market attention as all three aim to list by the end of November. However, the ferocity of the contest will be tempered by the fact the five engage in far different industries.

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