Rusal IPO attracts attention to Hong Kong

The decision by Russian resources firm United Company Rusal to list in Hong Kong earlier this year could herald a number of copycats in the next few years.

The first sign that United Company Rusal's pending listing in Hong Kong was more than just another commodities company looking to tap the markets came during the company's first press conference here in early January. The meeting room at Credit Suisse's offices in Central, which was admittedly not the largest venue that could have been chosen, was chock-ablock with reporters trying to push their way in to ask questions, without tripping over the masses of microphone cords on the floor or causing any of the dozens of TV cameras to fall over.

Of course, the majority of the questions were about Rusal's debt situation its access to expansion capital the legal troubles of its...

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