Shanghai Prime Machinery and Dalian Port price IPOs at top end

Overwhelming demand for latest H share IPOs, which are both plays on China's rapid economic growth.
Strong liquidity in the Hong Kong market, and enthusiasm for China plays has enabled two H share IPOs to successfully price at the top end of their pricing range.

Shanghai Prime Machinery SPM has raised HK$1.26 billion $163 million from the sale of 44.6% of its enlarged share capital at HK$2.10 per share, while Dalian Port tapped investors for HK$2.16 billion $279 million by selling 30% of the company at HK$2.575. Both deals saw maximum clawbacks, which meant retail investors ended up with half the offers.

While the two companies operate in entirely different sectors, the attraction for investors was similar in that they are essentially both a play on...
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