Summer sizzlers: Xiaomi and China Tower heat up ECM

Two mega IPOs set to raise more money this July than China’s onshore/offshore total so far this year combined.

Summer is normally blockbuster season for the global movie industry and in Hong Kong, it will also be the case for initial public offerings, with both Xiaomi and China Tower preparing to clear their deals in July before investors head off for their annual vacation. 

Given both offerings have been flagged around the $10 billion mark, it means that just these two deals alone should beat the $19.44 billion in total IPO proceeds that Chinese issuers have raised onshore and offshore during first five months of the year according to Dealogic figures.

It is shaping up to be a busy summer, with bankers and fund managers...

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