sunac-could-become-10th-developer-to-list-in-hk-in-three-months

Sunac could become 10th developer to list in HK in three months

The flow of Chinese IPOs continues unabated as Tianjin-based Sunac starts pre-marketing two days after another Chinese property company, Kaisa Group, launches its IPO roadshow.

With the celebration of Thanksgiving yesterday, 2009 is now officially moving into its last stretch, but the steady stream of Chinese initial public offerings is showing no signs of letting up. Since the beginning of September, Hong Kong alone has seen 25 IPOs of $100 million or more worth a combined $19.3 billion, but according to bankers, another seven or eight companies may still squeeze in a deal before investors shut their books for the year.

On Monday Longyuan Power and property developer Kaisa Group started bookbuilding for their respective Hong Kong IPOs, which are seeking to raise a combined 2.8 billion, while Trony Solar kicked off the roadshow for a US IPO...

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