Zoomlion seeks $2.1 billion from Hong Kong IPO

The Changsha-based construction machinery manufacturer could overtake Rongsheng as the third largest IPO in Hong Kong this year.

With just three more weeks until the Christmas break, share issuers targeting billions of dollars continue to come to the Hong Kong market to compete for the attention of investors who have started to show wariness of new transactions.

One of the big issuers is Changsha Zoomlion Heavy Industry Science and Technology, which is looking to raise between HK$12.1 billion and HK$16.5 billion $1.57 billion to $2.1 billion from an initial public offering.

The targeted size suggests Zoomlion, which is already listed in Shenzhen, has the chance to overtake shipbuilder China Rongsheng Heavy Industries as the third largest IPO in Hong Kong this year. Rongsheng raised $1.8 billion after pricing its...

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