hong kong ipo

Despite making losses at home, China's securities firms are seeking international expansion.

Sany Heavy Industry has seen off competition from rival issuer XCMG for its $3.3 billion IPO, while shoemaker Hongguo raises $147 million after pricing its shares at the bottom end.

Sany Heavy Industry and XCMG Construction Machinery are braving difficult market conditions to go head-to-head with competing Hong Kong IPOs.

China Flooring prices $142 million IPO at the bottom of its indicated range as investors take an opportunity to buy into China's consumer sector.

If successful, China Flooring will become the first home-improvement player to list in Hong Kong.

Citic Securities' debut in Hong Kong is likely to be one of the city's most high-profile IPOs.

The retail portion of Goodbaby's $190 million IPO is nearly 1,460 times covered, suggesting IPOs are still hot. However, two market newcomers fell in their debut yesterday.

The Shenzhen-based department store operator sells 625 million shares at HK$2.20, the mid-point of the indicated range.

Demand from institutional investors is strong on the first day of bookbuilding as the Chinese maker of children's strollers offers its shares at a significant discount to domestic peer Boshiwa.