www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
Business / Markets

Deluge of tiny IPOs keeps HK equity market ticking

By Emma Dai (China Daily) Updated: 2014-07-16 07:09

Initial public offerings are picking up. But the world's second-largest venue for floats finds itself awash with small fund-raising plans, reports Emma Dai

It has been awhile since Hong Kong IPO market was this busy. Starting in mid-June, Champagne and roast suckling pigs were served almost every day in the Exchange Square in Central. Bankers, lawyers and board-room directors all toasted one another to fete the new issuances - often several at a time.

Yet among the celebrations could be heard the often-repeated question: "Why is the new stock trading at only one dollar?"

Deluge of tiny IPOs keeps HK equity market ticking
Shanghai-HK link set to boost arbitrage gains for investors

 
Deluge of tiny IPOs keeps HK equity market ticking
Second batch of IPO applications waiting approvals
Approaching the year's second half, Hong Kong's equity market experienced an explosive round of initial public offerings. Compared with the first five months, when only 23 new listings were posted on the main board, a total of 34 companies had debuted from June to Tuesday.

Simultaneously, another three companies are on the waiting list, boosting the number of offerings to 37 from June till now.

In comparison, May and April saw only three and two IPOs, respectively. In June last year, only five companies listed.

Yet to the surprise of seasoned investors in Hong Kong, the world's second-largest IPO destination by number of listings in 2013, the scale of floats is getting ever smaller. Of the 37 enterprises issuing shares, about 22 looked to raise less than HK$1 billion ($129 million). Only two companies, Tianhe Chemicals Group Ltd and Luye Pharma Group Ltd, sought more than HK$5 billion. Mega IPOs, such as WH Group's postponed HK$10 billion offering in April, may never emerge again.

As a result, the 34 newly listed companies in the June rush raised HK$42.61 billion in total, or HK$1.2 billion apiece on average.

Volatility is said to be the reason.

"Traditionally, April and May are a major window for IPOs," said DaiQiang, managing director of Asia investment banking and capital markets of Jefferies Hong Kong Ltd. "However, this year in the second quarter, market sentiment was not ideal for large-scale floats."

The Hang Seng Index, after peaking at 24,038.55 points in December, was on a roller-coaster ride in the first half, fluctuating between 21,200 and 23,200 points recently.

Previous Page 1 2 3 Next Page

Hot Topics

Editor's Picks
...
...
主站蜘蛛池模板: 亚洲精品美女在线观看 | 综合 欧美 国产 视频二区 | 一级毛片在线看 | 国产欧美综合一区二区 | 中文字幕乱码无线码在线 | 成人在线亚洲 | 亚洲小视频在线 | 亚洲综合视频网 | 久久国产一区二区 | 欧美极品欧美精品欧美视频 | 日韩v在线| 国产精品视频免费观看调教网 | 黄色美女免费看 | 欧美a级完整在线观看 | 黑人边吃奶边扎下面激情视频 | 在线观看的黄网 | 国产99久9在线视频 国产99久久 | 99久久免费国产香蕉麻豆 | 亚洲另类激情综合偷自拍图 | 91成人软件 | 日韩国产免费一区二区三区 | 一本色道久久88亚洲综合 | 香港一级特黄高清免费 | 狠狠色狠狠色综合久久第一次 | 欧美一级特毛片 | 久久夜色精品国产噜噜亚洲a | 久久久久久久网站 | 亚洲国产精品专区 | 韩国免费一级成人毛片 | 亚洲国产成人最新精品资源 | 国产不卡a| 亚洲成av人影片在线观看 | 欧美成a人片在线观看久 | www亚洲免费 | 在线免费看一级片 | 一级在线免费视频 | 成人黄网18免费观看的网站 | av在线亚洲男人的天堂 | 亚洲精品区一区二区三区四 | 久久99精品视免费看 | 成年人在线免费观看视频网站 |