Chinese Firms Show Confidence in HK IPO Market

Showing confidence in the market for initial public offerings in Hong Kong despite volatility, several Chinese firms have started roadshows to raise more than half a billion dollars from investors, says a Dow Jones Newswires story published by the Wall Street Journal.

 

Citing term sheets, Dow Jones says China Liansu Group Holdings Ltd. seeks to raise up to  $336.6 million, and World Wide Touch Technology (Holdings) Ltd. looks to raise up to $189 million. The two companies join Xinjiang Goldwind Science & Technology Co., which began its roadshow last week for an offering of up to $1.2 billion.

 

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