Hong Kong ECM bankers bullish on block trades amid scepticism about new listing pipeline
Two Hong Kong companies have added their names to the list of those hoping to close IPOs, but bankers still have little confidence about how much business they will be able to generate from listings this quarter. Their hopes are firmly pinned, instead, on a spate of block trades, writes Matthew Thomas.
It came as little surprise to bankers in Asias ECM market that this week was almost entirely bereft of deals. Chinese New Year took many issuers and investors out of action and left some syndicate desks empty.
But now that the festival has officially come to an end,
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