HK IPOs: the introductions can wait
Copper miner Kazakhmys had been hoping to sell stock in Hong Kong, until it shelved its plan last week. But instead of taking a step back, the company has opted to list by way of introduction.
This is not a good plan B. Kazakhmys should wait until the market has recovered and hit all of its objectives in one attempt.
The mining company from Kazakhstan is one of several foreign firms hoping to tap Hong Kong equity investors. But last week it dumped
Please take a trial or subscribe to access this content.
Contact our subscriptions team to discuss your access: firstname.lastname@example.org
To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: email@example.com or find out more online here.