Chinese IPO bull run falters as investors shun small deals
The Chinese IPO market, both in Hong Kong and the US, showed signs of having peaked — or at least, pausing for breath — this week, as investors shunned aluminium foil maker Xiashun Holdings’ flotation and several smallish IPOs priced low.
The Hong Kong half of the $5.5bn Hong Kong and Shanghai dual listing of China Railway Group garnered vast demand and was priced at the top end.
But that was not enough to disguise the cracks in the Hong Kong market for Chinese IPOs that showed when Xiashun Holdings
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