Chinese tech quartet ready to defy volatility with IPOs

China stock market random 150 x 230
By Jonathan Breen
25 Oct 2018

Global equity markets were slammed this week, with a rout on Wednesday wiping out all the gains this year in the US. Amid the turmoil, a handful of technology firms were awaiting approvals to list in Hong Kong — some are expected to take a cautious approach but most are gearing up for a last-minute dash to find a closing IPO window. Jonathan Breen reports.

Babytree Group, Mobvista, Tongcheng-Elong Holdings and Wanka Online were each meeting with the Hong Kong Stock Exchange’s listing committee for approvals on Thursday. But judging by the market’s recent performance, their timing couldn’t have been worse.

Hong Kong’s Hang Seng Index opened at 26,153.15 this week and ...

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