Chinese tech duo slash IPOs in choppy markets

By Jonathan Breen
15 Nov 2018

Hong Kong IPO hopefuls Babytree Group and Tongcheng-Elong Holdings announced deals drastically smaller than their initial targets this week. But despite the clear sign of trouble in the market, a few more Chinese companies are considering pushing ahead with their own listings before the end of the month. Jonathan Breen reports.

Tongcheng-Elong, an online travel agent, kicked off bookbuilding for a HK$1.8bn ($230m) IPO on Tuesday, while parenting company Babytree opened the books for its own deal on 

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