Chinese companies jump into thriving quarter-end HK IPO market

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By Jonathan Breen
30 Jun 2020

China’s Archosaur Games set in motion its HK$2.17bn ($280.5m) IPO on Tuesday, joined by Cathay Media and Education Group and poultry producer Shandong Fengxiang.

Archosaur, an online mobile game developer, is backed by internet company Tencent Holdings. It plans to launch eight new mobile games by 2022 and hopes to fund a further expansion of its game portfolio with the proceeds from its IPO.

The issuer has already drawn strong demand, with ...

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