HK IPOs: the introductions can wait

02 Jun 2011

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 ...

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