Hong Kong equity market powers ahead as investors rush for IPOs and follow-ons

08 Dec 2006

A remarkable period in the Hong Kong equity capital market continued this week as several large IPOs were priced, all at or near the top end of their price ranges.

Retail and institutional investors are clambering to buy stock in almost every deal, whether it is an IPO, new share issue or secondary share selldown, as the indices and optimism go from strength to strength.

China's Kingboard Laminates, the world's leading maker of components for circuit boards, raised HK$5.8bn ...

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