Prospects bleak despite June flurry of Hong Kong IPOs

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By Rev Hui
12 Jun 2014

The Hong Kong IPO market is heating up fast, with more than 10 companies on track to raise around $3bn by the end of the month. If all goes well, this could be the busiest June since 2011, although market observers do not expect the listing spree to continue to the end of the year, writes Rev Hui.

Hong Kong is readying itself for at least three more IPOs this week, with Dynagreen Environmental Protection Group, Hanhua Financial and Tianhe Chemicals Group all looking to price deals on Friday (see table). They will aim to join water purifier Ozner Water International Holdings, which raised HK$1.13bn ($247m) ...

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