GC
Linekong presses on with $187m IPO in busy day for Hong Kong
Game developer Linekong Interactive Co is seeing traction for its $187m IPO on the Growth Enterprise Market (Gem) board after opening books on Monday and is having to share the limelight with two of Hong Kong’s biggest listings this year.
“We have visibility for most of the deal already,” said a banker on the listing. “The momentum would have been stronger if not for BAIC Motor and Dalian Wanda. But Linekong is a growth story in a different sector, targeting a different set of investors.”
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