Hong Kong SAR

Bohai Bank wrapped up a billion-dollar-plus Hong Kong IPO this week. The issuer, one of China’s last remaining joint-stock commercial banks to go public, rode the tail end of a hot period for the city’s IPO market. Jonathan Breen reports.

When I was a banker, you only signed a non-disclosure agreement if you had serious interest in joining a deal. Not anymore.

Property managers Zhenro Services Group and Greentown Management, along with developer Ganglong China, all priced IPOs this week, albeit with different responses from the market.

China Bohai Bank is set to price its Hong Kong IPO around the bottom of the marketed range on Thursday to net HK$13.7bn ($1.77bn), according to a source close to the deal.

China Merchants Securities is planning to tap the Mainland and Hong Kong markets for a pair of rights issues that will raise a combined Rmb14.99bn ($2.13bn).

Chinese property manager Times Neighborhood Holdings raised HK$786.9m ($101.5m) on Monday from an accelerated share placement.

Online mobile game developer Archosaur Games is set to price its HK$2.17bn ($280.5m) Hong Kong IPO at the top of guidance, said a source close to the deal.

Zhenro Services Group, a Chinese property manager, has pulled off a HK$1.14bn ($146.8m) IPO, pricing the deal close to the top of the marketed range, according to a source close to the trade.

Cigarette packaging producer Amvig Holdings has made a rapid comeback to the loan market for a HK$1.35bn ($174m) borrowing.

Mainland-based firms OcuMension Therapeutics and Immunotech Biopharm sealed their Hong Kong IPOs at the top of guidance, riding on support from both institutional and retail investors.

Cathay Media and Education Group is set to wrap up bookbuilding for its Hong Kong IPO two days early, on the back of strong demand from institutional investors, according to a source close to the deal.

China’s leading detergent maker Blue Moon Group Holdings is planning to float in Hong Kong for around $1bn, according to a source close to the deal.