After Sinopec comes the deluge as issuers seize bullish moment

The listings of two large state-owned enterprises have captured sizeable demand from fund managers, breaking the gloom of Hong Kong's long-suffering IPO markets.

China Galaxy Securities (the mainland's sixth-biggest brokerage firm) and Sinopec Engineering (a spin-off from Sinopec) are preparing to raise a combined US$3.6 billion through Hong Kong listings.

Sinopec was opened to public investors on May 10, while Galaxy's public offer started on May 9.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1236176/after-sinopec-comes-deluge-issuers-seize-bullish