Hong Kong IPO market heats up with Sinopec unit, Galaxy Securities deals

A unit of Sinopec and brokerage China Galaxy Securities are launching Hong Kong initial public offerings on Monday seeking to raise up to HK$27 billion in total, injecting life into Asia’s moribund IPO markets where deal values more than halved in the first quarter of the year.

The massive initial public offerings have been eagerly anticipated in Hong Kong and their success could trigger a wave of other deals, ranging from hotel operators to banks looking to sell new shares in coming months.

via Business feed http://www.scmp.com/business/companies/article/1230652/hong-kong-ipo-market-heats-sinopec-unit-galaxy-securities-deals