Four firms set to begin roadshows

At least four companies kicked off their pre-marketing campaigns yesterday to raise a combined US$1.3 billion through initial public offerings in Hong Kong, banking on rising investor confidence on the back of the US economic recovery.

NW Hotel Investments, a spin-off of New World Development, is looking to raise about US$700 million.

Its offering follows the hotel spin-off of Great Eagle's Langham Hospitality Investments last month.

via Business feed http://www.scmp.com/business/money/markets-investing/article/1258105/four-firms-set-begin-roadshows