zhongsheng-tests-hong-kong-ipo-market-with-1-billion-share-sale

Zhongsheng tests Hong Kong IPO market with $1 billion share sale

IPOs are expected to continue despite the bumpy markets, but analysts say listing candidates will need to either reduce their target sizes or offer discounted prices.

Lillian Liu

February 23, 2010

Zhongsheng Group Holdings, a leading car retailer in China, started its pre-marketing of a Hong Kong initial public offering (IPO) yesterday. This is after the country's food supplement maker Ruinian International offered a glimmer of hope for Hong Kong's IPO market when its stock price rose on its trading debut.

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