Market Chatter: Hong Kong IPO Market Seen to Welcome Bigger Deals Following Midea's Blockbuster Offering

MT Newswires Live09-18

Hong Kong's initial public offering market may see even more big deals following the market debut of Midea Group (SHE:000333, HKG:0300) on Tuesday, the South China Morning Post reported the same day, citing Hong Kong Exchanges and Clearing (HKG:0388) Chief Executive Officer Bonnie Chan Yi-ting.

The city's IPO market is showing "a lot of very good signs" after the world's largest home appliance manufacturer raised about HK$31 billion in Hong Kong's largest IPO in more than three years, the report said.

Hong Kong may also welcome even bigger IPOs after officials in mainland China have been encouraging businesses up north to list in the city, the report said.

Midea's IPO placed Hong Kong in the top five IPO locations worldwide according to fundraising amount, the SCMP reported, citing Chan.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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