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HK eyes blockbuster China tech IPO queue, led by Xiaomi
In the pipeline over the next two years are launches for companies with total market capitalisation of about US$500 billion
Add BT as a preferred sourcePublished Fri, Dec 29, 2017 · 09:50 PM
Hong Kong
BANKERS in Hong Kong are eyeing a slew of blockbuster IPOs from Chinese technology firms with a total market capitalisation of some US$500 billion over the next two years - a sharp contrast to 2017, the city's worst year for raising equity in a decade.
If bankers' expectations are met, it would set up Hong Kong for a showdown with New York, the traditional host for the world's hottest new-economy companies and Hong Kong's closest rival for the global IPO crown.
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