China Galaxy Securities made its initial public offering on the Stock Exchange of Hong Kong on 22 May, raising about HK$8.3 billion (US$1.07 billion) in what a lead lawyer on the deal described as a positive response from investors.
“The market is rebounding, the general sentiment by the retail investors as well as institutional investors toward IPOs has improved recently,” Tim Wang, a Beijing-based partner at Clifford Chance, told China Business Law Journal.
Still, Wang remained cautious. “Equity markets are so volatile that it is difficult for the issuer and the advisers to make judgment on the timing of an IPO window.”
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
