Ken Wang covers China's ECM and the equity-linked market for IFR. Before joining Thomson Reuters IFR in January 2011, he worked as a stock editor for China Finance Online.
Following a blowout response to the last round of A-share listings, a dozen other companies are in line for sky-high subscription rates after receiving regulatory approvals to launch their IPOs.
Chinese pork producer WH Group is preparing to relaunch its planned Hong Kong IPO with a target size of US$2bn–$3bn and a far smaller banking syndicate.
The first nine deals since China re-opened its domestic IPO market were hundreds of times oversubscribed last week, underlining investors’ belief that new regulations have left prices artificially low.