Hong Kong’s IPO pipeline fills up as Ximalaya, Xintiandi seek to list, helping city catch up with New York in global fundraising race

Source: scmp.com scmp.com

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Hong Kong’s pipeline for initial public offerings (IPOs) is starting to fill up as more companies emerged from the summer lull to file their listing plans, potentially helping the city catch up with New York in the global race for fundraising. Ximalaya , China’s biggest podcasting platform backed by Tencent Holdings, and Xintiandi , the Shanghai commercial property assets of tycoon Vincent Lo Hong sui’s Shui On Land, both filed to list in Hong Kong. They are among nearly a dozen firms who have filed paperwork to go public in the city since the beginning of September. China’s largest artificial...