News Snapshot:
There is good news in Hong Kong’s IPO market. The activity has attracted a slight pick-up with the first $1bn float. However, bankers analyzed that the selling side would be better if the sizable deals work in favor of the investors. Commonly, IPO reaches its peak in June as issuers rush to close deals before updating numbers. June this year is also the last IPO window before summer holidays. Four companies have started pre-marketing IPO as well. These four companies are Cloudr, Xuan Wu Cloud, GFT International , and Sinohealth. Cloudr, the online healthcare platform, started IPO marketing for $100m....
