Four large mainland companies went before listing hearings at the Hong Kong stock exchange yesterday seeking to raise a combined US$3.15 billion from their initial public offerings next month, market sources said.
Property developer Soho China and down coat-maker Bosideng Corp aimed to raise at least US$1 billion each, they said.
China Dong Xing Holdings, the sole agent for sports brand Kappa on the mainland, hoped to raise as much as US$800 million, while nickel producer Xinjiang Xing Xin Mining planned to raise US$350 million in its offering.
HSBC and Goldman Sachs are the arrangers for the Soho share sale while Goldman is also the sponsor of Bosideng's offering together with Morgan Stanley.
BOC International is the sole bookrunner of Xing Xin's deal and Merrill Lynch teamed up with Deutsche Bank to handle the Dong Xing offering.
'A number of quality offerings are lining up for a listing hearing before the end of the month, including Solargiga Energy and the [handset component business] spin-off of BYD,' said an investment banker involved in the transactions.