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After a dismal first six months of the year, things are looking up for initial public offerings (IPOs) in Hong Kong as several large Chinese firms line up to list in the territory in the second half. Battery materials producer Tianqi Lithium Corp (天齊鋰業) just opened its books for what is set to be Hong Kong’s first debut of the year that is expected to raise more than US$1 billion, while China Tourism Group Duty Free Corp (中國旅遊集團中免) might relaunch an offering of about US$2 billion. Along with several other medium-size to large deals in the pipeline, they are poised to revive ....
Asia deal volume tumbled in the first quarter and dealmakers do not expect a near-term rebound as the Russia-Ukraine war, higher interest rates and economic uncertainty hurt business sentiment. Mergers and acquisitions (M&A) and equity capital market activity declined sharply in the region over January-March, according to Refinitiv data, with Chinese stocks among the biggest . ....
By Scott Murdoch and Anshuman Daga SYDNEY/SINGAPORE (Reuters) - Asia deal volume tumbled in the first quarter and dealmakers do not expect a near-term. ....