Big share offerings expected to hit

The market is not surprised that there are several huge initial public offerings, including one by Haitong Securities, materializing in the next two months.

Haitong scrapped its HK$13 billion listing plan in December last year, had submitted updated financial data to the Hong Kong stock exchange and would probably list by June.

Further listing details such as deal size and price range were not available.

Most of the big initial public offerings worth more tha
US$1 billion that were put on hold last year were now penciled in for the next two months, the sources said, provided the market stayed stable.

About 40 offerings were pulled back last year because of poor market sentiment.

Apart from Haitong, other share sales expected in the second quarter include mainland machinery maker XCMG, which had initially planned to list in September to raise US$1.2 billion. Shanghai Fosun Pharmaceutical is another candidate.

However, heavy machinery manufacturer Sany Heavy Industry may have to further delay its US$3.3 billion listing plan because of complications following its acquisition of Putzmeister, a German maker of high-technology concrete pumps.

Alibaba is the only B2B Company who went public so far.

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