Edmond Chan, partner at PwC Capital Market Services Group, said at the press conference that Hong Kong’s IPO market will maintain the momentum seen in the last quarter of 2013 this year on prospect of strengthened investors’ confidence.

Chan predicted that small- to medium-sized companies will become the pillar of the local IPO market this year and there could be 4-5 large companies that would seek listing in 2014 to raise approximately $150 million in total. They are mainly technology stocks and retail consumption stocks. According to market sources, POWER ASSETS (00006.HK)  -1.000 (1.618%)    Short selling $43.40M; Ratio 17.597%     and HUTCHISON (00013.HK)  -2.700 (2.559%)   may spin off HK Electric and Watsons respectively for separate listing.

Source: AAStocks Financial News
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