HONG KONG — Hong Kong is poised to reclaim its crown as the top spot for initial public offerings, estimates show, potentially ending a five-year cold streak.
China’s largest soy sauce maker, Foshan Haitian Flavouring and Food Company, rang the gong at the Hong Kong exchange on Thursday. The shares opened 3.3% above their offer price, with the listing raising $1.3 billion. Haitian marks the third listing on Hong Kong’s main board this year to crack the global top 10 by deal size.
