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http://www.channelnewsasia.com/stories/afp_asiapacific_business/view/1009832/1/.html
Caution cools Hong Kong IPO frenzy
HONG KONG: Three more firms are set to list on the Hong Kong stock exchange Thursday, but analysts warned that cooling economic optimism and overpricing has been responsible for a series of disappointing debuts.
Companies forced to shelve their listing plans after the US financial crisis set in had been tempted back by a rally of about 80 per cent since early March on the benchmark Hang Seng index.
But amid signs the US economy is not picking up as quickly as previously thought, that optimism is tailing off, just as dozens of Hong Kong firms are preparing to launch their IPOs
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