[HONG KONG] Two Hong Kong initial public offerings that had been postponed earlier this year are rearing their heads again.
Warburg Pincus-backed ESR Cayman, a logistics real estate platform, on Friday refiled listing documents with the Hong Kong stock exchange, a day after the world's largest brewerThe potential return of the two deals, which had initially sought to raise about US$11 billion between them, marks a remarkable turnaround for the fortunes of the Hong Kong stock exchange, which is languishing behind Shanghai and New York in terms of IPO proceeds. Companies have only raised US$10.
Budweiser Brewing Company APAC - AB InBev's Asian unit - and ESR Cayman are respectively the largest and third-biggest pulled deals globally this year, the data show. Should they successfully complete their IPOs on the second attempt, it would give a boost to investor confidence and other prospective issuers waiting in the pipeline.
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