Wall Street Journal
The Hong Kong stock exchange, once one of the world’s top venues for IPOs, hasn’t been on the shopping lists of foreign companies for a long time. But a listing plan by a Russian ecommerce retailer could put it back in the fray.

Once a market that drew foreign companies from Italian fashion house Prada SpA in 2011 to Russian commodity firms seeking to play up their popularity among spend-thrift Chinese consumers, Hong Kong hasn’t seen a major non-Chinese company listing for at least three years.

Some Japanese firms, such as Fast Retailing Co., operator of the Uniqlo casual-clothing store, and e-commerce services provider econtext Asia Ltd. have listed in the past couple of years, but they haven’t raised much funds, or in Fast Retailing’s secondary listing, none at all.
Read more…