Bloomberg Hong Kong’s bankers are working around the clock as the region’s companies rush to go public. Initial public offerings (IPO) in the city have already hit almost $11 billion, a close to 500% jump from a year earlier, with video streaming platform Bilibili Inc. and search giant Baidu Inc. among companies preparing multi-billion dollar deals. Digital roadshows and clients ...

Bloomberg Stocks dropped while US futures drifted ahead of a key Federal Reserve meeting at which officials will deliver their outlook for the economy amid a budding recovery that risks stoking inflation. Treasury yields edged higher. The Stoxx Europe 600 Index slipped as declines in retail shares outweighed gains for automakers. BMW AG shares rose 4% after the company forecast ...

Bloomberg Chinese search engine Baidu Inc. is on track to raise about HK$23.9 billion ($3.1 billion) in its Hong Kong share sale, the latest in a string of blockbuster equity offerings in the financial hub, people with knowledge of the matter said. The company told prospective investors it plans to price the deal at HK$252 per share, according to the ...