Man Wah, Zhongsheng lead the way in Asian IPO revival.

This article offers a look at activities in the Asian initial public offering (IPO) market during the week of March 12, 2010. A scaled-down Hong Kong IPO was launched by Zhongsheng Group, one of China's biggest car dealerships, on March 10 with 286.2 million new shares worth 15.5% of its share capital. Chinese furniture maker Man Wah Holdings returned to the market by launching a Hong Kong IPO with a target price of 8.50-11.80 Hong Kong dollars per share. Both firms are hoping on a resurgence in appetite for new listings.