China Shipping Nauticgreen Holdings has decided to postpone its planned US$193 million initial public offering on the Hong Kong Stock Exchange due to market volatility, despite already taking orders from institutional investors, Dow Jones reported, citing unnamed sources. The benchmark Hang Seng Index has declined 2.9% in recent weeks over concerns about the health of the global economy and rising inflation across Asia. Many large firms – including Beijing Jingneng Clean Energy and China Hanking Holdings – have recently postponed their planned IPOs, citing market volatility. However, others – most notably Citic Securities (600030.SH) – are still planning to list in Hong Kong, the world’s biggest IPO market for the last two years running, despite the uncertain prospects .
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