Hongkong Stock Exchange is the IPO Champion of 2009: bigger than NYSE. At the same time, however, Hongkong stock exchange is under serious threat from Shanghai and Shenzhen stock exchange. To walk out of the competition, HKSE is looking into expanding on an international horizon by attracting more foreign companies to get listed (See Article from Economist). Recently HKSE is working on a potential IPO deal for Rusal – A Russian mining company. The success of Rusal’s IPO is likely to be followed by six to seven other Russian companies to go to the HK bourse. In addition, several German companies have been floated in this year as well.