UPDATE 1-Artini falls 10 pct in disappointing HK IPO debut

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HONG KONG, May 16 (Reuters) - Shares in fashion accessories company Artini China Co Ltd (0789.HK: Quote, Profile, Research, Stock Buzz) fell 10 percent on their market debut on Friday after the company raised $80 million in a Hong Kong initial public offering.

The uninspiring debut, which lagged a 0.4 percent rise in the benchmark Hang Seng Index .HSI on Friday and came despite a 13 percent rise in the broader market in April, is expected to curb enthusiasm for other upcoming issues.

"Unless there are niche companies listing in Hong Kong, it is difficult to attract investors to buy into IPOs, as their post-market performances have been poor", said Y.K. Chan, a strategist at Phillip Capital Management.

Shares in Artini ended at HK$2.0, compared with an IPO price of HK$2.22 per share, which was at the bottom of its indicated range.

Artini sold 280 million shares, or 28 percent of its enlarged share capital, in a deal handled by Cazenove [CAZ.UL].

Although investors' appetite for IPOs is weak, a pair of companies kicked off marketing roadshows on Friday, including Chinese sportswear retailers Pou Sheng International (Holdings) Ltd and Xtep International Holdings Ltd, to raise a combined $784 million.

Separately, a glut of IPOs is slated to list in Hong Kong by the end of June, including Chenming Paper Holdings, Central China Real Estate Ltd and restaurant operator Little Sheep Group Ltd.