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Hong Kong on track for global IPO crown but many new listings sag


  • Markets
  • Monday, 10 Dec 2018

The figures are a blow to Hong Kong, whose hopes of a listings bonanza spurred by new tech-friendly rules have been dented by weak markets, sparking fears the soggy performance could weigh on initial public offering (IPO) volumes in 2019. ( A sunset view of Hong Kong island and Victoria Harbour in Hong Kong, China. - euters filepic)

The figures are a blow to Hong Kong, whose hopes of a listings bonanza spurred by new tech-friendly rules have been dented by weak markets, sparking fears the soggy performance could weigh on initial public offering (IPO) volumes in 2019. ( A sunset view of Hong Kong island and Victoria Harbour in Hong Kong, China. - euters filepic)

HONG KONG: Hong Kong is on course to take the global IPO crown this year for the most money raised in stock market flotations, narrowly ahead of arch-rival New York, but its new listings have posted the worst performance among leading bourses, data show.

The figures are a blow to Hong Kong, whose hopes of a listings bonanza spurred by new tech-friendly rules have been dented by weak markets, sparking fears the soggy performance could weigh on initial public offering (IPO) volumes in 2019.

Markets , Corporate News

   

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