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MARKETS & INVESTING | Staff Reporter, Hong Kong
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Hong Kong and Singapore's battle over the hottest IPOs intensifies

Dual-class shares are selling like hot cakes.

Bloomberg reported that Hong Kong and Singapore are at it again, the Asian financial hub rivals are reviving a debate on dual-class shares as global competition for the hottest initial public offerings intensifies.

"Singapore is a few steps ahead. Prime Minister Lee Hsien Loong last week gave his approval to dual-class shares and other measures proposed by a panel to drive economic growth," it reported.

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