HK’s share of Asian IPO at a slump: report
IPOs declined the lowest in more than two decades.
The share of Hong Kong market, the financial centre, in Asian IPOs faced a two-decade low, making its market one of Asia’s biggest listing venues.
Data from Bloomberg showed that $7.75b were collected through first-time share sales in the market this year, accounting for 7% of the total Asian market.
It is the lowest share since 1999, when it posted just 6% of the Asia-wide total.
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Bloomberg also said even with additional $4b in IPO proceeds, Hong Kong’s share of the Asia total, which is at $108b, would still be the smallest since 1999.
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