Hong Kong IPO

It is offering a total of 490.7 million shares.

The number of listings declined to 67 from 97 in the previous year. 

It is expected to reach between $180b-$200b, the PwC reported. 

For the whole year, PwC expects Hong Kong to raise between $180m to $200m.

Funds raised in H122 plummeted by 92% YoY. 

Funds raised by IPOs in H122 are predicted to reach HK$17.1 b, a 92% decrease from 2021.

This could place Hong Kong amongst the top 3 IPO markets globally.

HK remains a preferred overseas listing destination for Chinese companies.

Measures issued by China and the US drove companies to list in Hong Kong.

It is expected to drive companies to list in Hong Kong, if it means they can be exempted from the review.

This comes as the commission imposes stricter review on applications.

This is thanks to the buoyant IPO market and strong trading volumes amongst others.

The bulk of the proceeds will be used to fund R&D initiatives.

The regulatory body also plans to keep a watchful eye on IPO-related malpractices.

Its new FINI platform targets to cut the IPO settlement process to two days from five.