Hong Kong’s Share of Asian IPOs Slumps to Lowest This Century
(Bloomberg) — Hong Kong’s share of regional initial public offerings shrank to the lowest this century despite a recent pick-up in deals, costing the financial hub its position as one of Asia’s biggest listing venues.
Just $7.75 billion has been raised through first-time share sales in the city this year, representing 7% of the Asia-wide total, according to data compiled by Bloomberg. That’s the lowest share for Hong Kong since 1999, when it was just 6%, the data show.
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