HKEX Proposes Lower Revenue Threshold for Cutting-Edge Tech IPOs

HKEX reported a 28% decline in profits in the first nine months of the year Wednesday as trading slumped and IPO deals were down

(Bloomberg) — Hong Kong Exchanges & Clearing Ltd. is planning a system that will slash the revenue requirements for advanced tech and science companies to go public in the city in an effort to revive share sales while echoing China’s drive for developing cutting-edge technology.

The bourse is planning to adjust its listing rules to accommodate companies in a wide range of sectors including next-generation information technology, advanced hardware and materials, new energy, and food and agriculture science. The HKEX is seeking public input until Dec. 18, according to a statement.

You've accessed an article available only to subscribers

Subscribe today for just $.99.

VIEW OPTIONS