Jul 09, 2024 04:05 AM
FINANCE
Hong Kong Set for Busiest IPO Week of 2024 With Six Listings
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The six debuts make it Hong Kong’s busiest week since Dec. 18
(Bloomberg) — Six companies are due to start trading in Hong Kong this week after raising a combined HK$4.31 billion ($552 million) in the busiest week this year for IPO debuts.
The pickup in listings indicates a recovery in activity in the third quarter after a slow first half. Chinese authorities said earlier this year that they would support industry leaders going public in the city after offerings fell to the lowest level in two decades in 2023.
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