Reported 3 days ago
As the last trading day of 2024 approaches, Hong Kong is witnessing a significant increase in initial public offerings (IPOs) with at least six companies planning to list shares, aiming to raise a total of HK$3.3 billion. This uptick signals a revival in the IPO market as regulatory changes and the upcoming inauguration of Donald Trump prompt firms to expedite their listings. Despite nearly doubling to about $10 billion in 2024, total IPO proceeds remain below pre-pandemic averages, but the sentiment among investors is positive, predicting better stock performance and higher valuations.
Source: YAHOO