Reported about 1 year ago
Hong Kong is gearing up for its busiest IPO week in 2024 with six companies set to begin trading, raising a combined HK$4.31 billion. This surge in listings signifies a rebound in Q3 activity following a sluggish first half, with authorities supporting industry leaders going public after a low in offerings in 2023. Bloomberg Intelligence's senior analyst Sharnie Wong noted the abundance of companies seeking listings, pending ideal valuations and market sentiment. The largest debutant is aircraft manufacturer Cirrus Aircraft Ltd., with the second-largest being Chenqi Technology Ltd., a ride-hailing services firm based in Guangzhou, China and backed by Tencent Holdings Ltd. and Guangzhou Automobile Group Co.
Source: YAHOO