News Snapshot:
Hong Kong Exchanges and Clearing could have about 140 initial public offerings by the end of the year, raising around HK$400 billion (US$51.62 billion), second only to the Shanghai Stock Exchange in terms of total fundraising, global accounting firm Deloitte predicted on Wednesday. By the end of September, the Hong Kong Special Administrative Region (HKSAR) is likely to have 99 IPO s on board, similar to the number in the same period a year ago. The total fundraising amount could increase 67 percent year-on-year to HK$213.8 billion. New-economy firms dominated the city’s IPO market in the first three quarters, with...
