Mainland China and Hong Kong expected to finish 2020 as top IPO destinations after strong Q3, KPMG analysis finds

The Shanghai Stock Exchange is expected to claim the top spot globally in terms of both IPO fundraising and number of listings year-to-date as at end of the third quarter of 2020 while Hong Kong ranks third globally, according to KPMG’s latest analysis. There is a significantly increasing number of US-listed China-based companies returning for secondary listings in Hong Kong , with a total of seven such listings together contributing approximately 48 percent of the total funds raised year-to-date, making Hong Kong an even more important capital-raising venue with a growing ecosystem for innovation and new economy companies. The two…