Hong Kong: HK$212 Billion Raised Through IPOs On HKEX In H1 2021, Followed By A Strong Pipeline Winston & Strawn LLP


Source: mondaq.com mondaq.com

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The Hong Kong Stock Exchange (HKEX), which completed 46 IPOs in the first six months of the year, posted a set of record-breaking revenue and profits in its 2021 Interim Results released on Wednesday, August 11. These new company listings raised HK$212 billion in total, highlighting a 128% year-on-year growth. New economy and biotech companies contributed 92% of total funds raised, including the landmark IPO of XPeng, the first dual primary listing with a weighted voting rights (WVR) structure, taking advantage of the new listing regime launched three years ago. HKEX also revealed a robust pipeline, with more than 200...