Dire Performance of New Hong Kong Listings Clouds Prospects for IPO Pickup


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FILE PHOTO: People walk past a screen displaying the Hang Seng stock index outside Hong Kong Exchanges, in Hong Kong, China July 19, 2022. REUTERS/Lam Yik Reuters By Scott Murdoch HONG KONG (Reuters) - The majority of stocks listed in Hong Kong since the start of last year are trading well below their initial selling prices, data showed, leaving investors out of pocket and dimming prospects for a pick up in share sales for rest of 2022. Of 132 initial public offerings (IPOs) and secondary listings on the city's stock exchange since the start of 2021 - collectively raising $47.6...