Hong Kong IPO Volume Drops Back to Pre-COVID Levels, Falling Behind China’s A-Share Market

According to the data compiled by Bloomberg, the total volume raised in Hong Kong IPO market in the first half of 2022 was USD 2.7 billion from 27 deals, a 91.3% drop from the same period last year when the total volume was at USD 31 billion in the midst of COVID-19 pandemic. Volumes in the second quarter of 2022 was particularly low, with only USD 0.8 billion in offerings, the lowest number for a quarter for the last decade. Meanwhile, China's A share IPO market volume surpassed the US for the first time, making China the world's largest IPO…