News Snapshot:
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 billion – 111 are currently trading in the red, showed data from analytics firm Dealogic. Markets have been ravaged over the past two years by a storm of volatility, with economic disruption from the...
