News Snapshot:
WhatsApp From London to Hong Kong, large initial public offers (IPOs) have all but dried up across the world’s major financial centres this year. But the market in China is bustling with activity. IPOs on mainland China exchanges have climbed to $57.8 billion so far in 2022, the largest ever for such a period, according to data compiled by Bloomberg . There have been five IPOs of above $1 billion since January, and one more is on the way. That’s versus just one such sale each in New York and Hong Kong, and none in London. China’s IPO market has...
