Hong Kong Leads Global IPO Markets
Although funds raised in Hong Kong have dropped to an eight year low, it still ranks top as the largest IPO market world-wide according to data from Thomson Reuters. This year, Hong Kong stock markets have raised US$39.4 billion through initial public offerings, share placements, rights issues and other offerings. This is the lowest amount raised since the financial crisis in 2008.
“This year, Hong Kong stock markets have raised US$39.4 billion through initial public offerings, share placements, rights issues and other offerings.”
~ South China Morning Post
The funds raised in Hong Kong beat Shanghai Stock Exchange in 2nd place with US$16 billion and New York Stock Exchange on US$11.87 billion. The huge listing of Chinese state owned Postal Savings Bank of China (PSBC) raised US$7.6 billion and attributed to Hong Kong’s ranking as the top IPO market.
Related Reports: South China Morning Post
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