Hong Kong's IPO Market Witnesses Significant Decline in Proceeds
Friday, 28 June 2024, 06:36
Key Points:
The IPO proceeds in Hong Kong have plunged significantly, down 35% from the previous year.
- This decline marks the lowest levels seen in 20 years.
- The market downturn is reminiscent of the challenges faced during the Sars epidemic in 2003.
Conclusion: The reduced IPO activity in Hong Kong poses a threat to its global market position and highlights potential concerns about the city's economic outlook.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.