20 Jun 2018 Hong Kong rising as hot IPO market

  • Three Chinese companies that rank among the world’s 20 largest internet firms are expected to list this year in $5 billion-plus deals in Hong Kong.
  • Hong Kong is “perfectly positioned to provide effectively an access point” to one of the fastest growing regions of the world, said Andy Nybo, director at Burton-Taylor International Consulting, which does financial markets research.
  • Down the road, “Hong Kong and China together could end up being the largest issuing market for IPOs,” said Kathleen Smith, principal at Renaissance Capital and manager of IPO ETFs.

The Hong Kong Stock Exchange has become a hot spot for attracting the initial public offerings of some of the largest companies in the world.

Read the full story here: https://www.cnbc.com/2018/06/20/hong-kong-rising-as-hot-ipo-market.html