Funds raised by Hong Kong IPOs down 37% to $85.7b
October 20, 2017
But the number of IPOs increased 52% to 114.
Hong Kong stays over the initial public offering (IPO) scene with the quantity of arrangements in the first three quarters of 2017 up by 52% contrasted with a similar period in 2016, as per a report by PwC.
The total number of IPOs in the initial seventy-three quarters is 114 when contrasted with 75 in the first three quarters of 2016.
Then, the quantity of organizations recorded on the Main Board expanded from 50 in the first three quarter of 2016 to 59 in the initial three quarters of 2017; while new postings on GEM expanded from 25 in the first three quarters of 2016 to 55 in the initial first quarters of 2017.
Regardless of the expansion in the quantity of deals, total IPO funds raised in the initial three quarters of 2017 went down 37% contrasted with the sum brought up in a similar period a year ago. Total funds raised from January to September 2017 shut at HK$85.7b from a year’s HK$135.9b.
Here’s additional from PwC:
Solid SME postings could lead the market to achieve new record of postings in the entire year of 2017, to make HK one of the favored IPO destinations around the globe.
Some potential blockbuster IPOs have been rescheduled or deferred because of circumstance changes, both remotely and inside. In any case, it doesn’t influence the general engaging quality of HK stock market, as the best platform for worldwide investors and Mainland companies over the district.
The continuous market reform, which aims for reinforce the competitiveness of HK stock markers and facilitate new-economy firms’ fundraising activities, will make ready for more fintech postings later on.
Joint actions between regulators by enhancing management strategy, which viably contained the untoward price volatility of GEM stocks, and additionally managing the market order and makes a more beneficial condition.
The quantity of foreign organizations particularly Asian organizations posting in Hong Kong will keep on growing, which consoles HK’s position of as monetary center point in Asia.
Economic and political uncertainties over the locale, for example, Brexit, the Fed diminishes its balance sheet, and pressure in North East Asia, will keep on affecting the sentiment of financial markets. Then again, the proposed US tax reform could expedite positive effect worldwide financial markets.
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