Hong Kong IPO funds surge 822 per cent in record-breaking first quarter as US-listed Chinese tech giants opt for secondary flotations

Mar 30, 2021 | INVESTING

Fundraising via new share listings in Hong Kong soared more than ninefold to a record in the first quarter, pushing the city’s main board to second place behind Nasdaq in the global rankings for initial public offerings (IPOs). The 822 per cent increase was largely thanks to a massive surge in the number of mainland Chinese technology giants listing their shares.The strong momentum is likely to continue in the second quarter, according to analysts, as many more firms have already filed their…

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