HKEx: Duel over dual listings

Fed up with losing lucrative tech IPOs like Alibaba's, the bourse is determined to have a second go at dual-class shareholdings. But convincing the SFC and investors will not be easy.

HKEx: Duel over dual listings

Investors in Hong Kong can be forgiven for having a sense of déjà vu now that the city is looking again to square the circle for technology companies that are at once drawn to its highly liquid stock market yet repelled by its strict listing rules.

Ever since the city lost Alibaba’s record $25 billion initial public offering in 2014 to New York, the Hong Kong Exchanges and Clearing HKEx has been sweating...

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