A version of this story was first published by sister publication, AsianInvestor.
After a miserable 2022 with total fundraising dropping almost 70%, the market consensus is that Hong Kong’s initial public offering IPO market will get better in the New Year largely driven by a more friendly macro environment at home and abroad.
How strong of a rebound will depend on how much policy certainty China can provide to international investors, and how volatile the global market will be amid a potential recession.
In what has emerged as an unprecedented market downturn, the global IPO market recorded a 60% drop in fundraising, led...
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