Why Hong Kong's IPO lock-up rule should go

The six-month lock-up that cornerstone investors face with IPOs hurts liquidity, deters proper screening, and distorts share prices, bankers and advisers increasingly argue.

Hong Kong’s stock market is well known around the world for its high levels of liquidity and free float of shares but the situation is worsening, at least among new listings.

¬ Haymarket Media Limited. All rights reserved.

Sign in to read on!

Registered users get 2 free articles in 30 days.

Subscribers have full unlimited access to FinanceAsia.

Not signed up? New users get 2 free articles per month, plus a 7-day unlimited free trial.

Questions?
See here for more information on licences and prices, or contact [email protected].

Share our publication on social media
Share our publication on social media