hkex

Hong Kong consults market on listing rules for specialist tech firms

Pre-commercial companies are subject to a minimum market capitalisation requirement of HK$15 billion ($1.9 billion), while those with annual revenues of HK$250 million are expected to have a capitalisation of at least HK$8 billion at the time of listing.
October 25, 2022

Blibli seeks to raise $530 million on IDX, but faces bleak share performance

The listing will be the Indonesian bourse’s third largest, after those of Bukalapak and GoTo. But Blibli may not enjoy the same “hype” as its predecessors, given the instability of tech sector share prices, experts opined. Both firms have seen their share prices drop significantly since IPO.
October 25, 2022

Hong Kong approves SPAC framework

The new framework adds another dimension to Hong Kong’s listing offerings, but is unlikely to become a mainstream option in Hong Kong, experts believe.
January 11, 2022

Expect more Hong Kong privatisations in 2020

Amid the implementation of new trading rules and access to cheaper financing, increasing numbers of public companies in Hong Kong are choosing to delist or privatise even as bourse rules allow unprofitable companies to go public.
January 15, 2020