Investors should be given credit — carbon credit in particular — when they hold carbon-intensive assets in Asia but aim to help these assets transit. However, regulations also need to stay updated in order to prevent greenwashing.
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.
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.
A primary listing for the e-commerce company in Hong Kong would not only expand Alibaba’s investor base, but also make the tech giant’s share price a better risk barometer for domestic sentiment in China.
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.