Home Credit to test Hong Kong IPO market as protests convulse city

HONG KONG - Consumer lender Home Credit is poised to offer the biggest test of Hong Kong's capital markets since China's Alibaba delayed plans for a US$15 billion listing last month because of the political turmoil engulfing the city.

Police fired tear gas and rubber bullets to disperse demonstrators in the Central business district and the upmarket Causeway Bay shopping district on Sunday, as the city endures its worst social unrest since its handover from British rule to China in 1997. Home Credit's forthcoming IPO will be a key gauge of sentiment as typically the last four months of the year are the busiest in Hong Kong for public floats, accounting for an average 51 per cent of the funds raised annually over the past decade, according to Refinitiv data.

So far this year, companies have raised US$10.8 billion in new listings in Hong Kong - well short of the US$16.5 billion raised between Shanghai and Shenzhen, and the US$38.4 billion raised in New York. Home Credit's week-long informal investor meetings were scheduled to take in cities including Hong Kong, Singapore and London before finishing in New York on Wednesday, according to sources with knowledge of the plans.

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Hong Kong August visitors plunge 40%, hotels half-full: Finance chiefHong Kong visitor arrivals plunged nearly 40 per cent in August from a year earlier, deepening from July's 5 per cent fall, the finance secretary ...
Fuente: ChannelNewsAsia - 🏆 6. / 66 Leer más »

Hong Kong visitors plunge 40 per cent in August, hotels half-full: Finance chiefHONG KONG — Hong Kong visitor arrivals plunged nearly 40 per cent in August from a year earlier, deepening from July's 5 per cent fall, the finance secretary said as sometimes violent anti-government protests take a rising toll on the city's tourism, retail and hotel businesses.
Fuente: TODAYonline - 🏆 1. / 99 Leer más »

Hong Kong August visitors plunge 40% year on year, hotels half-full: finance chiefHong Kong visitor arrivals plunged nearly 40% in August from a year earlier, deepening from July's 5% fall, the finance secretary said as sometimes violent anti-government protests take a rising toll on the city's tourism, retail and hotel businesses. Hotels in some locations had seen occupancy
Fuente: YahooSG - 🏆 3. / 71 Leer más »