Hong Kong's IPO market has been hit by the protests, but it could see a turnaround

📆 22/10/2019 01:09 م
📰 CNBC

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The city has 'witnessed a slow period' for IPOs this year, said financial data company Refinitiv. It has raised $18.5 billion in proceeds, down nearly 43% as compared to the same period last year.

as the international destination to list its shares.

But, all might not be lost. "A robust IPO pipeline is anticipated to reverse the listing drought witnessed in the last two months and continue to show Hong Kong's resilience as one of the best venues for initial public offerings," said Refinitiv's Tan in an email to CNBC. Other upcoming listings in Hong Kong include financial institution Home Credit's up to $1.5 billion IPO and Bank of Guizhou's up to $1 billion listing.moves to place curbs on investments in China

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