Top News
Hong Kong exchange to remain world's largest IPO market in 2019: KPMG report
Last Updated: 2019-12-12 17:02 | Xinhua
 Save  Print   E-mail

The Hong Kong stock exchange will once again rank first globally in terms of IPOs this year, cementing its position as the world's leading fund-raising hub, a KPMG report said.

By the end of 2019, the exchange will have completed 160 IPOs, raising a total of 307.8 billion Hong Kong dollars (about 40 billion U.S. dollars), with a historical high of 145 new mainboard listings, the report said.

It will be the second straight year for the exchange to top the world's IPO list. The NASDAQ and the New York Stock Exchange are expected to rank the second and the third respectively in 2019.

The report noted that the results were largely driven by a strong performance in the second half of the year, when two mega-sized deals were completed, which were Alibaba's secondary listing and the listing of Budweiser Brewing Company.

The Hong Kong IPO market is poised to stay competitive in the coming year, with the new economy and international listings to remain as key drivers, the report said. "Alibaba's successful secondary listing could prompt other mega-sized Chinese technology companies currently listed overseas to consider returning to Hong Kong."

Share to 
0
Related Articles:
BACK TO TOP
  • Sports
  • Soccer
  • Basketball
  • Tennis
  • Formula One
  • Athletics
  • Others
  • Entertainment
  • Celebrity
  • Movie & TV
  • Music
  • Theater & Arts
  • Fashion
  • Beauty Pageant
Edition:
Link:    
About CE.cn | About the Economic Daily | Contact us
Copyright 2003-2015 China Economic Net. All right reserved
Hong Kong exchange to remain world's largest IPO market in 2019: KPMG report
Source:Xinhua | 2019-12-12 17:02
Share to 
0