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Stress and despair: new year, old wounds for Hong Kong bankers with IPO market in slump and windfalls elude investors

Hong Kong's market for initial public offerings (IPOs) is suffering from another sluggish start in 2024. Once a beacon of hope for retail investors looking for a windfall and a lucrative source of fees for investment bankers, listings have instead become a source of stress and job insecurity due to a drop in such activity. This year, five companies have raised HK$2.18 billion (US$279 million) from their stock offerings in the first two months, according to data compiled by London Stock Exch...
China General Saudi Arabia Hong Kong Nicolas Aguzin Robert Walters Federico Bazzoni
Source: yahoo.com

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