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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 Exchange ....
“We’re not where we need to be to make this a viable business, especially with inflation, rising labor costs, and the high cost of rent,” owner Carol Cheung said. ....
Restaurant news: pierogi, 11 openings and closings in Chicago chicagotribune.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chicagotribune.com Daily Mail and Mail on Sunday newspapers.