Federico Bazzoni News Today : Breaking News, Live Updates & Top Stories | Vimarsana

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

Hong Kong’s business community is set to turbocharge plans to capitalise on the city’s initiatives to be one of the world’s top wealth centres and talent hubs, while eyeing growth in the wider bay area too, Post survey finds.

For deal flows to be revived, buyers need to be more confident about China’s growth, and they need to see some strong and high-profile deals go through first, industry insiders say.

Vantage Capital Markets has appointed Federico Bazzoni as CEO of investment banking.