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Citi emerged as the top underwriter for equity capital markets (ECM) in Asia ex-Japan for the first quarter (Q1) of 2024, continuing the strong momentum built in 2023. At the end of Q1, Citi commanded a total issuance volume that was double that of the next closest competitor.
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
2023 was a testing time for many of Asia's stock markets through a combination of weak performance and a lack of IPOs. FA looks at what went wrong, how sentiment might improve and some of the continent's bright spots.
FinanceAsia recently caught up with Udhay Furtado and Kenneth Chow, co-heads of Asia equity capital markets, Citi, on the health of the region's IPO market.
Chuiyangliu Hospital, pictured in Beijing in January 2023, has completed renovations in recent years that have allowed daily patents to increase sixfold to