
Hong Kong hits lowest maiden listing volume since Q1 2023
In Q3, the market only raised US$886m.
Hong Kong recorded its lowest volume of maiden public listings since Q1 2023 in Q3, data from Dealogic showed.
According to the report, Hong Kong raised US$886m from maiden listings in Q3.
Despite the Q3 record being at its lowest this year, the market still ranked third in the Asia-Pacific region for new listings.
Including secondary listings, however, Hong Kong would have jumped to the top spot in new listings.
John Lee, UBS’s co-head of Asia country coverage, said Hong Kong will see a decent pipeline in the final months of 2024.