After the quietest month in more than six years, initial public offering (IPO) activity is finally picking up in Hong Kong, reported The Straits Times.
Just one company, Hands Form Holdings, went public in the financial hub last month with a HK$130 million (S$23 million) IPO. The report said: “While it is not unusual for the summer months to be quiet, with many bankers and investors on vacation, last month’s launches were particularly sedate as the city’s ongoing protests and an escalating trade war between China and the United States dented investor sentiment.”
In comparison, companies had raised US$24.3 billion in Hong Kong IPOs this time last year.
