Fundraising activity is rebounding on HKEX, reinforced by additional follow-on fundraising and a strong IPO pipeline, according to CEO Bonnie Chan.
IPOs raised HK$8.6 billion during the quarter ended in June, representing a 79% quarter-on-quarter jump in funds raised, according to the exchange's 2024 interim report.
"We have about 100 companies waiting to get listed, and it's a very diverse pipeline," she said. The interim results, along with the strength of the"China story," have reinforced the exchange's"cautiously optimistic" outlook, she added. "This year, we have supported a lot of follow-on fundraising for companies that are listed on our exchange," Chan said, adding it has come in the form of additional follow-on financing and convertible bond issuance.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Comedian Eric André says he was racially profiled at Australian airportMithil Aggarwal is a Hong Kong-based reporter/producer for NBC News.
Read more »
JD.com leads losses in Hong Kong, falling 10% after Walmart confirms stake saleWalmart said the decision will allow it to 'focus on our strong China operations for Walmart China and Sam's Club, and deploy capital towards other priorities.'
Read more »
Asian stocks fall as yen strength weighs; Hong Kong hit by JD.com lossesAsian stocks fall as yen strength weighs; Hong Kong hit by JD.com losses
Read more »
Comedian Eric André says he was racially profiled at airportMithil Aggarwal is a Hong Kong-based reporter/producer for NBC News.
Read more »
Julien’s First Hong Kong Auction Will Offer Memorabilia From Bruce Lee to Taylor SwiftJulien's Auctions is holding its first auction in Hong Kong. The 'Legends in Motion' sale includes items from Bruce Lee, Michael Jackson, and more.
Read more »
British judge on Hong Kong's top court quits media freedom group's advisory panelA British judge who was part of a Hong Kong court panel that dismissed an appeal from prominent imprisoned publisher Jimmy Lai and six former pro-democracy lawmakers has quit his position on an advisory board to an international media freedom group
Read more »