14
Jun
Hong Kong’s IPO market hits a snag
Perhaps there was nowhere for Hong Kong’s IPO market to go but down. From January-March, fundraising hit an all-time high of US$13.9 billion while Hong Kong Exchanges and Clearing (HKEX) posted a record profit of HK$3.8 billion (US$490 million), up 70% year-on-year. At that point, China’s fintech crackdown, which has…
