Daily Management Review

Hong Kong’s volume of share placements in the first half of 2023 hits the lowest since 2003


The London Stock Exchange Group reports that the Hong Kong Stock Exchange saw $6.3 billion in share and convertible bond offers in the first half of this year, a 43.8% decrease from the same period last year.

John Lam
John Lam
According to Hong Kong Business, it is the lowest since 2003, when SARS interrupted regular business operations.

The Hong Kong exchange is now the 13th largest in the world with $1.5 billion in IPOs from January to June (a 35.2% decrease). The New York Stock Exchange took the lead with $10.9 billion.

The largest initial public offering (IPO) in Hong Kong this year took place in April when tea store chain Sichuan Baicha Baidao Industrial raised HK$2.46bn ($330m).

source: ft.com