Deals
Hong Kong’s Most-Popular IPOs Return the Least: Chart of the Day
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Hong Kong’s most-popular initial public offerings among retail investors since the start of 2010 have plunged an average of 54 percent from their offer price and trail returns of the city’s IPOs.
The CHART OF THE DAY shows the 54 percent slump by the 10 companies with the most orders from individuals relative to stock available, against an average 7 percent drop by the 10 most-undersubscribed IPOs and a 13 percent decline for all 186 companies completing Hong Kong IPOs. The data, showing returns through May 18, are compiled by Bloomberg and Computershare Hong Kong Investor Services Ltd. By contrast, the 435 IPOs in the U.S. generated a loss of 5 percent in the same period.