Hong Kong Stock Exchange Sees High IPO Demand After Rule Changes
- Dozens of firms expected to file soon, says Charles Li
- Chinese phone maker Xiaomi filed this week under new regime
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New rules for initial public offerings in Hong Kong have helped boost applications, according to the head of the city’s stock exchange.
Hong Kong Exchanges & Clearing Ltd.’s Chief Executive Officer Charles Li expects a “very substantial autumn” for IPOs, he said in an interview on Bloomberg Television on Friday. Chinese smartphone maker Xiaomi Corp. was the first to file for a listing under the new regime, kicking off what could be the world’s biggest debut since 2014.