When It Comes to Returns, Hong Kong's IPO Market Is Living It Up
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It’s a good time to be an IPO investor in Hong Kong.
Buoyed by growing risk appetite, the city’s initial public offerings are delivering the best returns in years. Companies that raised at least $100 million jumped an average 15 percent in their first month of trading, weighted by deal size, according to data compiled by Bloomberg. That’s the most since 2011 for this time of the year and would be the biggest jump since 2007 should this pace last through December.