Frenzied Retail Demand for Hong Kong IPOs is Waning
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In stark contract to last quarter, companies seeking a listing in Hong Kong this year only managed to price their deals at the lower end of a marketed range.
Five out of the six initial public offerings completed this month were priced at the lower band of the target, according to data compiled by Bloomberg. In comparison, 75% of the deals of a similar size were priced at the higher end of the range last quarter, the figures show.