Hong Kong Set for Busiest IPO Week of 2024 With Six Listings
- The initial public offerings raised a combined HK$4.3 billion
- Average offering size this year dropped 33% from last year
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Six companies are set to start trading in Hong Kong this week after raising a combined HK$4.31 billion ($551 million) in the busiest week this year for IPO debuts.
The pickup in listings indicates a recovery in activity in the third quarter after a slow first half. Chinese authorities said earlier this year that they’d support industry leaders going public in the city after offerings slumped to the lowest level in two decades in 2023.