, Columnist
Hong Kong’s Tech Dreams Are Becoming a Nightmare
A rule change was supposed to lure the hottest upstarts. But if IPOs continue to flop, investors and founders will meet elsewhere.
Alibaba’s New York listing was a blow to Hong Kong.
Photographer: Scott Eells/Bloomberg
This article is for subscribers only.
Hong Kong’s latest plan to become a listing destination for the region’s tech companies is off to a rocky start.
In April the bourse changed a long-standing rule to allow companies with dual-class shares to list on the Hong Kong Stock Exchange.