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HKEx: 166 companies raise funds of HKD 242.7 bln via IPO in Q1-3
October 08, 2018
Abstract : A total of 166 companies went public in Hong Kong, up 46 percent from 114 in the same period last year, with 242.7 billion Hong Kong dollars raised through the initial public offerings (IPOs), up nearly 180 percent year on year.
BEIJING, Oct.8 (Xinhua) -- A total of 166 companies went public in the first three quarters of this year in Hong Kong, up 46 percent from 114 in the same period last year, with 242.7 billion Hong Kong dollars raised through the initial public offerings (IPOs), up nearly 180 percent year on year according to data recently published on Hong Kong Exchanges and Clearing Limited's (HKEX) website.
The Hong Kong stock exchange is likely to regain its status as the largest IPO market in the world. Dealogic data shows that Hong Kong ranked first globally in terms of amount of IPO raised in the first three quarters of this year, surpassing the second and third place of the New York Stock Exchange and Nasdaq.
The plastic household products manufacturer and distributor Sun Cheong Creative Development Holdings Limited (01781.HK) was listed on the main board of the Hong Kong stock exchange on October 4, becoming the first company listed on the HKEx in the fourth quarter and the 167th Hong Kong-listed company this year. (Edited by Wu Shuang, [email protected])
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