The Hong Kong Exchanges and Clearing Limited’s Connect Hall is shown in Central. Photo: Sam Tsang

Hong Kong’s first-quarter IPOs generate biggest returns in four years as bull market builds up

  • Two big reasons behind surge: Fewer IPOs and overall strength of market
  • CStone Pharmaceuticals led returns with 31 per cent in first month
Topic |   IPO

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The Hong Kong Exchanges and Clearing Limited’s Connect Hall is shown in Central. Photo: Sam Tsang
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Pedestrians pass in front of the Nasdaq MarketSite in the Times Square neighbourhood of New York on March 15, 2019. Photo: Bloomberg

Hong Kong set to lose IPO crown to Nasdaq, thanks to ride-hailing app Lyft

  • Nasdaq is poised to become the leading IPO market worldwide in the first quarter
  • The New York Stock Exchange could emerge as the world’s top market for listings later this year with an expected debut by Uber Technologies
  • Cryptocurrency play Bitmain cancels share sale in Hong Kong amid lay-offs and leadership reshuffle
Topic |   IPO

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Pedestrians pass in front of the Nasdaq MarketSite in the Times Square neighbourhood of New York on March 15, 2019. Photo: Bloomberg
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