Just six IPOs have been completed this year as of February 18, raising a combined US$1.1 billion. Photo: EPA-EFE
Just six IPOs have been completed this year as of February 18, raising a combined US$1.1 billion. Photo: EPA-EFE

Hong Kong IPO issuers forced to accept lower valuations as geopolitical tension, coronavirus fifth wave sap investors’ demand

  • Surge in Omicron cases and uncertainties linked to threat of a Russian invasion of Ukraine are drying up IPOs in Hong Kong
  • Proceeds raised in first two months of 2022 down 87 per cent from a year ago, as issuers either postpone plans or trim deal size

Just six IPOs have been completed this year as of February 18, raising a combined US$1.1 billion. Photo: EPA-EFE
Just six IPOs have been completed this year as of February 18, raising a combined US$1.1 billion. Photo: EPA-EFE
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