Bronze bulls outside the Hong Kong Stock Exchange at Exchange Square in Hong Kong’s Central district, pictured in May 2019. Photo: SCMP/ Warton Li
Bronze bulls outside the Hong Kong Stock Exchange at Exchange Square in Hong Kong’s Central district, pictured in May 2019. Photo: SCMP/ Warton Li

Hong Kong IPO forecast slashed in half, as PwC expects 2022 proceeds to shrink 40 per cent amid tumbling valuations

  • The accounting firm cut its forecast for 2022 by half amid a worsening economic outlook and dismal first-day returns so far
  • PwC expects the number of deals to fall from 120 last year to 80 this year, as GoGoX moves forward with its IPO despite much lower expectations

Bronze bulls outside the Hong Kong Stock Exchange at Exchange Square in Hong Kong’s Central district, pictured in May 2019. Photo: SCMP/ Warton Li
Bronze bulls outside the Hong Kong Stock Exchange at Exchange Square in Hong Kong’s Central district, pictured in May 2019. Photo: SCMP/ Warton Li
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