An electronic billboard displays the Hang Seng Index outside HKEX in Hong Kong’s Central district. IPO proceeds in the first quarter dropped 50 per cent year on year in the absence of a blockbuster deal in the city, according to a separate report by KPMG on Wednesday. Photo: Yik Yeung-man
IPO funds raised globally may have plummeted 61 per cent in first quarter amid banking crisis, high inflation, EY says
- In Asia-Pacific, the number of IPOs is expected to decline by 6 per cent, with proceeds slumping by 70 per cent
- While the mainland’s IPO market was affected by Covid-19 lockdowns last year and the country’s sealed borders, Hong Kong was more affected by international events, Asia-Pacific IPO leader at EY says
An electronic billboard displays the Hang Seng Index outside HKEX in Hong Kong’s Central district. IPO proceeds in the first quarter dropped 50 per cent year on year in the absence of a blockbuster deal in the city, according to a separate report by KPMG on Wednesday. Photo: Yik Yeung-man
