China Literature Limited co-chief executive officers Liang Xiaodong (left) and Wu Wenhui (right) at its IPO on November 8. But with the lack of any real blockbuster floats, especially hi-tech listings, in the city this year, there has been little to toast and Hong Kong now looks to have lost its top IPO global ranking, slipping to third behind New York and Shanghai. Photo: AFP

Hong Kong set to lose global IPO crown to New York and Shanghai as fundraising halves

Hong Kong looks to have lost out to New York and Shanghai this year, with Thomson Reuters ranking the city third, while ‘old economy’ listings continue to dominate locally and hi-techs choose elsewhere to float

Topic |   IPO

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China Literature Limited co-chief executive officers Liang Xiaodong (left) and Wu Wenhui (right) at its IPO on November 8. But with the lack of any real blockbuster floats, especially hi-tech listings, in the city this year, there has been little to toast and Hong Kong now looks to have lost its top IPO global ranking, slipping to third behind New York and Shanghai. Photo: AFP
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Enoch Yiu

Enoch Yiu

Enoch joined the Post as a business reporter in 1996. Before that, she worked at a Chinese daily newspaper for four years. She is author of two books: 'They Mean Business: 50 exclusive interviews with Hong Kong top executives' and 'Serving with Passion: stories of established catering brands in Hong Kong'.