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

TOP PICKS

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
READ FULL ARTICLE