A dearth of preliminary public choices in Hong Kong is inflicting corporations to endure money crunches and delay enlargement plans, exhibiting how the steep market downturn is taking a toll on companies that want to lift cash.
The Asian monetary hub was for years the highest worldwide fundraising venue for corporations from China and the broader area and got here near rivaling New York just a few years in the past. However a chronic stock-market droop in Hong Kong and an exodus of international traders have made it exceedingly tough for a lot of corporations to go public. Chinese language regulators have additionally been sitting on many IPO functions, creating one other barrier for companies to beat.
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