HONG KONG - After a lean couple of years, bankers in Asia are seeing signs of a recovery in initial public offerings (IPOs).
The number of Chinese firms considering public flotations in Hong Kong is increasing as the benchmark Hang Seng Index heads for its first annual gain since 2019. India has already notched up a record year in terms of funds raised from share sales, with more planned, while blockbuster deals are lighting up Tokyo's stock market.
Although the overall value of share sales in Asia may end 2024 below 2023's level, partly due to Beijing throttling the number of IPOs on mainland Chinese exchanges, dealmakers are optimistic that 2025 will likely show improvement as Hong Kong's market picks up.
Among Chinese companies considering selling shares in Hong Kong are drugmaker Jiangsu Hengrui Pharmaceuticals, Chery Holding's automotive unit, condiment maker Foshan Haitian Flavouring & Food, Chinese express delivery company SF Holding and online retail platform Dmall.
Esta historia es de la edición November 13, 2024 de The Straits Times.
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Esta historia es de la edición November 13, 2024 de The Straits Times.
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