The number of listings in Hong Kong during the first seven months of the year surged 33% when compared to a year earlier, Hong Kong's The Standard reported Wednesday.
A total of 53 companies listed in the city during the January to July period, raising HK$127.9 billion in proceeds -- more than sixfold when compared to last year, the report said, citing Hong Kong Exchanges and Clearing (HKG:0388, HKG:80388) data.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.