HK IPOs expected to boom this year, says PwC
By Gao Changxin in Hong Kong | China Daily | Updated: 2013-07-03 05:44
Hong Kong will be the world's third-biggest initial public offering market this year, with up to HK$150 billion ($19.3 billion) to be raised by as many as 80 companies, accounting firm PricewaterhouseCoopers LLP said on Tuesday.
That is almost double the HK$89.9 billion raised last year by 64 companies, the lowest since the financial crisis hit in 2009.
The market didn't get off to a good start this year. Only 23 companies went public in Hong Kong in the first half, compared with 32 listings in the first half of last year.
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