The Hong Kong stock exchange is tipped to raise a total of HK$450 billion through 95 initial public offerings this year, marking the second year in a row of topping the global listing league.
Ernst & Young also forecasts it will raise at least HK$400 billion next year, as more mid-sized mainland firms continue to flood in to float shares.
“There may be more than 100 initial public offering deals in Hong Kong next year, mostly the medium- sized companies, since most of the Chinese giants are listed already,” said Ernst & Young China South regional managing partner Ringo Choi.
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