Hong Kong’s exchange vies to regain top IPO spot, opens US office

The bourse saw a fall of 68% in total IPO proceeds last year compared to 2021, but capital markets have shown signs of recovery.

Sara Velezmoro

January 10, 2023

Hong Kong Exchanges and Clearing (HKEX) has announced the establishment of its first US office in New York. The move is the latest demonstration of the bourse’s determination to regain its top spot among major exchanges, after falling to 10^th place in IPO market rankings in the middle of last year.

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