KPMG downgrades Hong Kong’s 2024 IPO fundraise estimate to HK$60bn

Geopolitics, interest rates and investor appetite will continue to weigh on the city’s bourse, lagging US peers along its IPO recovery journey. Meanwhile, from September, traders will be able to trade during typhoons.

Ryan Li

June 18, 2024

Global consulting firm KPMG anticipates that the total proceeds raised through initial public offerings (IPOs) on the Hong Kong Stock Exchange (HKEX) will be HK$60 billion ($7.7 billion) in 2024, said Louis Lau, capital markets partner at KPMG China.

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