With only 12 listings, Hong Kong’s IPO market sees quietest Q1 since 2009

With only 12 listings, Hong Kong’s IPO market sees quietest Q1 since 2009

FILE PHOTO: A man walks past a screen displaying the Hang Seng Index at Central district, in Hong Kong, China March 21, 2023. REUTERS/Tyrone Siu/File photo

Hong Kong’s stock exchange has experienced its quietest first quarter since 2009, with only 12 new listings raising a mere HK$4.7’billion ($600 million), marking a significant downturn in the city’s IPO activity.

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