IPO fever hits HK's market as 1-in-20 people try to buy

IPO fever hits HK's market as 1-in-20 people try to buy

Hong Kong. Photo by Chester Ho on Unsplash

Hong Kong demand for new share sales has hit fever pitch, with 417,000 people applying for lots in Tencent Holdings Ltd.’s online bookstore unit — more than 5 percent of the city’s population.

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