Ventures Dialogue

Hong Kong, having raised US$13.82 billion in the first 10 months this year, has become world’s premier destination for initial public offerings.

According to the World Federation of Exchanges, Hong Kong was ranked No.1 as the largest listing market by fund-raising size, surpassing Shanghai and New York. Shanghai’s IPO take for the year now stands at US$12.37 billion.

The number of offerings this year until last week of November was 62 per cent up on last year, with 47 companies turning to Hong Kong for flotation. It is said that Hong Kong is now seeing investment capital pouring into the listing market “as there is no other way to go due to the low interest rate.”