News Snapshot:
According to the data compiled by Bloomberg, the total volume raised in Hong Kong IPO market in the first half of 2022 was USD 2.7 billion from 27 deals, a 91.3% drop from the same period last year when the total volume was at USD 31 billion in the midst of COVID-19 pandemic. Volumes in the second quarter of 2022 was particularly low, with only USD 0.8 billion in offerings, the lowest number for a quarter for the last decade. Meanwhile, China’s A share IPO market volume surpassed the US for the first time, making China the world’s largest IPO...
