Deloitte said at a press conference on June 22, that the Hong Kong Exchanges (HKEX) ranked ninth in the world in terms of Initial Public Offering (IPO) capital raised in the first half of this year. The number of IPOs in Hong Kong in the first half of this year fell 48 percent to 24, compared to the same period last year, and the amount of funds raised plunged 92 percent year-on-year to $17.8 billion (US$2.27 billion).
The top five global IPO capital raisers in the first half of 2022 were Shanghai Stock Exchange, Shenzhen Stock Exchange, Korea Exchange (KRX), Dubai Financial Market PJSC, and National Stock Exchange of India. In addition to HKEX, New York Stock Exchange, NASDAQ and London Stock Exchange were not among the top five global IPOs. During the period, the global top ten IPO funds raised dropped by 25 percent compared to the previous year….