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Deloitte Expects HK IPO Fundraising to Rank 1st Globally This Yr; Regulating Board Lot Benefits Liquidity
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Edward Au, Southern Region managing partner at Deloitte China, predicted that Hong Kong's IPO fundraising will increase by 227% YoY to $286.3 billion this year, ranking first globally. During the period, a total 114 IPOs were completed, up 63% YoY. HKEX (00388.HK) recently published a consultation paper on proposed simplification to the board lot framework. Au said that the new proposal reflects HKEX's desire to boost market sentiment, as institutional investors typically hold company shares for the long term. Regulating board lot sizes can lower the participation threshold for retail investors and increase stock liquidity. Although companies may find it more challenging to manage investors, increased liquidity is also beneficial for company valuations. Meanwhile, the proposal also aligns more closely with practices of exchanges in other countries, integrating with international standards. AASTOCKS Financial News Website: www.aastocks.com |
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