A bull run in Hong Kong’s stock market has helped raise valuations and improve sentiment among investors, feeding a recovery in fundraising activities on the local bourse and its peers in mainland China, according to JPMorgan.
As such, new listing candidates are becoming more reasonable about their expectations for initial public offering (IPO) pricing, according to Sjoerd Leenart, the US bank’s head of Asia-Pacific region. Capital-hungry technology start-ups are also likely to be a key growth driver in the primary market, he added.
Source: TRADE FINANCE
