Hong Kong's status as a global initial public offering venue rose to fourth place from eight a year earlier, The Standard reported Thursday, citing Deloitte China.
The city's improvement comes after Midea's (HKG:0300, SHE:000333) HK$31 billion IPO, the world's largest IPO this year, The Standard said.
The listing catapulted Hong Kong's total proceeds to HK$50.9 billion across 45 listings so far in the first three quarters, the report said.
In 2021, Hong Kong welcomed 98 newly listed firms and raised HK$328.8 billion, according to The Standard.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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