Jul
08

Hong Kong IPO Bankers Face Long Summer as Stock Rout Widens

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It’s looking like a dry summer for Hong Kong bankers, as a widening Chinese market rout threatens a revival in the city’s new listings.

First-time share sales in the city jumped 50 percent in the six months to June to $17.8 billion, the busiest first half in at least a decade, Bloomberg-compiled data show. Chinese firms traded in Hong Kong entered a bear market this week, hurting potential listings of companies including the first Sino-foreign investment bank and China’s biggest convenience store chain…

Hong Kong IPO Bankers Face Long Summer as Stock Rout Widens

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