EconomyHong Kong IPO boom at risk as cornerstone investors turn cautious, sources say
Enthusiasm among cornerstone investors in Hong Kong’s booming IPO market appears to be waning, prompting some issuers that planned to list this month to postpone offerings. More than 60 per cent of third-quarter new listings are trading below their issue prices, leading investors who typically get guaranteed allocations in return for a six-month holding period to reconsider upcoming deals, people said.
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South China Morning Post★★☆☆☆2026-10-08 08:11Original
Hong Kong IPO boom at risk as cornerstone investors turn cautious, sources say
Economy