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Hong Kong's IPO market is still in a slump despite an expected rebound - TL;DR CNBC

Hong Kong's IPO market is still in a slump despite an expected rebound

Publishing timestamp: 2023-11-05 19:39:41


Summary

Hong Kong's IPO market remained weak in the third quarter of 2023, failing to rebound as analysts had predicted. The recent IPO debut of J&T Express was lackluster, and overall, the IPO market in Hong Kong has seen a significant drop in deal count and proceeds compared to the previous year. The stock market in Hong Kong has also been performing poorly, and the general sentiment has not yet recovered. The article mentions the struggles of the global economy and proposes measures to enhance the appeal of the market.


Sentiment: NEGATIVE

Tickers: UNDEFINED.HSI

Keywords: hang seng indexasia economybusiness newszhejiang leapmotor technology co ltdmergers and acquisitions

Source: https://www.cnbc.com/2023/11/06/hong-kong-ipo-market-is-still-in-a-slump-despite-an-expected-rebound.html


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