Hong Kong IPOs dry up as Ukraine tension, Covid fifth wave sap demand

Companies looking to raise funds through initial public offerings in Hong Kong are having to settle for lower valuations as uncertainties stemming from geopolitical tensions, the coronavirus pandemic and China’s new rules for offshore listings curb investors’ appetite for new shares.The number of IPOs and proceeds raised in Hong Kong in the opening weeks of 2022 have plummeted from a year ago.Many new issuers and their bankers are postponing their deal launches as they wait for market…

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