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Hong Kong IPO debuts slump as investor appetite fades
Seven of September’s 12 IPOs declined on the first day, bringing third-quarter flops to 15 out of 31.
Hong Kong IPO debuts are losing momentum as a heavy pipeline of new listings overwhelms investor appetite, according to SCMP Economy.
Based on Bloomberg data cited by SCMP Economy, seven of September’s 12 IPOs fell on the first day of trading, pushing third-quarter declines to 15 out of 31.
The report contrasts the slowdown with earlier performance, noting there were only 14 declines among 77 debuts in the first half of the year.
SCMP Economy also says Medcaptain Medical Technology led September’s first-.
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