Hong Kong Equities Look For Brighter 2013

Law360, New York (February 14, 2013, 12:35 PM EST) -- Following its leading role in primary equity capital raising for the previous three years, Hong Kong’s equity markets made a sharp retreat in 2012. Last year’s Hong Kong IPO market likely will be remembered for the following:

A Significant Drop in Capital Raised. According to the Hong Kong Stock Exchange (HKSE), $10.76 billion was raised in IPOs, a 67 percent drop from 2011, and the exchange’s average daily turnover in value terms was down 24 percent for the year. Many of the larger equity deals during...
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