Hong Kong's IPO naming and shaming hits new low
Hong Kong
HONG KONG'S latest IPO shaming is particularly embarrassing, and will send a useful message to other companies and investment banks.
AMTD Strategic Capital, a corporate insurance brokerage, is the sixth company to be singled out for having had an application for an initial public offering on the main board rejected by the Stock Exchange of Hong Kong. The bourse, part of Hong Kong Exchanges and Clearing, said the filing was "substantially incomplete". The IPO could have raised US$200 million, Thomson Reuters publication IFR has previously reported.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
UBS weighs synthetic risk transfer amid capital boost proposals
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results