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.