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HK retail stock buyers pile US$163b into IPOs

Small investors in the city are jumping at the chance to buy into higher-growth industries like tech

Published Mon, Nov 20, 2017 · 09:50 PM
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Hong Kong

MOM-and-pop investors haven't been this crazy for Hong Kong initial public offerings since 2009.

Hong Kong retail stock buyers placed orders for US$163 billion worth of equity in this year's major deals, according to data compiled by Bloomberg. That's equal to more than three-quarters of the territory's monetary base. The most popular was China Literature Ltd, a local take on Amazon.com Inc's Kindle Store that's risen 77 per cent since it started trading this month.

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IPO

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