HK exchange to startups: we want your business
It proposes new venue that allows firms to list before they've made a profit and permits dual-class shares
Hong Kong
HONG KONG Exchanges & Clearing Ltd is sending a message to startup companies the world over: We want your business.
The bourse operator on Friday proposed the creation of a new exchange that would allow firms to list before they've made a profit and permit dual-class shares, an issue that caused Hong Kong to miss out on Alibaba Group Holding's US$25 billion initial public offering.
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