Hong Kong IPOs lift global cross-border listing activity

Singapore

MONEY raised from global cross-border initial public offerings (IPO) - companies not listing on their domestic exchange - fell 24 per cent to US$20.6 billion in the first half of 2015 compared to a year ago.

But within this segment, Asia-Pacific was a bright spot due primarily to China companies listing in Hong Kong. Some US$15.6 billion of capital was raised by 23 cross-border IPOs in the region in the first half of 2015, up 75 per cent from a year ago.