UBS: Some Firms in Middle East, Europe Mulling HK IPOs; 2024 Fundraising May Whop US$6B

　　Some companies from the Middle East and Europe are weighing on initial public offerings (IPOs) in Hong Kong, South China Morning Post reported.

　　The report quoted John Lee Chen-kwok, vice-chairman and co-head of Asia country coverage at UBS, as saying that many international corporate clients from Asia, the Middle East and Europe have expressed interest in listing in Hong Kong.

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　　In particular, after learning that Mainland investors can trade H-shares through the Shanghai-Hong Kong Stock Connect and Shenzhen-Hong Kong Stock Connect, they believe that Hong Kong is a promising IPO market.

　　Lee also projected that the total amount of funds raised by listing in the Hong Kong stock market this year will whop US$6 billion. With the gradual recovery of the IPO market, the relevant figures will further escalate next year.

　　AAStocks Financial News