Hong Kong’s exchange vies to regain top IPO spot, opens US office

Hong Kong Exchanges and Clearing HKEX has announced the establishment of its first US office in New York. The move is the latest demonstration of the bourse’s determination to regain its top spot among major exchanges, after falling to 10^th place in IPO market rankings in the middle of last year.

In 2022, Hong Kong’s main board saw 90 listings 89 new listings plus one transfer from GEM raise a total of HK$104.6 billion $13.4 billion, according to HKEX data. This is down from 98 IPOs -9% and HK$328.9 billion -68% in total proceeds, in 2021.

Nonetheless, a rush of listings...