IPO

Hong Kong prepares to close year on a high with deals set to boost IPO ranking

Hong Kong is gearing up for an end-of-year listings push with two big initial public offerings that could vault the city’s exchange into second place globally this year from fourth.

The listings would leave Hong Kong trailing New York, but ahead of London and Nasdaq.

Last week CGN Power, China’s biggest nuclear operator, filed its IPO prospectus in Hong Kong, joining a queue that includes the country’s biggest commercial property developer, Dalian Wanda Commercial Properties.

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