Hong Kong has priced the first public float in the world to raise more than $1bn in 2016, marking the slowest start to a year for initial public offerings since the financial crisis in 2009.
Hong Kong is top of the global rankings after China’s Zheshang Bank yesterday raised $1.7bn from its IPO.
So far IPOs globally have raised $12.8bn, according to Dealogic — one-third of last year’s total by this point — as January’s market turmoil rattled investor nerves.
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