Hong Kong welcomed 10 specialist technology company listings during the first five months of the year, helping the firms collectively raise over HK$25 billion, The Standard reported Thursday, citing the head of the city's bourse.
According to Hong Kong Exchanges and Clearing (HKG:0388) chief executive Bonnie Chan Yi-ting, proceeds from Hong Kong's initial public offering market reached HK$150 billion during the January to May period, while equity markets helped companies raise more than HK$40 billion.
Meanwhile, the average daily turnover on the Hong Kong stock exchange advanced to HK$293 billion in May, Chan said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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