HKEX gives IPO issuers flexibility on pricing

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By Jonathan Breen
08 Feb 2018

The Hong Kong Stock Exchange (HKEX) is giving IPO hopefuls more flexibility to price outside of indicative price ranges set during marketing, bringing its listing rules more in line with the US.

The new pricing flexibility mechanism will allow listing applicants to price an IPO as much as 10% below the bottom of the marketing range, according to a guidance letter released by HKEX on Friday.

The new rules mean an issuer can adjust their offer price without having to ...

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