Trade war truce brings little comfort to ECM as issuers remain sceptical

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By Christie Ou
06 Dec 2018

The US and Hong Kong IPO markets saw a raft of companies trying to catch the last window for their listings before the year end, as the short-lived rally from the US-China trade war ceasefire did little to reassure ECM bankers and investors, writes Christie Ou.

This week was unusually busy for IPOs, despite Christmas being just around the corner and equity markets globally remaining weak. In the US, Tencent Music Entertainment hit the road for its chunky New York Stock Exchange listing, while the Hong Kong market too had a flurry of deal ...

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