Asian IPO markets hamstrung by coronavirus spread

Hong Kong Stock Exchange adobe 230x150
By Jonathan Breen
13 Feb 2020

Asian IPOs are suffering as the spread of Covid-19 (the coronavirus) accelerates, with the flow of Chinese listings in Hong Kong having slowed to a standstill. Bankers are looking into any solutions, but the curb of face-to-face contact is hanging over the world’s busiest stock exchange. Jonathan Breen reports.

Hong Kong’s primary equity capital market was looking strong in early 2020, amid a rush of fundraising before the early Chinese New Year holidays and earnings reporting periods. The HKEX had hosted 21 IPOs before the shutdown, according to Dealogic data. But with the New Year celebrations finished ...

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