Hong Kong IPO rebound forecast as two Chinese tea firms apply for HKEX listings -- updated

Global consultancy PwC is expecting that total funds raised across 12 months of 2024 on the Hong Kong Stock Exchange HKEX will rebound and reach over HK$100 billion $12.8 billion with over 80 companies expected to list.

IPO fundraising slowed significantly through 2023 with total fundraising on the HKEX at HK$46.3 billion, a year-on-year decrease of 56%. In a press conference on January 9, BNP Paribas noted that Hong Kong had seen the largest number of share buybacks on record at $16.2 billion in 2023. 

The healthcarelife science sector was the second largest sector, raising HK$9.4 billion with HK$4 billion...