China’s Tech Crackdown Is Cooling Hong Kong’s IPO Market
New Hong Kong listings tumbled to their lowest since the aftermath of the global financial crisis, as weaker markets and Chinas clampdown on its biggest tech firms chill sentiment.
Just seven companies have gone public in the second quarter so far — on track for the fewest since 2009, according to data compiled by Bloomberg. The muted second-quarter activity stands in sharp contrast to the rush to go public
seen last year or even at the start of 2021.
First-day performances have also struggled:…
