The rush of filings comes as the Hong Kong bourse has been taking steps to relax IPO requirements for mainland-listed companies to sell shares in the city. China’s securities regulator has also been encouraging the nation’s firms to list in Hong Kong, unveiling a package of measures to bolster the city’s position as an international financial hub.
A slew of companies have announced plans to list shares in Hong Kong over the next month in a further sign the city’s IPO market is reviving.
At least six firms have said they intend to hold initial public offerings in the city by late January, raising a combined HK$3.3 billion ($578 million), based on exchange filings Tuesday. These include Chinese toy-maker Bloks Group and autonomous vehicle tester Beijing Saimo Technology..
