Hong Kong to ride IPO wave as global investors pour in, JPMorgan says
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The local bourse, buoyed by regulators' efforts to promote fundraising, has made a strong comeback this year and is currently leading the race for the title of the world's largest IPO market.
'There is a strong pipeline of IPOs that we expect to come to the market over the course of this year,' Paul Uren, JPMorgan's head of investment banking in Asia-Pacific, told the Post in Shanghai.
'There are some very high-quality companies that investors want access to. Global investors are diversifying their allocations and they are seeking to increase their exposure to other markets, including Japan, Hong Kong, [mainland] China and India.'
Uren made the remarks last week as JPMorgan held its annual Global China Summit, a two-day event ending on Friday that drew more than 2,800 company executives, regulatory officials and institutional investors from around the world.
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