Hong Kong eases listing thresholds for tech firms, SPAC deals in fresh tonic for IPO market

Quick Summary:

Modifications to Chapter 18C and special-purpose acquisition company requirements will apply for three years from September 1, a move to boost the inclusivity and dynamism of HKEX’s listing framework.

HKEX is also loosening the rules in an attempt to give investors in SPACs wider room to manoeuvre.

The move will be a much-needed tonic for the city’s stock market, which has fallen on hard times since the social unrest in 2019 and the Covid-19 pandemic in the ensuing three years.

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Article Details

Author / Journalist: Enoch Yiu

Category: Business

Markets: Hong Kong

Topics: According Hkex Hong Rules Companies Listing Market Investors Spacs Lower Statement

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-23 @ 21:12:03 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: scmp.com

Language: English

Article Length: 606 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © SCMP

News ID: 22228922

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