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Hello reader,
One of – if not the best – things about working at Tech in Asia is getting to learn all the time.
Case in point: In editing this week’s Big Story, I learned that the Hong Kong Stock Exchange is the world’s leading exchange in terms of money raised so far this year. I would have naively assumed it was the New York Stock Exchange or the Nasdaq.
As the story dives into, the US may be a thing of the past for Chinese tech firms seeking overseas expansion. They’re instead voting in favor of listing in Hong Kong. Geopolitical tensions with the US are largely to blame, but the liquidity on offer in Hong Kong is also a big draw.
That shift says a lot about how the global tech landscape is constantly evolving and how companies are adapting in real time.
It’s also a reminder that businesses not only need to have a strategy about where they grow, but also where they raise.
— Peter Cowan
THE BIG STORY
Hong Kong replaces Wall Street as China’s IPO hotspot
Hong Kong / Photo credit: leungchopan / 123RF
As US markets become virtually inaccessible to Chinese companies, Hong Kong has emerged as the new IPO capital for firms like CATL and Mixue, who are seeking overseas expansion.
3 Trends to keep an eye on
Hot stocks, earnings reports, restructuring, pressure from activist investors, and more.
Shein’s pop-up shop in Vancouver / Photo credit: Shein
2 Eye-popping facts
The one you didn’t see coming
Tickets are selling fast – secure your access before they’re gone
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