Singaporean Firms Shine Among Hong Kong IPOs
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Hong Kong’s small-cap listings are experiencing outsized gains on their debuts, and none more so than Singaporean companies.
Four of them have gone public in Hong Kong in the second half of this year, opening 55% higher than their offer price on average and ending their first day up 58%, according to data compiled by Bloomberg. That compares with a 25% opening jump and 21% first-day rise for non-Singaporean firms.