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[IPO Monthly Report] The Hong Kong IPO market saw a surge in subscription popularity and a significant decrease in the rate of IPOs breaking below the issue price in June. The expectations of the "Big Four" were mixed with both sorrow and joy.
In the first half of 2024, Hong Kong's IPO market continued its recent sluggish trend due to external market factors, global economic uncertainty, and cautious investor sentiment. The "Big Four" lowered their forecast for Hong Kong's annual IPO fundraising at the beginning of the year, but PwC expects Hong Kong's new IPO fundraising to exceed HKD 100 billion this year. PwC stated that the reduction in bearish factors, high demand for funding for business development, and the end of the interest rate hike cycle will bring back funds from Europe, America, and the Middle East to Asia, which is beneficial for market liquidity and valuation improvement. After six months of market baptism, PwC finally gave in and lowered Hong Kong's...
Cloud Factory Technology Slumps 17% in Hong Kong Debut
Cloud Factory Technology Holdings (HKG:2512) tanked on its Friday trading debut on the Hong Kong Exchange. After opening at HK$4.37 per share, the company closed at HK$3.80 per share, down 17.4% from
Cloud Factory Technology Is Engaged in AI Tech, Edge Computing Services
Cloud Factory Technology Is Engaged in AI Tech, Edge Computing Services
Cloud Factory Technology Extends Losses, Last 7.2% Lower
Cloud Factory Technology Extends Losses, Last 7.2% Lower
Cloud Factory Technology Shares Fall 5.0% to HK$4.37 in Pre-Trading Session on Hong Kong Debut
Cloud Factory Technology Shares Fall 5.0% to HK$4.37 in Pre-Trading Session on Hong Kong Debut
Express News | Cloud Factory Technology Holdings - Final Offer Price Under Global Offering HK$4.6 per Offer Share
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