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Hong Kong retains top spot for IPOs in third quarter despite market rout

2015-09-27 20:11:59| IT Services - Topix.net

Seventeen IPOs in third quarter raised US$2.64b, down 75.4pc on second quarter, but still enough to fend off Shanghai and New York for No1 spot China Railway Signal's IPO is celebrated by chairman Zhou Zhiliang, though pricing was hurt by weak market sentiment. Photo: Jonathan Wong Hong Kong still leads the world in initial public offerings this year despite a market rout that led to third-quarter capital fund-raising exercises hitting a two-year low, according to Thomson Reuters data.

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