The largest IPO of the year landed on the Hong Kong stock market. What impact will Midea Group’s fundraising of HK$30 billion have on the market?
Jiemian.com
By Liu Chenguang LCG
Petikan
Drew Bernstein, co-founder and co-chairman of MarcumAsia, told Jiemian News that blockbuster deals like Midea Group are crucial to investor sentiment. After the Hong Kong Stock Exchange’s second year of sluggish IPO listings, Midea Group’s strong raise is a positive sign. “However, the fact that Midea Group is already listed on the A-share market and is an industry leader does not mean that investors are taking a more ‘risky’ stance. We have to observe the performance of other new stocks in the coming months before we can judge whether the Hong Kong market will recover or not,” he said.