PRINT THIS PAGE Hong Kong IPO Market Year End Review for 2004 and Outlook for 2005 14/03/2005. Source: PricewaterhouseCoopers.
The value of Hong Kong IPOs will reach a record high of HK$138 billion in 2005, compared with about HK$95 billion in 2004, said PricewaterhouseCoopers in its outlook for 2005. The 2004 review showed clear signs of Hong Kong's economic recovery. The total number of IPOs in 2004 was 70, a decrease from the 73 in 2003. However, the amount of funds raised via IPOs accounted for about 36% in 2004 (vs. 28% in 2003) of the total equity funds (HK$266 billion as of 15 December 2004) raised in Hong Kong.
The remaining 64% were contributed primarily by placements, rights issues and consideration issues of existing listed companies. The proportion of funds raised through IPO in 2004 has increased compared to 2003 whereas the amount of funds raised has increased.
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