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Australia Beats Hong Kong in IPOs for First Time Since 2019

November 1, 2021
Source: bnnbloomberg.ca bnnbloomberg.ca
News Snapshot:
(Bloomberg) -- The market for initial public offerings in Sydney has been on a tear, with the amount of deals priced last month surpassing that in Hong Kong for the first time in over two years. Twenty companies raised a total of about $3.5 billion in Australia in October, the highest monthly value since November 2014. That compares with $732 million booked in three deals in Hong Kong, the lowest amount for a month since April 2020. Australia’s strong performance is likely to continue, as the fourth quarter is usually the busiest for IPOs in the country. Several big-ticket deals...
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