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Hong Kong set to be ousted by Nasdaq as the world’s biggest IPO market – but still top 3

Source: scmp.com scmp.com
News Snapshot:

Hong Kong is expected to remain among the top three initial public offering (IPO) markets worldwide this year, even though it will soon be dethroned by the US Nasdaq, which will host SpaceX’s jumbo flotation.Hong Kong Exchanges and Clearing’s (HKEX) main board is poised to lose its crown as the world’s largest market for IPOs when billionaire Elon Musk’s commercial aerospace unit is listed on the Nasdaq stock exchange, according to the prospectus filed by SpaceX in New York on Wednesday.The filing did not include information about either the timeline or its size, but US media reports said it was…

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