A Law.com International analysis shows that British firms are losing out to their U.S. rivals for work on Hong Kong IPOs—a market they once dominated. But U.S. firms also face stiff competition: Chinese firms dominated the Hong Kong IPO market in 2021, taking the lion's share of the work.
April 07, 2022 at 04:48 PM
4 minute read
Asia Editor
Out of the top 10 international firms that advised on the 82 Hong Kong Stock Exchange IPOs filed last year and completed by March 2022, only two were U.K.-based firms—a sign that British firms are losing the fight for a share of the Hong Kong initial public offerings market—a market they once dominated.
U.S. firms fared a lot better, but even they face stiff competition for Hong Kong IPOs: An analysis by Law.com International has found that Chinese firms are taking the lion’s share of the work.
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