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Hong Kong Exchange Square in Hong Kong / Credit: Urban Napflin/Shutterstock.com.

Shearman & Sterling has for years been a major player in the Hong Kong IPO market. But this year, the Wall Street firm saw a problem: the number of initial public offerings (IPOs) in Hong Kong had dropped dramatically.

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John Kang

John Kang covers the business of law in Asia and Australia from Hong Kong. Email him at jkang@alm.com.

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