With Brazil’s Vale listing in Hong Kong, will the region become a meaningful international listing destination for Latin American issuers? Thomas Vita (pictured) and Julian Chung report
While the path north to New York is well trod by some of Latin America’s largest companies seeking to list their equity internationally, Vale’s secondary listing of its common and preferred shares in the form of Hong Kong depositary receipts (HDRs) on the Hong Kong Stock Exchange (HKEX) in December last year has caused many to ask whether the HKEX is a meaningful international listing destination for other Latin American companies.
