Firms review strategies as HK IPO numbers fall
Firms have been slashing their fees in order to win the ECM work
Hong Kong initial public offering (IPO) listings have long held the position of a necessary evil for international law firms in the city. It is widely recognised that they are a good way for firms to get name recognition with banks and build a brand in the region, but competition and the ongoing instability in equity capital markets have meant firms are looking at changing their strategies on IPO work.
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