KPMG expects Hong Kong’s initial public offering market to raise less money next year amid uncertainty over an impending interest rate hike in the United States.
The total could be as much as HK$10 billion (US$1.29 billion) lower than this year’s estimated HK$260 billion, the Hong Kong Economic Journal reports, citing KPMG partner Maggie Lee.
About 100 companies are expected to make their market debut in 2016.
Up to 20 will be seeking at least HK$5 billion each, Lee said.
Most of the candidates will come from the financial, medical and environmental protection sectors.
New listings on the Growth Enterprise Market may be hit by tighter rules to prevent excessive volatility on the secondary board.
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