Hong Kong consults market on listing rules for specialist tech firms
Pre-commercial companies are subject to a minimum market capitalisation requirement of HK$15 billion ($1.9 billion), while those with annual revenues of HK$250 million are expected to have a capitalisation of at least HK$8 billion at the time of listing.
A version of this article was first published on FinanceAsia.
Hong Kong’s stock exchange operator, Hong Kong Exchanges and Clearing (HKEX), has published a consultation paper outlining proposed changes to its listing rules for specialist technology companies.
The new initiative will be a “game-changer” in terms of opening up the Hong Kong market to more types of companies and modernising its listing regime in line with industry and market developments, Hong Kong-based Clifford C…
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