Hong Kong’s equity capital markets are perking up, after a punishing first half for what has long been one of the world’s largest venues for stock issuance.
A recovery in initial public offerings and other share sales would be welcome news for the many companies eager to tap investors in the city for funds. It would also be a boost for global investment banks, after a lean period in which they have brought fewer companies to market, often via much smaller deals than in the good years.
