Ant IPO failure leaves billions on table for other Chinese listings

Share offerings accelerated to tap into $35bn that flooded into Hong Kong

20201112 HKEX

Several companies are advancing IPO plans in Hong Kong, to take advantage of what one person calls an "avalanche of liquidity" after Ant Group shelved its listing. © AP

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

HONG KONG -- The shelving of Ant Group's huge initial public offering has come as a boon for scores of other companies lining up to list in Hong Kong.

They are keen to capture some of the $35 billion that flooded into the city to be invested in Ant -- and is now looking for another home.

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