Hong Kong's secondary offerings this year already near 2020 total

Investors, flush with cash, drive record share sales of $47bn

20210503 HONG KONG secondary offerings

Technology stocks accounted for half of Hong Kong's secondary offerings in the first four months of 2021, followed by health care, the automobile sector and consumer products. © Reuters

NARAYANAN SOMASUNDARAM, Nikkei Asia chief banking and financial correspondent

HONG KONG -- Sales of shares in Hong Kong by already-listed companies have enjoyed their best-ever start to a year as issuers tap ample global liquidity and investors' hunger for Chinese assets.

The sell-down of stakes by major shareholders, and follow-on share and convertible offerings from Jan. 1 to April 26, 2021, already reached $47 billion, nearly matching the $47.8 billion raised in all of 2020 and almost four times the deal volume during the same period last year, according to data compiled by Dealogic.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.