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Nikkei Markets

HKEX sees 'big' virus impact on new listings after bittersweet year

Exchange remained world leader in IPOs in 2019 but failed in an ambitious takeover bid

Budweiser Brewing Co. APAC raised over 45.1 billion Hong Kong dollars in one of the city's biggest listings last year.   © Reuters

HONG KONG (Nikkei Markets) -- Hong Kong Exchanges & Clearing sees the coronavirus having a large impact on new initial public offerings in the first half of 2020 after an eventful year, during which the market operator's role as a gateway connecting China with the world paid dividends but an ambitious takeover plan failed to fructify.

The exchange, which last year retained its crown as the world's largest marketplace for new stock flotations, had 21 IPOs in January before the virus outbreak gained global proportions.

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