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China to dominate world IPO league in 2020: report

Hong Kong and Shanghai stock exchanges expected to rank second and third

The logo of KPMG is displayed at an event in Paris.

China will probably be home to three of the world's top five stock exchanges that generate the most money from new listings this year, a new report showed.

The Hong Kong and Shanghai stock exchanges are expected to rank second and third among global exchanges for the amount of "IPO proceeds," consisting of funds raised from IPOs and secondary listings, generated in 2020, behind only the Nasdaq, according to estimates by KPMG International.

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