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Coronavirus

Coronavirus disrupts Chinese companies' IPO plans in Hong Kong

Travel bans in region hamper global investor meetings for share sales

A flag bearing the logo of Hong Kong Exchanges & Clearing in Hong Kong. Hong Kong was the world's largest equity-raising hub in 2019, boosted by the $13 billion secondary listing of Alibaba Group Holding.   © Reuters
NARAYANAN SOMASUNDARAM, Nikkei Asian Review chief banking and financial correspondent | China

HONG KONG -- Hong Kong, the world's largest IPO market for four of the past five years, including 2019 and 2018, is bracing for a hit from the spreading coronavirus epidemic with mainland China-based aspirants deferring investor roadshows or delaying listing plans as travel bans in the region begin to bite.

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