Hong Kong leads world in IPOs for 2018, driven by tech listings

Looser rules encourage big stock debuts around Asia

20181219N Xiaomi IPO

Xiaomi founder, Chairman and CEO Lei Jun hits the gong during the listing of his company on the Hong Kong Stock Exchange on July 9. © Reuters

TAKESHI KIHARA, Nikkei staff writer

HONG KONG -- The crown for the world's top IPO market returned to Hong Kong in 2018, thanks to debuts by major Chinese technology companies won amid fierce global competition.

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