Exchange Publishes Consultation Paper on Proposals to Optimise IPO Price Discovery and Open Market Requirements

The Stock Exchange of Hong Kong (HKEX) has published a consultation paper proposing reforms to enhance IPO price discovery and open market requirements to strengthen Hong Kong’s competitiveness as a listing hub. Key proposals include optimizing the price discovery process, revising public float and ongoing float requirements, offering flexibility for A+H issuers, and modifying IPO pricing mechanisms. The consultation, which seeks market feedback, will run until 19 March 2025. Changes are intended to attract high-quality issuers and improve liquidity, transparency, and investor access, ensuring Hong Kong remains a leading capital-raising center.

Resources: https://www.hkex.com.hk/News/Regulatory-Announcements/2024/241219news?sc_lang=en