Hong Kong, NY battle for IPO dominance

|By:, SA News Editor

New York narrowly edged out Hong Kong in the global rankings for IPOs this year, with $24.6B on the NYSE (NYSE:ICE) and Nasdaq (NASDAQ:NDAQ) combined, while Hong Kong had $24.5B. Shanghai came next with about $16B, according to Dealogic.

The numbers were significantly lower than last year. Globally, new listings total $141B in 2016, down a third from last year and the weakest level recorded since 2012.

ETFs: EWH, EWHS, FCHI, FHK

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