Asian exchanges compete for IPOs of new economy companies

Author: | Published: 2 Apr 2018

Hong Kong is set to shelve its ban on weighted voting rights to attract new economy companies

The fast-growing new economy companies in China, which prefer to adopt a weighted voting right (WVR) structure, face restrictions in listing their equity securities in China. When these companies have advanced to a stage that requires large scale capital fundraisings, listing their equity securities outside of China becomes an attractive option for them. Historically, however, these companies must either abolish their WVR structures in order to be eligible to list their equity securities in Hong Kong, or (for those who refuse to compromise on the founders' control over the company), choose other listing venues such as those in the US....


 

 

close Register today to read IFLR's global coverage

Get unlimited access to IFLR.com for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice

register

*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb

register