EY's Choi Discusses China, Hong Kong IPOs in 2018, 2019

The transcript discusses the global IPO trends, highlighting a 6.6% increase despite market declines. It explores the impact of market volatility on IPO timing, suggesting it's better to list now due to worsening conditions. The pressure on IPOs has led to reduced sizes and valuations. Cross-border IPOs, particularly involving Chinese firms, are examined, with a focus on the US market's attractiveness. Hong Kong's successful year in IPOs is attributed to major listings like China Tower, with a significant increase in the second half of the year.

What is the overall trend in the global IPO market this year?

• A decrease in IPOs by 10%

• A stable IPO market with no change

• An increase in IPOs by 6.6%

• A decline in IPOs by 6.6%

Why are many companies rushing to list their IPOs despite market volatility?

• To secure funds before investor interest wanes

• To avoid future market improvements

• To increase their stock prices

• To delay their fundraising efforts

What is a significant concern for companies considering IPOs in the current market?

• High stock valuations

• Lack of liquidity to support IPOs

• Overwhelming government support

• Excessive investor interest

How have Chinese companies influenced the US IPO market this year?

• They have avoided the US market entirely

• They have decreased their presence in the US

• They have contributed to 34% of the proceeds

• They have only listed in Hong Kong

What factor contributed to Hong Kong's strong IPO performance?

• A reduction in IPO sizes

• A decline in global market interest

• Successful listings of major companies like China Tower

• A decrease in government regulations