IPOs in HK rank No.3 globally

Hong Kong Exchanges and Clearing Limited saw a total of HK$46 billion ($5.93 billion) raised from 23 IPOs during the quarter through March, becoming the world's third largest bourse operator after New York and London, global auditing and consulting firm Deloitte China said Tuesday.

In the rest of this year, there will be three to four large-scale IPOs in Hong Kong, with fundraising amounts reaching over HK$10 billion each, Reuters reported Tuesday, citing Ou Zhenxing, an associate partner of Deloitte China, during a press conference.

Shenzhen Stock Exchange ranked fifth with 42 IPOs raising HK$27.6 billion from January to March, while Shanghai Stock Exchange seized ninth place, according to Deloitte.