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المشهد العربي
Hong Kong's offerings hit 2020 high
The initial public offering market in the Hong Kong Stock Exchange has experienced a significant surge in new listings, thanks to billion-dollar deals by technology and artificial intelligence companies. This has led to the highest fundraising returns since 2020. It is expected that Zhongji Enolite will issue shares worth up to $8 billion, marking the largest IPO since Alibaba's offering in 2019. Meanwhile, fashion platform Shein aims to raise between $2 and $3 billion, contributing to a total market fundraise of $46 billion since the beginning of the year—its highest annual level since 2020.
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