Hong Kong IPO outlook 2023: back from the brink

After a miserable 2022 with total fundraising dropping almost 70%, the market consensus is that Hong Kong’s initial public offering (IPO) market will get better in the New Year largely driven by a more friendly macro environment at home and abroad. How strong of a rebound will depend on how much policy certainty China can provide to international investors, and how volatile the global market will be amid a potential recession. In what has emerged as an unprecedented market downt…