Delistings outnumber IPOs by value in Hong Kong so far this year

 

 Delistings outnumber IPOs by value in Hong Kong so far this year

HONG KONG -- Depressed share prices and China's economic downturn trigger delistings in Hong Kong that far outweigh the value of companies going public.

As of the end of June, 14 Hong Kong-listed companies have announced moves to delist in the first half of the year. One has completed the process, in a deal worth $8.5 billion, according to Dealogic data. That is more than the $1.7 billion raised by 30 companies that went public during the same period.