Hong Kong Stock Exchange to lower listing threshold for special technology companies – report

 

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The Hong Kong Exchanges and Clearing, the operator of the Hong Kong Stock Exchange, plans to lower the proposed listing threshold for Specialist Technology Companies, local newspaper South China Morning Post reported citing people with the knowledge of the matter, in a move to keep the city’s attractiveness as IPO destination.

The minimum valuation threshold for such companies that do not record revenue will be lowered to between HK$10 billion and HK$12 billion, from HK$15 billion previously, according to the report.

For companies that have a sales amount of at least HK$250 million in the financial year prior to the IPO, the minimum valuation requirement will be lowred from HK$8 billion to between HK$4 billion and HK$6 billion.

The latest HK Budget had mentioned that HKEX will implement the listing regime for Specialist Technology Companies this quarter.