China's regulatory crackdown a drag on HK's IPO buzzing pipeline

China's regulatory crackdown a drag on HK's IPO buzzing pipeline

Didi’s shares are trading 14.5% below the U.S. IPO price.

Hong Kong’s buzzing IPO pipeline is likely to taper off in the second half of 2021, as Chinese firms temper their expectations for valuations amid a drastic regulatory crackdown in the mainland, dealmakers said.