2024 was a rebound year for Hong Kong's IPO market

2024 was a rebound year for Hong Kong's IPO market

FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong, China January 24, 2018. REUTERS/Bobby Yip/File Photo

Investors in the Hong Kong IPO of Chinese cosmetics firm Mao Geping Cosmetics Co. Ltd. got an early Christmas present on Dec. 10 when the company made its debut — the shares rose as much as 92% before closing the day 77% higher.

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