New York displaced Hong Kong as the world’s top destination for initial public offerings (IPOs) in the first three months of 2017.
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New York Overtakes Hong Kong as Top IPO Destination
Hong Kong's first-quarter value reached an 11-year low, while New York led the way with $9.6 billion in completed deals
New York has displaced Hong Kong as the world’s top destination for initial public offerings (IPOs) of stock during the first three months of 2017. But a single mega-IPO could often swing the fortunes of a stock exchange.
Traders work on the floor of the New York Stock Exchange (NYSE) on June 28, 2016. New York became the
No. 1 exchange in terms of overall IPO value in Q1 2017. Spencer Platt/Getty Images
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Fan Yu
Author
Fan Yu is an expert in finance and economics and has contributed analyses on China's economy since 2015.
