Hong Kong's booming initial public offering (IPO) market is facing uncertainty as cornerstone investors begin to withdraw their support. This hesitation has led to at least one IPO being postponed, with bankers now working to secure new investors for upcoming listings. The shift in sentiment among cornerstone investors, who typically commit to holding shares for six months, is attributed to a significant portion of recent listings trading below their issue prices. AI
RANK_REASON News about IPO market dynamics and investor sentiment, not a core AI event.
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