Hong Kong Stock Exchange Chief Executive Officer Bonnie Chan Yiting stated that the exchange has optimized its IPO pricing and allocation mechanisms to enhance the bargaining power of influential investor groups and issuers. This adjustment, particularly shifting allocation proportions more towards institutional investors, aims to ensure fairer pricing for companies, especially those not yet profitable or generating revenue, which cannot be valued using traditional P/E methods. AI
RANK_REASON The article discusses a significant policy change by a major stock exchange regarding IPO pricing and allocation mechanisms. [lever_c_demoted from significant: ic=1 ai=0.1]
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