The effect of the Listing Rule Changes relating to bookbuilding and placing activities on an IPO | Dentons jdsupra.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from jdsupra.com Daily Mail and Mail on Sunday newspapers.
Intermediaries in bookbuilding and placing activities should prepare for the new rules, which will take effect on 5 August 2022. The Securities and Futures Commission of.
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<li class="spanHeading"><span>Listing Rule amendments introduced to reflect new requirements of the SFC Code of Conduct regarding the conduct of issuers and intermediaries involved in bookbuilding and placing activities</span></li>
<li class="spanHeading"><span>New requirements resulting from the Rule changes will apply to new applicants and listed issuers submitting or re-filing their listing applications for IPOs or other specified types of placings on or after 5 August 2022</span></li>
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Hong Kong is an active market for initial public offerings (IPOs) and debt offerings. Bookbuilding and placing activities by intermediaries in equity and debt capital market transactions are substantial but, in contrast to a comprehensive regulatory regime for listing sponsors in the IPO process, we.