Most companies that sold shares for the first time in Hong Kong this year have had to accept pricing at the low end of their expected range.
Tough conditions for first-time issuers globally ranging from the prospect of higher interest rates to heightened geopolitical tensions have added to local concerns in the territory since the middle of last year, as China tightened its grip for issuers abroad.
The increased risks are becoming evident deal after deal.
Just six companies priced shares in Hong Kong this year, with five of them settling at the bottom of their marketed range, data compiled by