HKEX to cut IPO settlement time to two days in bid to stay competitiveThe bourse hosted 75 IPOs in 2022, raising $12.69b, a 70% drop from 2021.

Hong Kong Exchanges and Clearing Ltd. (HKEX) plans to launch a settlement platform for initial public offerings in October that will shorten the time between pricing of a new listing and trading of shares, the exchange said Wednesday.