Morrison & Foerster partner and global chair of the Private Equity Group Marcia Ellis and partner Vivian Yiu are quoted in an article, “Hong Kong IPOs: Winner by default,” published by AVCJ on November 10, 2021.
The article suggested that New York’s loss is expected to be Hong Kong’s gain as regulatory and political turbulence drives Chinese start-ups to look for alternative listing destinations. Vivian believed that a lot of start-ups are “adopting a wait-and-see approach.” “If these companies are not mature enough to be listed in Hong Kong, perhaps they should just wait,” Marcia said. She also believed that if the trading multiples are strong, an onshore listing might make sense for such companies.
