New Hong Kong Listing Rules Welcome Emerging and Innovative Companies

6 July 2018
View Debevoise InDepth
Key takeaways:
  • Permitting the listing of high growth and innovative companies with weighted voting right (“WVR”) structures, or companies referred to as having “dual-class shares.”
  • Permitting the listing of biotech companies that do not presently meet the pre-existing financial eligibility criteria under the current Main Board listing rules.
  • Creating a new concessionary route to encourage companies with primary listings on the NYSE, NASDAQ or the main board of the London Stock Exchange to apply for a secondary listing on the HKEx Main Board.