HONG KONG—Despite volatility that has made investors wary of buying, a wave of companies are rushing to complete initial public offerings here, pushing the local exchange’s listing committee to take extra steps to clear the backlog.
A person familiar with the situation said Wednesday that Hong Kong’s stock-exchange listing committee, which usually reviews IPO candidates each Thursday, will hold extra meetings in coming weeks to consider applications by companies wanting to list before the year is out. A Hong Kong stock-exchange spokesman declined to comment.
These IPOs, if given the green light, will come to a falling market. The Hang Seng Index fell 2% Wednesday, and is 6.2% lower over the past three months. It has fallen 18% since the start of the year.