Hong Kong and Singapore are once again going
head-to-head, vying for two of the year's most coveted initial
public offerings (IPOs) – Alibaba-backed Ant
Financial's $10 billion offering and Saudi Aramco's $100
The two Asian financial hubs are natural rivals in that they
boast some of the world's most advanced infrastructure and
freest economic systems. But the Lion City's IPO market pales,
by all measures, in comparison to Hong Kong's, which hosted 61
IPOs last year compared to Singapore's 20 transactions.
But while Hong Kong...