Goldman Sachs Has Practically Vanished from Hong Kong’s IPO Scene

Goldman Sachs Group Inc. gs has nearly vanished from the Hong Kong IPO scene this year, launching its second Hong Kong listing of the year only this week.

According to data compiled by Bloomberg, Goldman has worked on only one completed listing in the city this year; Guotai Junan Securities Co.'s $2.2 billion share sale in March. The Wall Street bank is currently ranked 30th among Hong Kong IPO arrangers, trailing lesser-known competitors like Shanghai...

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