The Hong Kong stock exchange is considering lowering the revenue threshold for hard-tech IPOs to accommodate companies in fields including new energy, artificial intelligence, and autonomous vehicles, according to a report by Reuters. The report cites a spokesperson of HKEX as saying the exchange is “studying how best to create a listing chapter to cater to the funding needs of large-scale advanced technology companies that are at an early stage of product commercialization.” Bloomberg previously reported that under the new listing rules, the revenue requirement for commercial tech firms would be HK$200 million to HK$300 million ($25 million – $38 million) lower than the current HK $500 million requirement. [Reuters]
