(Yicai Global) June 26 -- Some 74 initial public offerings took place on the Hong Kong Stock Exchange in the first half of this year, raising a total USD8.9 billion and ranking the bourse third worldwide behind the New York Stock Exchange and the Nasdaq, according to KPMG data.

The Hong Kong figure was the highest amount over the first half since 2016, KPMG said in a report today, adding that technology and innovative firms will continue to be a driving force in IPO fundraising in the second half.

Editor: James Boynton