Drew Bernstein on Midea IPO: Confidence Boost, But Market Still Needs Proof
In the News | Sep 17, 2024
Drew Bernstein, Co-Founder and Co-Chairman of Marcum Asia, told Jiemian News that blockbuster IPOs like Midea Group’s HK$30 billion listing are crucial to boosting investor sentiment in Hong Kong after two sluggish years, offering much-needed confidence to the exchange. However, he cautioned that since Midea is already an A-share–listed industry leader, its success does not necessarily signal a broad market shift, and the true test will be how other new listings perform in the coming months.