Tag: Claw-back rules

Scrapping the claw-back rules?

HONG KONG (Dow Jones Investment Banker) – Claw-back rules for retail tranches in Hong Kong IPOs are a unique feature of that market. They bring an element of fairness between institutions and the general public; however, retail investors have increasingly shunned new issues and also now account for a smaller proportion of secondary trading, as compared with a few years ago. Now might perhaps be a good time to rethink those provisions, and to grant more flexibility to ECM bankers and issuers to allocate books of demand.


, , Claw-back rules, Hong Kong, Retail offers