According to reports, two investment banks have withdrawn from the Samart Hong Kong IPO due to staff shortages

AASTOCKS
2026.03.11 01:42

According to a report by Bloomberg, CITIC Lyon Securities and CITIC Securities (International) have resigned as the overall coordinators for the initial public offering (IPO) of domestic semiconductor supplier Semtech Hong Kong due to tight internal staffing.

The report indicates that while it is unclear whether this decision was due to the excessive workload of these companies, it also reflects that institutions are becoming more "selective" when handling IPOs. China International Capital Corporation (CICC) stated in January that it is restructuring its IPO project pipeline to focus on "the most promising deals."

The report also mentioned that after years of trading sluggishness, the Hong Kong banking industry is facing a sharp increase in the number of IPOs, leading to a shortage of qualified staff; some bankers are even responsible for as many as 19 IPO projects simultaneously

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