The Hong Kong Stock Exchange (‘HKSE’) has formally approved Israel as an ‘Acceptable Jurisdiction’—companies incorporated in Israel are now eligible for listing on the Exchange. In conjunction with this determination, the HKSE last week published its Israel country guide, available here. This landmark approval makes the HKSE a viable alternative for Israeli companies considering a foreign IPO.
We note that the HKSE’s approval is currently limited to foreign listed Israeli public companies and Israeli private companies seeking a listing on the HKSE. It does not extend to Israeli public companies with a listing or proposed listing on the Tel Aviv Stock Exchange.