And getting to market in the first place takes too long: South Korea's venture-backed firms typically struggle for ten years before listing.
The firm had been criticised for a sharp rise in its original flotation price target shortly before its listing.
Mark Zuckerberg, the 27-year-old boss of Facebook, was the star of the show as the social network took to the road before its stockmarket listing on May 18th.
What do you need to see done before you would even consider listing?
The listing could occur before June, so HSBC will have to act now if it does not want to be trapped by a lock-up period, typically imposed on existing shareholders for periods of up to a year.
About 40 homes are listed for sale and the average time a new listing spends on market before snagging a buyer is a relatively brisk 103 days.
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The Office of Financial Regulation (OFR) in the U.S. has turned the process of developing requirements and short-listing a vendor over to SIFMA before the regulatory requirements have been agreed.
IPOs require detailed financial statements and listing companies must abide by US accounting standards before being allowed on Wall Street.
Mr. Wheatley, a Briton who spent 18 years at the London Stock Exchange before taking the Hong Kong post in 2005, said the problems with Chinese companies listing outside their home jurisdiction, including those that list in Hong Kong, were exacerbated by the fact that regulators seeking more information about a company rely on third-party investigators.
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One small error, such as listing the name of a former employer after the years worked there, instead of before, can ruin a great candidate's chances.
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