Hong Kong IPO Haul Tops HK$388 Billion in 9 Months as 30 Firms Ready Listings
Updated
Updated · South China Morning Post · Oct 4
Hong Kong IPO Haul Tops HK$388 Billion in 9 Months as 30 Firms Ready Listings
1 articles · Updated · South China Morning Post · Oct 4
Summary
HK$388 billion raised in Hong Kong IPOs from January to September more than doubled from a year earlier and already exceeded the full-year 2025 total, Financial Secretary Paul Chan said.
30-plus portfolio companies of the government-owned Hong Kong Investment Corporation are preparing to apply for Hong Kong listings this year, adding to the pipeline behind the fundraising surge.
HK$272.9 billion in average daily stock-market turnover over the same nine months was up 6.4% year on year, showing broader trading activity also strengthened.
24-year-high long-term US bond yields have still weighed on recent Hong Kong market sentiment by deepening investor concern over the global economic outlook, Chan said.
As sovereign wealth funds fuel a HK$388 billion IPO surge, what hidden risks lurk behind Hong Kong's newly relaxed tech listing rules?
With IPOs booming amid global tensions, is Hong Kong experiencing a sustainable financial renaissance or just providing a temporary refuge for mainland tech?