Hong Kong Main Board Raises US$48.4 Billion Across 112 IPOs in First Nine Months
According to data from LSEG Data & Analytics released on Wednesday, 112 firms secured US$48.4 billion on Hong Kong's main board in the first three quarters of the year. Additionally, two companies joined the city's Growth Enterprise Market (GEM), resulting in a total of 114 new listings. This combined total reflects a 72 percent increase in deal count compared to the previous year, marking the most active nine-month stretch since 2018. Industry experts attribute this surge to a robust pipeline and the possibility of significant deals, suggesting that Hong Kong’s stock exchange could see a record year for IPOs, even as Nasdaq led in fundraising during this timeframe.
Key facts
- 112 companies raised US$48.4 billion on Hong Kong's main board in the first nine months
- Two more companies listed on Hong Kong's Growth Enterprise Market (GEM)
- Combined main board and GEM listings totalled 114
- Deal count rose 72 per cent year on year
- It was the busiest nine-month period since 2018
- The data was released on Wednesday by LSEG Data & Analytics
- Industry players cite a growing pipeline and potential megadeals
- Nasdaq held the fundraising lead over the same period
Entities
Institutions
- LSEG Data & Analytics
- Hong Kong stock exchange
- Nasdaq
- Growth Enterprise Market (GEM)
Locations
- Hong Kong
- China