IPOs
HKEX vets 300 listing applications after city becomes the world’s largest IPO market
Bonnie Chan Yiting, CEO of HKEX, on Wednesday said at an event in Shanghai that Hong Kong has more than 300 companies in the listing pipeline, which would ensure another strong quarter for fundraising in the city.
“International investors have been actively involved in new listings in Hong Kong this year,” Chan said at a HKEX-organised summit in mainland China’s financial capital. “These included long-term investors from Europe, the US, the Middle East and emerging markets.”
“These investors are particularly interested in new tech company listings, which reflects their confidence in the mainland’s technology development, prompting a shift in asset allocation.”
Total funds raised from new share sales in Hong Kong jumped 220 per cent year on year in the first nine months of 2025, as 66 companies raised US$23.27 billion on the main board of the stock exchange, according to data from the London Stock Exchange Group (LSEG).
That put the city’s bourse well ahead of the New York Stock Exchange, which ranked second with US$16.53 billion and the Nasdaq in third with US$15.32 billion, LSEG data showed.
This marked the first time Hong Kong has ranked first in the first three quarters of the year since 2018, according to the LSEG.
