Hong Kong IPO Market Records 72 Listings and HK$153.62B in Fundraising

Hong Kong's IPO market showed recovery from the start of the year to June 24, with 72 companies completing initial public offerings and raising a total of HK$153.62 billion, according to a Securities Daily report cited by external sources. The fundraising total represented a 41.1% year-on-year increase compared to 43 IPOs during the same period in 2025. The recovery was driven by improved market liquidity and policy support, with technology companies accounting for the majority of new listings.

Technology Companies Raised HK$91.67 Billion Across 23 IPOs

Among the 72 companies that completed IPOs, 23 were information technology companies including semiconductor and electronic component manufacturers, according to Wind data statistics. These technology enterprises raised a combined HK$91.67 billion, representing nearly 60% of total fundraising during the period. The semiconductor products and equipment sector led all subsectors with HK$36.02 billion in capital raised.

21 Dual-Listed Companies Completed A+H Offerings

Twenty-one companies that already had A-share listings completed Hong Kong offerings, accounting for 29.2% of all IPOs during the period. Among these 21 A+H enterprises, 10 were information technology companies with operations covering semiconductors, high-end electronics, and communications equipment. These dual-listed technology companies collectively raised HK$59.8 billion.

Cornerstone Investors Participated in 84.7% of IPO Projects

Long-term capital participation marked a prominent feature of Hong Kong's IPO market during the period, with cornerstone investors involved in 84.7% of IPO projects. Cornerstone subscription funds accounted for 40.5% of total fundraising, with participating institutions including foreign asset managers, Chinese insurance companies, industry leaders, and sovereign funds.

FAQ

How many companies completed IPOs in Hong Kong from the start of the year to June 24? Seventy-two companies completed initial public offerings in Hong Kong from the start of the year to June 24, raising a total of HK$153.62 billion. This represented a 41.1% year-on-year increase in fundraising compared to 43 IPOs during the same period in 2025.

What percentage of Hong Kong IPO fundraising came from technology companies? Technology companies accounted for nearly 60% of total IPO fundraising during the period. Twenty-three information technology enterprises, including semiconductor and electronic component manufacturers, raised a combined HK$91.67 billion out of the total HK$153.62 billion raised across all sectors.