Hong Kong has had a banner year for initial public offerings, as more Chinese firms list in the financial hub, and as stocks rebound from a multi-year slump. Equity sales — comprising IPOs, primary placements and block trades — raised the most in four years in the third quarter, data compiled by Bloomberg show. The three-month haul exceeded proceeds for all of 2024.
More than 200 firms are lining up to go public in Hong Kong, adding to a strong year for stock sales in the Asian hub, the city’s top finance official said.
The IPO pipeline is “very strong,” Financial Secretary Paul Chan told Bloomberg Television in an interview from New York. “For mainland companies going global, using Hong Kong as a platform to raise the funds and to employ the talents to help them in their overseas expansion is a very good business proposition.”
