Listings in Hong Kong are on the upswing, with proceeds this year on track to surpass the four-year high of 2025. While mainland Chinese and Hong Kong companies have dominated recent fundraising activity, the stock exchange has been pushing to bring issuers to the market from further afield, including less capital-rich regions like Southeast Asia.
(May 26): Indonesian gold miner PT Merdeka Gold Resources is gearing up for a Hong Kong stock-market debut with a listing structure that’s fallen out of favour for more than a decade, a sign of the city’s booming market for fundraising drumming up interest across Asia and beyond.
The Jakarta-listed company, a unit of PT Merdeka Copper Gold that went public in Jakarta in 2025, is planning a second float in Hong Kong as soon as June to raise at least US$500 million (RM1.98 billion), people familiar with the matter said, asking not to be named to discuss nonpublic information. It plans to sell Hong Kong depositary receipts (HDRs), according to the people and as suggested by the listing paperwork.
