The city’s IPO market is red-hot so far this year, boosted by a string of blockbuster deals as Chinese firms seek capital to expand after a years-long lull. Hong Kong is also benefiting from increased geopolitical tension, picking up listings that in previous years might have gone to New York while investors have been shifting cash away from the US.
Hong Kong is on track to regain its position as the world’s top fundraising venue for initial public offerings in 2025, according to consulting and accounting firm PwC.
An estimated 90 to 100 companies are forecast to raise between HK$200 billion ($32.46 billion) to HK$220 billion in the Chinese territory this year, PricewaterhouseCoopers said at a presentation in the city on Wednesday.
