It is reported that between the 19th of this month, companies listed in Hong Kong or announced plans are expected to raise over USD 2.4 billion for the entire month

According to data from Bloomberg, 19 companies are set to go public in Hong Kong or announce their listing plans in December, which is expected to become the month with the highest number of listings since July 2021. The number may further increase as some companies are testing market reactions. Bloomberg anticipates that, excluding companies listing by introduction and those merging with special purpose acquisition companies, the total amount raised by new stocks this month could exceed $2.4 billion.

The report indicates that the Hong Kong IPO market has raised over $34 billion this year, nearing the highest annual fundraising amount since 2021. Andy Wong, the IPO head at consulting firm SW Hong Kong, stated that companies may wish to complete their listings before the end of the year to achieve ideal valuations and avoid potential new risks that may arise in 2026, especially considering the recent poor performance of some listing projects.

The report also cited sources familiar with the matter, stating that companies testing market reactions include OmniVision Group (603501.HK), which may raise up to $1 billion, and drug research company InSilico Medicine, which may raise about $300 million. Additionally, mainland cosmetics group Shanghai Linqingxuan is also evaluating market interest