Hong Kong IPO Fundraising Exceeds HK$100 Billion So Far This Year

Wind Information data shows that in just two working days, April 1 and April 2, 7 and 14 companies respectively submitted IPO applications and updated prospectuses to the HKEX, maintaining a high pace of market filings. In fact, the Hong Kong IPO market has remained consistently active since the beginning of the year. As of now, a total of 40 companies (39 on the Main Board and 1 on GEM) have completed IPOs in the Hong Kong market, a 150% increase compared to 16 companies in the same period last year. Total fundraising reached HK$109.926 billion, a year-on-year increase of 488.81%. The fundraising scale not only far exceeds the full-year totals of 2023 and 2024 but also hits a new high since the second quarter of 2021. Among them, the information technology industry has become the absolute mainstay of IPOs, with its fundraising amount accounting for nearly 70% of the total. (Securities Daily)