LSEG: The fundraising amount for main board listings in Hong Kong in the first quarter ranks first globally, with a market share of 33%

London Stock Exchange Group (LSEG) announced that the total financing amount for the Hong Kong equity capital markets (ECM) in the first quarter was USD 21.16 billion, an increase of 26.4% year-on-year, marking the highest level for the first quarter since 2021, with the number of issuances also increasing by 65.8%.

Data shows that the total amount raised from initial public offerings (IPOs) and secondary listings on the Hong Kong Main Board and GEM accounted for 63% of the total ECM financing, raising a total of USD 13.3 billion, more than five times that of the same period last year, setting a record for the highest first quarter in five years. The total number of IPOs and secondary listings also reached an eight-year high, increasing by 1.53 times.

In terms of financing amounts from IPOs and secondary listings, the Hong Kong Main Board currently ranks first among global exchanges, with a market share of 33%, higher than Nasdaq's 14.1% and the New York Stock Exchange's 12.4%.

Year-to-date, there have been at least 23 IPOs in Hong Kong raising a total of USD 4.7 billion, an increase of 1.39 times year-on-year, marking the highest level for the first quarter since 2021. Additionally, there were 15 secondary listings raising a total of USD 8.5 billion, an increase of approximately 20 times, with both financing amounts and issuance numbers reaching historical highs.

In the first quarter of this year, among the top 10 global IPOs and secondary listings, three were conducted in Hong Kong, including Muyuan Foods (02714.HK), which raised USD 1.5 billion, making it the largest stock issuance project in Hong Kong year-to-date