Hong Kong’s IPO haul in first 9 months smashes record despite Nasdaq’s fundraising lead
Funds raised through Hong Kong initial public offerings (IPOs) doubled in the first nine months of 2026, reaching the highest level for the period since records began in 1980. A total of 112 companies raised US$48.4 billion on Hong Kong’s main board during the first nine months, according to data released by LSEG Data & Analytics on Wednesday. A further two companies listed on the city’s Growth…
Hong Kong’s IPO activity in the first nine months of 2026 shattered records, with $48.4 billion raised through 112 listings on the main board and Growth Enterprise Market, marking a 72% increase from the same period in 2025, according to data from LSEG Data & Analytics. The city's IPO bounty, however, remained behind that of Nasdaq, where companies raised $144 billion during the period, primarily due to SpaceX’s record-breaking $86.2 billion IPO led by Elon Musk in June.
Nonetheless, Hong Kong's IPO landscape remains robust, with over 500 companies set to list in the coming quarters, some potentially raising over HK$10 billion. The surge in activity is fueled by demand for AI and tech-related companies, metals, mining, and healthcare, with technology leading the charge at 46.9% of total proceeds.
Hong Kong Exchanges and Clearing (HKEX) is planning to revise listing rules to attract space-related IPOs, capitalizing on the current aerospace boom. Despite the potential challenge from Nasdaq, UBS expects Hong Kong's IPO fundraising to reach between HK$400 billion and HK$450 billion for the year, setting a new record.
Written by urgent.news from SCMP Business's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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