{
  "id": 10894971,
  "title": "Hong Kong’s IPO haul in first 9 months smashes record despite Nasdaq’s fundraising lead",
  "url": "https://urgent.news/2026/09/30/hong-kongs-ipo-haul-in-first-9-months-smashes-record-despite-nasdaqs",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-30T08:00:27.000Z",
  "source": {
    "name": "South China Morning Post",
    "slug": "south-china-morning-post",
    "url": "https://www.scmp.com/business/banking-finance/article/3369316/hong-kongs-ipo-haul-first-9-months-smashes-record-despite-nasdaqs-fundraising-lead"
  },
  "original_language": "en",
  "account": "During the first nine months of 2026, Hong Kong's IPO haul reached a record high, despite Nasdaq raising more funds. A total of 112 companies raised US$48.4 billion on Hong Kong's main board, with two additional listings on the Growth Enterprise Market. Deal count rose 72% year-on-year, marking the busiest nine months since 2018. Nasdaq's fundraising lead remains, with US$144 billion raised compared to Hong Kong's US$48.4 billion. However, Hong Kong is still well ahead of the New York Stock Exchange, which raised US$17.8 billion. More than 500 companies are currently in the listing pipeline, expected to exceed 600 when confidential applications are included. John Lee Chen-kwok, UBS vice-chairman and co-head of Asia coverage, noted strong IPO sentiment in Hong Kong, driven by interest in tech, tech-related companies, metals, mining, and healthcare. Technology dominated IPO activity, accounting for 46.9% of total proceeds, or US$22.7 billion. Hong Kong Exchanges and Clearing plans to launch a consultation on listing rules aimed at attracting space-related IPOs, in response to the aerospace boom. Nine mega-listings have raised over US$1 billion each this year, with Hong Kong's largest being Optical transceiver manufacturer Zhongji InnoLight's US$7.8 billion share sale in July. Despite Nasdaq's expected takeover of the global IPO crown, Hong Kong remains well-positioned to claim the top spot in number of listings this year.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 6,
    "also_reported_by": [
      {
        "outlet": "Straits Times Business",
        "title": "Crystal Jade holding companies in S’pore, Hong Kong placed under receivership",
        "url": "https://urgent.news/2026/09/30/crystal-jade-holding-companies-in-spore-hong-kong-placed-under",
        "published": "2026-09-30T04:07:47.000Z"
      },
      {
        "outlet": "South China Morning Post",
        "title": "HSBC unveils RedCoin as name of its Hong Kong stablecoin for 3.3 million PayMe users",
        "url": "https://urgent.news/2026/09/30/hsbc-unveils-redcoin-as-name-of-its-hong-kong-stablecoin-for-3-3",
        "published": "2026-09-30T04:18:24.000Z"
      },
      {
        "outlet": "VnExpress Business",
        "title": "Hong Kong challenges world's biggest super-prime property market in sales",
        "url": "https://urgent.news/2026/09/30/hong-kong-challenges-worlds-biggest-super-prime-property-market-in",
        "published": "2026-09-30T04:59:48.000Z"
      },
      {
        "outlet": "Tech in Asia",
        "title": "Hong Kong digital bank WeLab revenue rises 8% in H1 2026",
        "url": "https://urgent.news/2026/09/30/hong-kong-digital-bank-welab-revenue-rises-8-in-h1-2026",
        "published": "2026-09-30T06:56:40.000Z"
      },
      {
        "outlet": "Hedgeweek",
        "title": "Ex-Schonfeld exec joins Millennium as senior PM in Hong Kong",
        "url": "https://urgent.news/2026/09/30/ex-schonfeld-exec-joins-millennium-as-senior-pm-in-hong-kong",
        "published": "2026-09-30T08:12:00.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}