Hong Kong regaining status as premier IPO market

Hong Kong's initial public offering market is gaining depth and dynamism and reinforcing its role as a premier global listing venue, with abundant liquidity, attractive valuations and market reforms contributing to the resurgence of IPO activities, global auditing firms and investment managers said.

The Hong Kong bourse gained 18 percent in 2024 and has risen another 20 percent so far this year, and IPOs on the Hong Kong stock exchange have raised about $16 billion so far in 2025, making the city the top global IPO venue, according to Hong Kong Special Administrative Region Financial Secretary Paul Chan Mo-po.

Shenzhen-listed battery giant Contemporary Amperex Technology raised over HK$41 billion ($5.22 billion) by listing shares on the Hong Kong stock exchange in May, the world's largest equity offering to date this year. The CATL's listing has attracted many US and European funds as the major new share subscribers.