Hong Kong Exchanges and Clearing Limited Chief Executive Officer Chen Yiting revealed in an interview during the World Economic Forum in Davos, Switzerland, that the number of companies in the pipeline for initial public offerings in Hong Kong has surpassed 350. This figure includes companies that have confidentially submitted listing applications.
Chen Yiting stated that after Hong Kong reclaimed the top spot globally in IPO fundraising last year, the first three weeks of this year alone have seen 11 IPOs raising approximately $4 billion. In 2025, the Hong Kong IPO market returned to the global number one position, with 117 companies collectively raising over HK$280 billion, a significant increase of 224% year-on-year.
A wave of A-share companies seeking listings in Hong Kong has emerged, with many institutions predicting this trend will continue to be a dominant theme for the Hong Kong stock market in 2026. James Wang, Head of Equity Capital Markets for Goldman Sachs Asia (ex-Japan), forecasts that an increasing number of AI and related industrial chain companies will list in Hong Kong in 2026, spanning sectors such as communications, data centers, and semiconductors.
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