The growth momentum of Chinese listings in Hong Kong is seen to boost the city's stock exchange in 2025, the South China Morning Post reported Tuesday, citing forecasts by accounting firms EY and KPMG.
Among those bolstering the city's IPO appetite are listings from Chinese intelligent driving and cabin solutions company Minieye Technology (HKG:2431) and that of bubble tea company Guming, the report said.
Minieye intends to raise up to HK$783 million while Guming was gunning for $300 million to $500 million after it attempted to list in Hong Kong, according to the SCMP.
Funds raised from initial public offerings in the city increased 80% year over year to HK$83.4 billion year to date in November, the report said.
(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)
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