A better year expected for IPO bankers as Hong Kong claws its way back into top 10 markets
EV battery maker CATL and condiment producer Foshan Haitian are among mainland industry champions seeking a listing in Hong Kong in 2025
Companies and investors raised US$11 billion from 64 first-time stock offerings on the main board, according to data compiled by the London Stock Exchange Group, making it the fifth busiest IPO venue. India’s two main exchanges and US bourses Nasdaq and New York Stock Exchange (NYSE) topped the league table.
Tokyo, Saudi Exchange, Abu Dhabi, Madrid and the ChiNext board in Shenzhen completed the top 10 venues.
Proceeds from Hong Kong IPOs surged 87 per cent from a year earlier, boosted by Midea Group’s HK$35.6 billion (US$4.6 billion) deal in September, the world’s second largest IPO in 2024. US real estate firm Lineage’s US$5.1 billion Nasdaq IPO and Hyundai Motor India’s US$3.3 billion rounded out the top three offerings.