AsianFin -- Hong Hong Stock Exhange saw a recovery in its initial public offering (IPO) market in 2024, with about 100 IPOs in the pipeline, according to Bonnie Chan, the Executive Director of the exchange.
In 2024, Hong Kong ranked among the world’s top four IPO venues, with activity and fundraising volumes rising sharply from a year earlier. As at 20 December, HKEX IPOs raised a total of $83 billion from 66 new listings*, including the city’s biggest IPO since 2021. HKEX’s new listing chapters supported evolving market needs with two listings under the specialist technology Chapter 18C, three GEM listings following its reforms, and the first De-SPAC transaction.