Record-breaking IPO activity in Hong Kong surpasses HK$76 billion mark in 2023
Hong Kong's Initial Public Offerings (IPOs) have seen a promising start in 2025, with funds raised surpassing HK$76 billion (US$9.7 billion) as of this writing. This affirmation was made by the city's finance chief, Paul Chan Mo-po, who attributes this success to the recent listing of a mainland Chinese battery manufacturer, marking the year's largest IPO.
In his weekly blog, Chan characterized Hong Kong's IPO market as thriving, with the raised funds in new share offerings this year reaching nearly 90% of the total amount for all of 2024. This growth represents an increase of more than seven times compared to the same period last year.
Deepening ties with the mainland, according to Chan, is crucial for Hong Kong's long-term development. Despite negative evaluations from certain ratings agencies, he expressed confidence in the city's markets' ability to withstand external shocks.
Notable mainland Chinese companies, such as Mixue, a consumer brand, have contributed to the brisk activity in the IPO market, benefiting from Beijing's stimulus measures. High-profile companies like Insilico Medicine, Avatr Technology, and Lens Technology are also preparing for Hong Kong IPOs, reinforcing the city's role as China's offshore capital hub.
Recent large listings, while not confined to 2025, include the Midea Group and Contemporary Amperex Technology, which have both raised substantial funds through their IPOs.
For the most current and detailed information, it is recommended to consult financial news sources or recent IPO reports from Hong Kong.
- Paul Chan Mo-po, Hong Kong's finance chief, believes deepening ties with the mainland are essential for the city's long-term development, given the significant role mainland Chinese companies like Mixue, Insilico Medicine, Avatr Technology, and Lens Technology play in the booming IPO market.
- The increasing adoption of technology in various industries, as seen with the listing of businesses such as the mainland Chinese battery manufacturer and consumer brand Mixue, is contributing to the surge in funds raised through Initial Public Offerings (IPOs) in Hong Kong.
- The city's finance chief, Paul Chan Mo-po, attributes the strong performance of Hong Kong's IPO market in 2025, with funds raised surpassing HK$76 billion, to both its ties with the mainland and the robustness of its markets, capable of withstanding external shocks despite negative evaluations from certain ratings agencies.
