Hong Kong IPO Forecast Remains at HKD300bn for 2026

Deloitte has maintained its Hong Kong IPO forecast for 2026, projecting 160 new listings that could collectively raise HKD300bn (USD38.2bn) and potentially place the city among the world’s three largest IPO markets by fundraising proceeds.

The firm expects at least five major listings to raise HKD10bn or more across sectors including hard technology, semiconductors, healthcare, telecommunications, chemicals and consumer products.

According to the Hong Kong IPO forecast, approximately 78 new listings are expected in the first half of the year, generating about HKD203.3bn, representing increases of 86% in deal volume and 90% in proceeds.

Edward Au, Deloitte China’s southern region managing partner, said the consultancy was maintaining rather than raising its projection because investors could become more selective and some smaller issuers may need to wait for more favourable market conditions.

The outlook reflects continued confidence in Hong Kong’s capital-market recovery despite a more discerning investment environment.