Hong Kong Leads Global IPO Market in H1 2025, Says PwC
- Asia First
- Jul 7
- 1 min read
Updated: Jul 11
Hong Kong led the global IPO market in the first half of 2025, hosting 44 listings that raised HKD107.1bn (USD13.7bn), according to PwC. This marks a sevenfold increase from the same period last year.
PwC forecasts between 90 and 100 IPOs for the full year, with total fundraising expected to reach between HKD200bn and HKD250bn. Key sectors include IT and telecoms, healthcare, and consumer goods.
Market momentum is being driven by dual A+H listings, supportive Chinese policies, and the Hong Kong exchange’s TECH board. Over 200 companies have already filed to list. PwC noted that strong liquidity and favourable policy conditions could make 2025 Hong Kong’s best IPO year since 2021.