Hong Kong’s IPO market saw a 56% decline in 2023, raising HKD46.3bn (USD5.93bn) with 73 IPOs, a drop influenced by global political and economic uncertainties. Despite this, PwC forecasts a rebound in 2024, with projections of over HKD100bn in funds raised. This optimism is fueled by expected improvements in market liquidity due to the return of capital from Europe, the US, and the Middle East, and the end of interest rate hikes. The new Chapter 18C listing regime for technology companies is anticipated to attract international funds, boosting the technology sector and overall market. Additionally, expansions in the Stock Connect mechanism and reforms in listing regulations are expected to diversify the IPO market in Hong Kong.
top of page
bottom of page