Accounting firm EY released its IPO (Initial Public Offering) review and outlook report on the 17th. This year, Hong Kong's IPO fundraising amount reached approximately HK$220 billion, ranking second globally, second only to the New York Stock Exchange in the United States.
The EY report points out that Hong Kong's securities market is active with significant capital inflows, continuously attracting companies to list in Hong Kong, especially mainland Chinese enterprises. This year, Hong Kong's IPO fundraising amount was approximately HK$220 billion, a year-on-year increase of 32%. There were 108 IPOs in total, an 11% increase in the number of listings compared to the previous year.
The fundraising amount in the fourth quarter was HK$92 billion, accounting for 41% of the annual total. Dalian Wanda Commercial Properties and CGN Power raised HK$28.8 billion and HK$24.5 billion, respectively. Among them, Dalian Wanda Commercial Properties Co., Ltd. raised HK$28.8 billion upon its listing in Hong Kong, with the share price approaching the upper limit estimated by market analysts; this is the largest real estate company listing in the world.
Ringo Choi, EY Asia-Pacific IPO Leader, stated that the U.S. economy will continue to recover next year, while monetary policies in Europe, Japan, and mainland China remain loose, ensuring ample market liquidity. It is believed that Hong Kong's IPO market will remain robust next year, with an expected 123 new listings and a fundraising amount of HK$200 billion. Although the number of listings is increasing, the total amount is expected to decrease. However, he believes that Hong Kong is still expected to remain among the top five globally next year.
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