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EY Foresees HK IPO Fundraising to Whop $120B in 2025, Likely to Return No.3 in World
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Accounting firm Ernst & Young (EY) estimated that Hong Kong might have ranked fourth among the world's stock exchanges in terms of capital raised with USD10.7 billion (equivalent to about HKD83.46 billion) this year, accounting for 9% of the world's IPOs, according to public information statistics as of November 30, 2024. In terms of capital raised, the National Stock Exchange of India (NSE), NASDAQ and New York Stock Exchange (NYSE) ranked in the top three in pecking order. As of November 30, 64 IPOs were listed in Hong Kong and raised HKD83.4 billion, down 6% and up 80% YoY respectively. Excluding MIDEA GROUP (00300.HK), which raised HKD35.67 billion, the average IPO capital raised this year was HKD758 million, up 11% YoY, but still at a relatively low position in recent years. EY was cautiously optimistic about IPO activities in Hong Kong next year. Under the influence of China's support for overseas listings and the rate-cutting cycle in the US, IPO activities in Hong Kong may regain their upward momentum next year. If there are large-scale IPOs coming to Hong Kong for listing, it is expected that the full-year capital-raising amount will whop HKD120 billion, likely to vault Hong Kong back to the third rank in the world. AAStocks Financial News |
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