The Deloitte China Capital Market Services Group has released a review of Hong Kong's IPO market for 1H25.

Data shows that Hong Kong recorded 40 IPOs in 1H, which raised a total of HKD102.1 billion. On top of a 33% YoY increase in the number of IPOs, the total fundraising amount surged by over 6.7 times, with nearly 75% of the funds coming from four super-large A+H IPOs and one H-share IPO.

Hong Kong also returned to the top of the global IPO fundraising rankings in 1H, surpassing both the Nasdaq (HKD71.3 billion raised) and New York Stock Exchange (HKD59 billion raised).

According to the forecast made by the Deloitte China Capital Market Services Group, Hong Kong will record a total of 80 IPOs in the entire 2025, with an estimated total fundraising of HKD200 billion, marking an increase of up to 53.8% from the group's previous forecast of HKD130-150 billion at the end of last year.