Funds raised through Hong Kong initial public offerings (IPOs) doubled in the first nine months of 2026, reaching the highest level for the period since records began in 1980.
A total of 112 companies raised US$48.4 billion on Hong Kong’s main board during the first nine months, according to data released by LSEG Data & Analytics on Wednesday. A further two companies listed on the city’s Growth Enterprise Market (GEM).
By deal count, the combined total of 114 new listings on the main board and GEM rose 72 per cent year on year, marking the busiest nine-month period since 2018.
The city, however, still trails Nasdaq, where companies raised US$144 billion during the period. The US exchange widened its lead after Elon Musk’s SpaceX completed the largest IPO in history in June, raising US$86.2 billion, LSEG data showed.
