Hong Kong's new listing pipeline has expanded to 300 applications, said the bourse's chief executive Bonnie Chan Yi-ting, signaling an extended boom of the city's initial public offering market.
This figure showed a robust growth of 36.4 percent over two months, climbing from over 220 applicants by the end of July.
The total IPO fundraising in Hong Kong rose more than 2 times year-on-year to HK$182.9 billion as of September, she said.
International long-term funds from Europe, America, the Middle East, and emerging markets are actively engaged in new listing subscriptions, especially those of technology and innovation companies, which showed their strong interest and confidence in mainland technology firms, she added.
Chan noted that post-listing refinancing in Hong Kong amounted to HK$456.1 billion in the first nine months of the year, over double the amount raised from the new share market, underscoring its role as the efficient financing channel for Hong Kong’s listed companies.
