Hong Kong welcomes 24 new listings this year, nearly 500 in pipeline, HKEX says

Hong Kong welcomed 24 new listings this year with nearly 500 more lining up for their initial public offering in the city, Hong Kong Exchanges and Clearing (0388) said.

These companies together raised more than HK$87 billion, chairman Carlson Tong Ka-shing said at the market open ceremony on the first trading day of Year of the Horse.

There are also 488 companies in the listing pipeline, he said, stressing the vetting process has not been relaxed in the slightest.

HKEX chief executive Bonnie Chan Yi-ting said the amount of funds raised by the 24 IPOs accounted for more than 25 percent of last year’s total and that she hopes the trend would continue.