It has never been this busy at the start of a year for new listings in Hong Kong.
Maiden share sales fetched about $5 billion last month, the highest total for any January on record, according to data compiled by Bloomberg. The city hosted 13 listings, including artificial intelligence chip designers, large-language-model developers and a snack retailer.
The rapid pace of offerings is a promising sign that Hong Kong can build on the recovery last year, when listing proceeds were the highest since 2021. The pipeline is brimming, with more than 350 companies waiting to list their shares in the city, Hong Kong Exchanges & Clearing Chief Executive Officer Bonnie Chan said in an interview last month. Proceeds this year may reach a six-year high of $45 billion, according to KPMG.
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