Hong Kong IPO market to see deals drop 25% in 2022, to rank among world’s top three – research
STOCKS
Hong Kong IPO market to see deals drop 25% in 2022, to rank among world’s top three – research
STOCKS

Hong Kong IPO market to see deals drop 25% in 2022, to rank among world’s top three – research

 

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Hong Kong’s IPO market is expected to record a year-on-year decline of 25% in the number of IPO deals and a 70% drop in total amount raised in 2022, respectively, according to a report published by KPMG China. 

However, Hong Kong market has become more vibrant over the second half of the year as other international markets struggle to achieve a full recovery, the report said. 

With the fundraising amount in the second half estimated to account for over 80% of the full-year amount, Hong Kong stands a decent chance to again become one of the top three IPO markets globally in 2022, it said.

KPMG forecast Hong Kong’s IPO market to further extend its growth momentum next year and the market is anticipated to hail 90 new stock listings in 2023, which would raise approximately $180 billion in total.