Hong Kong’s full-year IPO fundraising in 2023 expected to hit lowest in 11 years – research 
DATA STOCKS
Hong Kong’s full-year IPO fundraising in 2023 expected to hit lowest in 11 years – research 
DATA STOCKS

Hong Kong’s full-year IPO fundraising in 2023 expected to hit lowest in 11 years – research 

 

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The Shanghai Stock Exchange raised about $199 billion from IPO activities during the first three quarter of the year, retaining the top spot as the world’s most lucrative IPO market, according to a report released by Deloitte.

The Shanghai bourse was followed by the Shenzhen Stock Exchange, Nasdaq Stock Market, New York Stock Exchange and Abu Dhabi Securities Exchange, according to the report.

The Hong Kong Stock Exchange, which hailed 44 IPOs and raised about $24.7 billion in total, fell to eighth place, with the fundraising amount and number of IPOs both hitting the lowest in a decade, sliding by 14% and 61% from a year earlier, the report said. 

Impacted by the sluggish recovery of China’s economy, the Hong Kong bourse’s full-year fundraising amount in 2023 will likely hit its lowest level in 11 years, given the prominence of Chinese companies in Hong Kong’s IPO market, it said.