Hong Kong's initial public offering market has raised more than HK$140 billion (US$17.9 billion) as of April, maintaining its global lead, Financial Secretary Paul Chan Mo-po said, while indicating a renewed push for gold trading amid rising demand for risk diversification. Chan stated on Sunday that the city remains the world's top IPO fundraising hub.
Hong Kong's IPO market has raised more than HK$140 billion (US$17.9 billion) as of April, maintaining its global lead, Financial Secretary Paul Chan Mo-po said on Sunday.
Chan stated that the city remains the world's top IPO fundraising hub as of last week, citing a growing number of high-quality companies using its strong financing platform to drive global expansion. “The developments prove that despite external volatility, with the tireless efforts of the government and the industry, the momentum of Hong Kong’s financial market is unstoppable,” he said. He added that average daily turnover on the Hong Kong stock exchange has exceeded HK$280 billion since March, up slightly from HK$276.7 billion in the first quarter.
According to LSEG Data and Analytics, 37 companies raised about US$13.26 billion on the exchange’s main board in the first quarter – a 453 per cent increase from the same period in 2025.
Chinese companies dominated the city’s IPO market in the first quarter, accounting for 99 per cent of the total proceeds. Technology firms also fuelled the strong performance, capturing nearly half of the total IPOs and secondary listings.
