117 companies raise over HK$390 billion through Hong Kong IPOs during the year

Hong Kong IPO issuance remains highly active. On October 28, Suzhou Dongshan Precision Manufacturing Co., Ltd. officially listed on the Hong Kong stock market. Wind data shows that, calculated by listing date, as of October 27, the Hong Kong market had 117 new IPOs so far this year, up 53.95% year on year; the scale of funds raised was HK$391.516 billion, up 98.93% year on year. Compared with the same period last year, the pace of issuance and the volume of financing both increased, with companies in hardware equipment, semiconductors, software services and other sectors taking the leading role. Deloitte China has raised its forecast for Hong Kong's full-year IPO fundraising to no less than HK$480 billion. Whether large projects can be launched as scheduled in the fourth quarter is the key window for observing whether the full year can challenge the historical record.