PwC raises Hong Kong IPO fundraising target for the whole year to 220 billion.

On July 2, the international accounting firm PwC released a report, raising its forecast for the number of new listings and capital raised for the year from 70 to 80 listings and 1300 to 1600 billion Hong Kong dollars to 90 to 100 listings and 2000 to 2200 billion Hong Kong dollars, respectively. It is expected that this IPO frenzy will continue until the first half of 2026. The Hong Kong dollar exchange rate has been weak recently, and on the 2nd, the Hong Kong Monetary Authority once again bought Hong Kong dollars to absorb selling pressure of 20 billion Hong Kong dollars. Will this affect the enthusiasm for new stock subscriptions? Alan Wong, PwC's head of capital markets in Hong Kong, said that the characteristic of Hong Kong is the free flow of funds in and out, with large IPOs attracting a large amount of capital to flow in quickly. However, he believes that this will not affect the listing frenzy, as there are currently more than 200 companies applying for listing on the Hong Kong Stock Exchange, and the IPO boom is expected to continue at least until the first half of 2026.