Hong Kong IPO Pipeline Hits 369 Active Filings as Tech Listings Surge

The pipeline's composition matters more than its size: mainland AI and hard-tech issuers plus A+H dual listings are becoming the default route to public markets, which shifts Hong Kong's role from a general listing venue toward a specialist channel for Chinese technology capital. That concentration cuts both ways — it deepens the exchange's tech franchise while tying its deal flow to a single sector and jurisdiction. Whether the backlog converts into completed listings, and whether the dual-listing preference persists, is the open question.