TREE NEWS reports: Hong Kong’s stock exchange hosted 115 IPOs in the first three quarters of 2025, raising a combined HK$385.566 billion. That is a 69.12% rise in listing numbers and a 105.18% jump in proceeds year on year, already surpassing all of last year’s total. Hong Kong ranked second globally for IPO fundraising behind Nasdaq, with three new listings among the world’s ten largest this year.
Hong Kong IPOs Raise HK$385.6B in First Three Quarters, Up 105% YoY
The scale of the rebound matters less than its composition: Hong Kong reclaiming the number-two global ranking signals that listings are again clearing at size, which is the precondition any digital-asset or RWA issuer needs before treating the venue as a viable capital market. For tokenization platforms and crypto-native treasuries eyeing Asian equity or fund listings, a deeper primary market changes the calculus on where to domicile structures. Whether this pace holds into the final quarter, and whether any of it touches tokenized or digital-asset-linked issuance, is the open question.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.