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Hong Kong IPOs: 48 Firms Use Greenshoe in 2026, Raising 28.47B Yuan

Forty-eight Hong Kong-listed companies have granted underwriters greenshoe options so far this year, with net proceeds from over-allotment totaling 28.47 billion yuan, Wind data show. That exceeds the full-year 2025 figure, when 45 companies used the mechanism and raised a net 24.198 billion yuan. The greenshoe, or over-allotment option, lets underwriters stabilize post-listing prices by selling extra shares.

Original source

AI take

The wider use of greenshoes signals that underwriters are building in more room to manage post-listing volatility, a defensive posture that fits a busier and possibly more fragile IPO pipeline. It matters most for issuers and bookrunners pricing deals, and for investors reading aftermarket stability as a quality signal. Whether the year-to-date pace keeps outrunning 2025, and whether heavier over-allotment activity tracks stronger demand or simply tougher debuts, is the open question.

Generated by AI for reference only.

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