Hong Kong achieved a significant milestone on March 20, 2026, with the listing of DELTON (01989.HK), the 30th new stock of the year. This event pushed the total funds raised through initial public offerings in the city past HKD 100 billion.

By March 20, a total of 30 new listings had taken place in Hong Kong for the year, comprising 29 IPOs and one introduction listing. Of these, 29 were on the main board and one on the GEM board, collectively raising approximately HKD 100.472 billion.

Reaching the HKD 100 billion mark in just 79 days represents a notable acceleration compared to recent years. It surpasses the fundraising totals for the full years of 2023 (approximately HKD 46.3 billion) and 2024 (approximately HKD 88 billion), and approaches the full-year total for 2022 (approximately HKD 104.6 billion). This pace marks the fastest achievement of the HKD 100 billion IPO fundraising milestone since the listing reforms of 2018, and is potentially the fastest in Hong Kong's history.

The HKD 100 billion fundraising milestone was reached in 2026 before the end of the first quarter.

For context, in 2025, the HKD 100 billion threshold was crossed on June 23. Fundraising did not reach HKD 100 billion in either 2024 or 2023. In 2022, the milestone was achieved in December. In 2021, it was reached on March 23, largely driven by two major IPOs early in the year. In 2020, the HKD 100 billion mark was passed in July, and in 1999, it was achieved in September.