Hong Kong's initial public offering market is seen to raise between $17 billion and $20 billion this year, up 80% year over year, the South China Morning Post reported Wednesday, citing Financial Secretary Paul Chan Mo-po.
Chan's estimates align with those of Deloitte and PwC, which ranged from HK$130 billion and HK$160 billion, or $16.7 billion to $20.6 billion, the report said.
In 2024, IPO proceeds were at $11 billion, the fourth largest worldwide, the report said.
Hong Kong's connectivity with mainland China, as well as the free flow of people, capital, goods, and information, help attract top-tier talent globally, the report said, citing Chan.
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