Hong Kong's IPO market raised $11 billion from 64 first-time stock offerings on its main board, putting the bourse back on the world's top 10 IPO venues, the South China Morning Post reported Tuesday, citing data from the London Stock Exchange.
Hong Kong was the fifth largest IPO venue in the world in 2024 with proceeds rising 87% year over year, the report said.
Midea's (HKG:0300, SHE:000333) blockbuster offering led with HK$35.6 billion or $4.6 billion in proceeds, the report said. Midea's offering was the world's second largest in 2024.
India's two main exchanges, followed by the Nasdaq and New York Stock Exchange comprise the top four IPO venues, the report said.
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