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.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)