Hong Kong IPOs Seen Topping HK$300 Billion in 2026 on Tech Boom
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Hong Kong’s IPO market is poised to raise at least HK$300 billion ($38.5 billion) in 2026, building on last year’s world-leading performance as listings reflect growing interest in artificial intelligence (AI) and biotechnology.
Last year, Hong Kong hosted 119 new listings — up 68% from 2024 — and raised HK$285.8 billion, ranking first globally.
Major accounting firms broadly agree on the market’s trajectory for 2026. Deloitte forecasts about 160 listings raising at least HK$300 billion, while EY, PwC and KPMG project roughly 150 to 200 IPOs with total fundraising of about HK$320 billion to HK$350 billion.
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- Hong Kong's IPO market is projected to raise at least HK$300 billion ($38.5 billion) in 2026, with major firms forecasting 150-200 listings.
- In 2025, Hong Kong hosted 119 IPOs (up 68% from 2024), raising HK$285.8 billion, ranking first globally.
- Over 350 listing applications are under review, with strong interest from AI, biotech, and "new economy" companies.
- Deloitte
- Deloitte, also known as 德勤, forecasts that Hong Kong's IPO market will see approximately 160 listings in 2026, raising at least HK$300 billion. This projection aligns with other major accounting firms in anticipating a strong performance for the market.
- EY
- EY (安永) projects approximately 150 to 200 IPOs in Hong Kong for 2026, with total fundraising expected to be around HK$320 billion to HK$350 billion. This aligns with other major accounting firms' optimistic forecasts for Hong Kong's IPO market.
- PwC
- PwC projects about 150 to 200 IPOs in Hong Kong for 2026, with total fundraising around HK$320 billion to HK$350 billion. They anticipate rising capital demand from AI, robotics, and biotechnology firms through 2026 and 2027. PwC data indicates over 350 companies currently have listing applications under review by the HKEX. Eddie Wong, PwC China's capital market and accounting advisory services leader, emphasized factors like market understanding and listing efficiency for issuers deciding between Hong Kong and the mainland.
- KPMG
- KPMG, one of the major accounting firms, projects around 150 to 200 IPOs in Hong Kong for 2026, with an estimated total fundraising of about HK$320 billion to HK$350 billion. This indicates their agreement with the general market trajectory for Hong Kong's IPO market.
- Shanghai Biren Technology Co. Ltd.
- Shanghai Biren Technology Co. Ltd. (上海壁仞智能科技有限公司) is a China-based GPU maker. Its debut as the Hong Kong Stock Exchange's first new listing of 2026 saw its stock surge by 76%. The company is among the "new economy" firms contributing to Hong Kong's evolving IPO market.
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