On December 23, 2024, CBI released the "Hong Kong IPO Listing and Application  Insight – 2024 Year in Review" report. The market showed significant recovery in H2 2024 as investor confidence noticeably improved due to various economic stimulus measures introduced in China. Additionally, news indicate that China authorities are accelerating the review and approval process of companies’ listing applications, which enhance the overall market atmosphere.

Although the number of new listings in 2024 was lower than last year, the total fundraising amount increased by 89% to HKD 87.6 billion. For IPO applications, the overall situation is also improving in H2 2024. The Hong Kong Stock Exchange received 55 listing applications in Q4 alone, nearly doubling compared to same period last year. The total number of applications for the entire year of 2024 remained similar to that of the previous year.

The market generally expects that the IPO market in 2025 will continue the positive momentum from H2 2024. Some companies are reported to have resumed or initiated their IPO project preparations. The big 4 CPAs generally forecast that the Hong Kong IPO market will further improve in 2025 and foresee a potential return to the top three positions in the global IPO market.

For detailed analysis, please review and download full report: CBI_HKIPO_Market_Review2024