In the first three quarters of 2026, the Hong Kong stock IPO market handed over a report card that far exceeded expectations. A total of 115 companies were listed, raising a total of HK$385.566 billion. This fundraising scale has already exceeded the annual level of any year since 2011. Looking ahead to the fourth quarter, Deloitte and KPMG recently stated that the annual IPO financing amount for Hong Kong stocks is likely to approach HK$500 billion. Intermediaries are also benefiting from a hot market. The reporter noticed that the head effect is very obvious; the top three underwriters together account for 42% of the underwriting scale. However, sponsoring agencies' resource constraints and the quality of practice are still receiving regulatory attention. On October 13, the Hong Kong Securities Regulatory Commission said that the current resource constraints have eased somewhat, as reflected in the fact that the five most active sponsors had their share of pending listing applications dropped from 77% at the beginning of the year to 65% in September; the number of overburdened key signatories decreased by 78%. The Hong Kong Securities Regulatory Commission specifically reminds that current sponsors should be wary of opaque arrangements involving initial public offerings and post-listing activities. These arrangements may generate questionable subscription instructions, artificially inflate demand for shares in the initial public offering, or promote potentially manipulative trading activities after listing.

Disclaimer:Webull uses external vendor Google Translation Service for news translations where we endeavour to ensure these are correct, however, we recommend that you please double-check this information accordingly. Webull is not responsible for translation errors or issues.