Date
15 December 2017
Hong Kong is expected to attract many more new listings this year, becoming the top IPO fundraising venue. Photo: HKEJ
Hong Kong is expected to attract many more new listings this year, becoming the top IPO fundraising venue. Photo: HKEJ

HK may grab No.1 spot in IPO fundraising this year: Deloitte

Hong Kong may lead the world this year in funds raised from initial public offerings, according to Deloitte Touche Tohmatsu.

The global accountancy and consulting firm estimates that up to HK$280 billion could be raised in IPOs in Hong Kong in 2015, surpassing Shanghai, the Hong Kong Economic Journal reported.

A total of 46 companies will have floated their shares on the Hong Kong bourse this year as of end-June, raising a combined HK$127.5 billion, Deloitte said. 

The amount of funds raised will be 57 percent more than that seen in the same period last year, although the number of newly listed firms will be fewer than last year’s 48.

As of Wednesday, HK$105.7 billion has been raised through IPOs in the city so far this year, compared with HK$85.6 billion in Shanghai.

Edward Au, Deloitte’s China IPO co-chair and partner, said the funds raised through IPO activities over the full year could reach about HK$240 billion to HK$280 billion.

Eight firms are said to be seeking over HK$10 billion each through initial share sales in the second half of the year.

The aggregate amount of funds raised would represent a growth of 5 to 23 percent from the level in 2014.

Shanghai, meanwhile, will only see a total of about HK$200 billion worth of funds raised through IPOs this year, according to Deloitte.

Translation by Vey Wong

[Chinese version中文版]

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